Form 4: Open Lending Corp: Chief Technology Officer Sarah Lackey Reports Stock Transactions

Sarah Lackey, Chief Technology 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 August 5, 2024, Sarah Lackey, the Chief Technology Officer of Open Lending Corp, had restricted stock units vest and convert into 303 shares of LPRO common stock.
• Lackey also disposed of 73 shares of common stock to satisfy tax obligations related to the vesting of the restricted stock units at a price of $5.4 per share.
• Following these transactions, Lackey directly owns 62,319 shares of Open Lending Corp.
• She also owns 96,690 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company insider, which is a routine regulatory filing. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock. It is a standard practice for publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company insider, but the amounts are relatively small.

Key Dates