Form 4: Open Lending Corp: Chief Accounting Officer Reports Stock Transactions

Cecilia Camarillo, Chief Accounting Officer of Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock, as well as a disposition of shares to cover tax obligations.

Summary

• On March 15, 2024, Cecilia Camarillo, the Chief Accounting Officer of Open Lending Corporation, reported transactions involving Open Lending Corp [LPRO] common stock.
• 11,160 restricted stock units vested and were converted into shares of LPRO common stock.
• 2,717 shares were disposed of to cover tax obligations at a price of $6.67 per share.
• Following these transactions, Camarillo directly owns 19,572 shares of common stock and 63,392 restricted stock units.
• The report was filed on March 19, 2024.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates