John Joseph Flynn - 21 Jun 2023 Form 4 Insider Report for Open Lending Corp (LPRO)

Role
Director
Signature
/s/ Matthew Stark, as Attorney-in-Fact
Issuer symbol
LPRO
Transactions as of
21 Jun 2023
Net transactions value
-$516,870
Form type
4
Filing time
23 Jun 2023, 16:49:14 UTC
Previous filing
26 May 2023
Next filing
11 Jul 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 Sale $516,870 -50,000 -1.9% $10.34 2,629,666 21 Jun 2023 Direct F1
holding LPRO Common Stock, par value $0.01 per share 307,500 21 Jun 2023 Held by Flynn Family GST Irrevocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2023.