Form 4: Open Lending Corp: Chief Technology Officer Sarah Lackey Reports Stock Transactions
SEC Form 4 Filing
Sarah Lackey, Chief Technology Officer of Open Lending Corp, reports the vesting and conversion of restricted stock units and the disposal of shares to cover tax obligations.
Summary
- On October 19, 2024, Sarah Lackey, the Chief Technology Officer of Open Lending Corp, had restricted stock units vest and convert into 9,151 shares of LPRO common stock.
- Lackey also disposed of 2,228 shares to satisfy tax withholding obligations at a price of $5.71 per share.
- Following these transactions, Lackey directly owns 69,242 shares of LPRO common stock and 87,539 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, and does not inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
This is a standard Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Restricted stock units vested and converted into common stock; shares disposed of for tax obligations. |
| 10/22/2024 | Date of signature for the Form 4 filing. |
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