Sather Matthew 4

What Happened
Matthew Sather, Chief Underwriting Officer of Open Lending Corp (LPRO), received a grant of 102,028 restricted stock units (RSUs) on February 18, 2026. The reported acquisition price is $0.00 because these RSUs are a compensation award (derivative grant) rather than a cash purchase. No immediate cash value or sale occurred in this transaction.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20) — filing appears timely.
• Instrument and amount: 102,028 restricted stock units (derivative grant), reported at $0.00 per unit.
• Shares owned after transaction: not reported in this filing.
• Footnotes: F1 — each RSU represents a contingent right to receive one share of LPRO common stock; F2 — RSUs vest in four equal annual installments beginning March 15, 2027.
• Transaction code: A (award/grant).

Context
RSUs are a form of equity compensation that convert into shares only as they vest; this grant does not indicate an immediate purchase or sale of stock. Vesting over four annual installments means the recipient must remain employed (or meet other conditions) for the RSUs to convert into actual shares. This type of filing is typically routine compensation reporting rather than a direct signal of insider buying or selling.