Oppenheimer Holdings (OPY) CEO reports vesting, conversion and forfeiture of shares

Rhea-AI Filing Summary

Oppenheimer Holdings Inc. CEO Albert G. Lowenthal, a director and more than 10% owner, reported the vesting of previously granted equity awards. On January 28, 2026, 110,000 shares of Restricted Class A non-voting common stock granted on January 28, 2021 reached vesting.

Of this grant, 55,725 Class A non-voting common shares were converted into directly held stock at a price of $0.00 per share, while 54,275 shares were forfeited. Following these transactions, Lowenthal directly holds 254,876 Class A non-voting common shares and 227,500 restricted Class A non-voting common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LOWENTHAL ALBERT G

(Last) (First) (Middle)

OPPENHEIMER HOLDINGS INC.

85 BROAD STREET

(Street)

NEW YORK NY 10004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OPPENHEIMER HOLDINGS INC [ OPY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A non-voting common stock	01/28/2026		J		55,725	A	(1)	254,876	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Class A non-voting common stock	(1)	01/28/2026		J			110,000	(1)	(1)	Class A non-voting common stock	110,000	(1)	227,500	D

Explanation of Responses:

1. The transaction describes the vesting of 110,000 shares of Restricted Class A non-voting common stock which were awarded on January 28, 2021 of which 55,725 Class A non-voting common shares were converted and 54,275 shares were forfeited.

Remarks:

	/s/ Jenny Chan, as Attorney-in-fact for Albert G. Lowenthal	01/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did OPY CEO Albert G. Lowenthal report?

Albert G. Lowenthal reported the vesting of restricted stock. A 110,000-share Restricted Class A non-voting common stock award vested, with 55,725 shares converted into Class A non-voting common stock and 54,275 shares forfeited, all recorded at a price of $0.00 per share.

How many OPY shares did Albert G. Lowenthal acquire in this Form 4?

He acquired 55,725 shares of Class A non-voting common stock. These shares came from the vesting and conversion of a 110,000-share Restricted Class A non-voting award originally granted on January 28, 2021, while the remaining 54,275 restricted shares were forfeited.

What does the 110,000 restricted OPY share vesting represent?

It represents a scheduled vesting of equity compensation. A grant of 110,000 Restricted Class A non-voting common shares from January 28, 2021 vested, leading to 55,725 shares becoming common stock and 54,275 shares being forfeited, as disclosed in the Form 4 footnote.

What are Albert G. Lowenthal’s OPY shareholdings after this transaction?

After the transaction, Lowenthal directly owns 254,876 shares of Class A non-voting common stock. He also directly holds 227,500 shares of Restricted Class A non-voting common stock, reflecting equity awards that remain outstanding as derivative securities.

What is transaction code J in this OPY Form 4 filing?

Transaction code J denotes an “other” type of transaction. In this case, it refers to the vesting and related conversion and forfeiture of Restricted Class A non-voting common stock, rather than an open-market purchase or sale for cash consideration.

Is this OPY insider transaction a market sale or purchase of shares?

No, this transaction is not a market trade. It reflects the vesting of 110,000 restricted shares granted as compensation, where 55,725 shares converted to Class A non-voting common stock and 54,275 shares were forfeited, all at a stated price of $0.00 per share.