Open Lending (LPRO) 10% Owner Bregal Sagemount Sells $23.8M

What Happened

• Bregal Sagemount I, L.P., a reported 10% owner of Open Lending Corp (LPRO), disposed of 7,564,566 shares on July 28, 2026, receiving $3.15 per share for a total of $23,828,383. The transaction is reported as a "U" code (disposition in connection with a change in control) and resulted from tendering shares in a takeover/merger offer. This is a sale/tender (not a purchase).

Key Details

• Transaction date: 2026-07-28; Filing date: 2026-07-31.
• Shares sold: 7,564,566 at $3.15 per share; total proceeds: $23,828,383.
• Transaction code: U — disposition in connection with a change in control (tender offer).
• Footnote: Shares were tendered for $3.15 per share pursuant to the Agreement and Plan of Merger dated June 15, 2026, among Open Lending, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
• Ownership after transaction: Not specified in the provided filing details.
• Ownership/agency note: Bregal Sagemount Management LP and Bregal Investments, Inc. are listed as advisors/related entities and disclaim beneficial ownership except to the extent of any pecuniary interest.

Context

• This was an institutional tendering of shares in connection with a merger/takeover offer — common for large holders to tender in such transactions. Institutional dispositions tied to change‑of‑control transactions are transaction-driven and do not necessarily indicate management sentiment about the company’s prospects.