Open Lending (LPRO) CEO Jessica Buss Sells Shares in Merger

What Happened
Jessica E. Buss, CEO of Open Lending Corp. (LPRO), disposed of common stock and derivative awards in connection with the company’s merger/tender offer. On July 28, 2026 she tendered and sold 74,652 shares at $3.15 per share for $235,154. Under the Merger Agreement, time‑based restricted stock units were cancelled for $3.15 per share and certain in‑the‑money stock options were cancelled and converted into cash payments per a formula in the agreement.

Key Details

• Transaction dates: July 28, 2026 (tendered common stock); July 30, 2026 (issuer cancellations/conversions recorded). Filing date: July 30, 2026. Filing appears timely.
• Reported sale: 74,652 shares @ $3.15 = $235,154 (Disposition in change of control).
• RSU conversion: 941,176 RSUs cancelled and converted into $3.15 per share in cash (≈ $2,964,704.40).
• Options cancelled: 3,184,000 options were cancelled and converted into cash payments calculated as (shares subject to option) × ( $3.15 − option exercise price ); the filing lists these as derivative dispositions to the issuer. Cash value depends on each option’s exercise price.
• Footnotes: F1 describes the tender under the Merger Agreement; F2 describes RSU cash conversion at $3.15; F3 describes cash settlement formula for options with exercise price below $3.15.
• Shares owned after transaction: not specified in the materials you provided.

Context
These transactions are cash‑outs tied to a merger/tender offer (not open‑market purchases or voluntary insider sales). RSUs and certain options were cancelled and settled for cash under the merger terms rather than being exercised into stock — a common outcome in change‑of‑control deals. This filing documents disposition/settlement; it does not provide insight into the CEO’s future view of the company.