Glasl Michelle 4

What Happened

• Michelle Glasl, Chief Operating Officer of Open Lending Corp (LPRO), had restricted stock units (RSUs) vest and convert into common stock on March 15, 2026. The Form 4 shows six conversion entries of 9,000 RSUs each (54,000 shares total) recorded as derivative exercises (code M) at $0.00 per share.
• To cover tax withholding, the filing shows two withholding transactions (code F) of 2,880 shares each, disposed at $1.45 per share (each worth $4,176), for a total tax-withheld value of $8,352. Net shares added to her position based on these entries: 54,000 converted − 5,760 withheld = 48,240 net shares received.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely within the usual two-business-day window).
• Conversion entries: six × 9,000 RSUs → 54,000 shares, $0.00 exercise price (RSUs convert to shares upon vesting).
• Tax withholding: two × 2,880 shares withheld at $1.45 each = $4,176 each; total withholding $8,352; 5,760 shares surrendered to satisfy tax obligations.
• Footnotes: RSUs converted upon vesting; each RSU equals one share; the RSUs vested on March 15, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• These entries reflect RSU vesting and conversion, not an open-market purchase or sale. The F-code transactions are standard share withholding to cover tax liabilities (not necessarily a sale signaling sentiment).
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding). This is routine compensation vesting activity rather than an investment decision.