John Joseph Flynn - Oct 27, 2022 Form 4 Insider Report for Open Lending Corp (LPRO)

Role: Director
Signature: /s/ John Joseph Flynn
Stock symbol: LPRO
Transactions as of: Oct 27, 2022
Transactions value $: -$112,441
Form type: 4
Date filed: 11/15/2022, 03:28 PM
Previous filing: Oct 12, 2022
Next filing: May 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LPRO	Common Stock, par value $0.01 per share	Options Exercise	$0	+64.5K	+2.46%	$0.00	2.68M	Oct 27, 2022	Direct	F1
transaction	LPRO	Common Stock, par value $0.01 per share	Tax liability	-$112K	-15.7K	-0.59%	$7.16	2.67M	Oct 27, 2022	Direct
holding	LPRO	Common Stock, par value $0.01 per share						308K	Oct 27, 2022	Held by Flynn Family GST Irrevocable Trust

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	-64.5K	-82.7%	$0.00	13.5K	Oct 27, 2022	Common Stock, par value $0.01 per share	64.5K		Direct	F2, F3

* 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	Each restricted stock unit represents a contingent right to receive one share of LPRO common stock.
F3	The restricted stock units vested on October 27, 2022 pursuant to the Transition Services Agreement, dated as of October 6, 2022 by and between Open Lending Corporation and Mr. Flynn.