LOWENTHAL ALBERT G 4

What Happened
Albert G. Lowenthal, listed as a 10% owner of Oppenheimer Holdings Inc. (OPY), was granted/acquired 40,000 restricted Class A non‑voting common shares on February 6, 2026. The filing reports the acquisition as a derivative award (transaction code J) with no cash price or immediate market value reported; the shares vest on the earlier of February 5, 2031, a change of control, or death. This is an award/acquisition of restricted stock rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-06 (Form 4 filed 2026-05-11). The filing was submitted more than two business days after the transaction.
• Transaction code: J (other acquisition or disposition — here, a restricted stock award/derivative). Price: N/A; value: N/A.
• Shares acquired: 40,000 restricted Class A non‑voting common shares.
• Vesting: earlier of 2/5/2031, change of control, or death (per footnote).
• Shares owned after transaction: not specified in the filing.
• Insider status: Lowenthal is reported as a 10% owner (not an executive officer); this is institutional/large‑holder reporting, not routine executive trading.

Context
This transaction represents a grant of restricted shares that will not be freely tradable until vesting conditions are met; it is not an immediate market purchase or sale. Because the Form 4 was filed well after the February 6 transaction date, the report appears late relative to the typical two‑business‑day reporting requirement. As always, awards to large holders signal ownership changes but do not, by themselves, indicate near‑term buying or selling intentions.