Form 4: Open Lending Corp Executive Matthew Stark Reports Stock Transactions
SEC Form 4 Filing
Matthew Stark, Chief Legal and Compliance Officer of Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On March 15, 2025, Matthew Stark, Chief Legal and Compliance Officer of Open Lending Corp, executed transactions involving Open Lending Corp [LPRO] common stock.
- These transactions included the vesting of 11,533 and 7,738 restricted stock units (RSUs) which converted into shares of LPRO common stock.
- Stark also disposed of 2,764 and 1,884 shares to cover tax obligations at a price of $4.31 per share.
- Following these transactions, Stark directly owns 59,425 shares of LPRO common stock and 86,856 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of earliest transaction: vesting of restricted stock units and subsequent stock transactions. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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