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 into common stock, along with the disposal of shares to cover tax obligations.
Summary
- On March 15, 2025, Sarah Lackey, the Chief Technology Officer of Open Lending Corp, engaged in transactions involving the company's stock.
- She converted 11,533 and 6,853 restricted stock units into common stock.
- Simultaneously, she disposed of 2,967 and 1,668 shares of common stock at a price of $4.31 to satisfy tax obligations.
- Following these transactions, Lackey directly owns 85,535 shares of Open Lending Corp common stock and 65,541 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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