Sather Matthew 4

What Happened
Matthew Sather, Chief Underwriting Officer of Open Lending (LPRO), had restricted stock units (RSUs) vest on March 15, 2026. Three RSU conversions resulted in 6,633, 7,500 and 10,000 shares (total 24,133 shares) being issued. To satisfy tax withholding obligations, 1,943, 2,197 and 2,930 shares (total 7,070 shares) were withheld at $1.45 per share (approx. $10,252), leaving a net issuance of 17,063 shares to Sather. The conversion entries are coded as M (exercise/conversion of derivative) and the withholdings as F (tax withholding).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Conversion amounts: 6,633; 7,500; 10,000 shares (total 24,133).
• Withheld for taxes: 1,943; 2,197; 2,930 shares (total 7,070) at $1.45/share; total withholding ≈ $10,252.
• Net shares issued to insider: 17,063.
• Footnotes: RSUs converted to common stock upon vesting; each RSU equals one share; the RSUs vested on March 15, 2026.
• Shares owned after the transaction: not specified in the provided data.
• Codes: M = conversion/exercise of derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context
This was an award/vesting event (RSUs vesting and converting to shares) with routine withholding to cover taxes, not an open-market sale. The filing shows conversion of derivative awards and share withholding for tax rather than discretionary buying or selling; such withholding is common and does not, by itself, indicate insider sentiment about the stock.