Form 4: Open Lending Corp Executive Stark Reports Stock Transactions
SEC Form 4 Filing
Matthew Stark, Chief Legal and Compliance Officer at Open Lending Corp, reports the vesting and conversion of restricted stock units into common stock.
Summary
- On October 19, 2024, Matthew Stark, Chief Legal and Compliance Officer of Open Lending Corp, reported transactions involving Open Lending Corp [LPRO] common stock.
- Stark acquired 18,302 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, Stark disposed of 4,456 shares to cover tax obligations at a price of $5.71 per share.
- Following these transactions, Stark directly owns 42,006 shares of common stock and 110,101 restricted stock units.
- The restricted stock units vested on October 19, 2024, and each unit represents a right to receive one share of LPRO common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor 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 |
|---|---|
| 10/19/2024 | Date of earliest transaction: vesting of restricted stock units and subsequent stock disposal for tax obligations. |
| 10/22/2024 | Date of report signature. |
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