Form 4: Open Lending Corp Director Shubhi Suryaji Rao Reports Stock Transactions

Director Shubhi Suryaji Rao of Open Lending Corp reports acquisition and disposal of common stock and restricted stock units on May 22, 2024.

Summary

• On May 22, 2024, Shubhi Suryaji Rao, a director of Open Lending Corp, engaged in transactions involving the company's common stock and restricted stock units.
• Rao acquired 10,162 shares of common stock through the vesting of restricted stock units.
• Concurrently, Rao disposed of 10,162 shares of common stock related to the vesting of these restricted stock units.
• Following these transactions, Rao directly owns 18,351 shares of Open Lending Corp.
• Additionally, Rao was granted 23,455 restricted stock units that will vest on the earlier of May 22, 2025, or the next annual meeting of the Issuer's stockholders following the date of the grant.
• After these transactions, Rao holds 23,455 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The remaining restricted stock units will vest on the earlier of May 22, 2025, or the next annual meeting of the Issuer's stockholders following the date of the grant.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The disclosure of insider transactions provides transparency to shareholders regarding the actions of company leadership.

Key Dates