Open Lending (LPRO) 10% Owner Blair J. Greenberg Sells 7.56M Shares
$LPRO · Open Lending CorpResearch Summary
AI-generated summary of this SEC filing
Open Lending (LPRO) 10% Owner Blair J. Greenberg Sells 7.56M Shares
What Happened
Blair J. Greenberg, reported as a 10% owner, disposed of 7,564,566 shares of Open Lending Corp (LPRO) on July 28, 2026. The shares were tendered in connection with a change-of-control transaction and were paid out at $3.15 per share, for gross proceeds of $23,828,383. This was a disposition (sale) as part of a merger/tender offer, not an open-market trade.
Key Details
- Transaction date: 2026-07-28; Filing date: 2026-07-30 (timely — filed within two days).
- Price and value: 7,564,566 shares at $3.15 each; total ≈ $23,828,383.
- Transaction code: U — reported as a disposition in connection with change of control.
- Shares after transaction: Not stated in the provided filing data.
- Footnote: Shares were held directly by Bregal Sagemount I, L.P.; the sale was made pursuant to the Merger Agreement dated June 15, 2026 (tender offer by ANV Group Holdings Ltd./Lakers Acquisition Sub, Inc.). Reporting person is affiliated with the investment adviser and disclaims beneficial ownership except for any pecuniary interest.
Context
Because this was a tender-offer payout tied to a merger, it reflects a contractual disposition under the merger agreement rather than a routine insider sale for personal reasons. As a 10% owner represented through an institutional vehicle (Bregal Sagemount I, L.P.), this filing documents an institutional tender of shares rather than direct executive trading.