Ross M. Jessup - 05 Nov 2021 Form 4 Insider Report for Open Lending Corp (LPRO)

Role
Title: Director, President and Chief Operating Officer, Director
Signature
/s/ Ross M. Jessup
Issuer symbol
LPRO
Transactions as of
05 Nov 2021
Net transactions value
-$253,013
Form type
4
Filing time
09 Nov 2021, 18:09:16 UTC
Previous filing
06 Oct 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPRO Common Stock Options Exercise $0 +6,889 +0.19% $0.000000 3,543,978 05 Nov 2021 Direct F1
transaction LPRO Common Stock Tax liability $69,000 -2,033 -0.06% $33.94 3,541,945 05 Nov 2021 Direct
transaction LPRO Common Stock Sale $184,012 -5,250 -0.15% $35.05 3,536,695 05 Nov 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPRO Restricted Stock Units Options Exercise $0 -6,889 -25% $0.000000 20,668 05 Nov 2021 Common Stock 6,889 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units that upon vesting converted into shares of LPRO common stock.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 13, 2021.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.00 to $35.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Each restricted stock unit represents a contingent right to receive one share of LPRO common stock.
F5 These restricted stock units vested on November 5, 2021.

Remarks:

Title: Director, President and Chief Operating Officer