4Filed Jul 29, 8:00 PM ET
Open Lending (LPRO) Director Abhijit Chaudhary Sells 14,943 Shares
$LPRO · Open Lending CorpResearch Summary
AI-generated summary of this SEC filing
Open Lending (LPRO) Director Abhijit Chaudhary Sells 14,943 Shares
What Happened
- Director Abhijit Chaudhary disposed of 14,943 shares of Open Lending Corp (LPRO) on July 28, 2026. The shares were tendered in a change-of-control tender offer at $3.15 per share, generating proceeds of $47,070. This was a disposition tied to a merger/tender offer rather than an open-market sale.
Key Details
- Transaction date: 2026-07-28; Price: $3.15 per share; Shares: 14,943; Total proceeds: $47,070.
- Transaction code: "U" — disposition in connection with a change of control.
- Footnote: Reporting person tendered the shares in the tender offer made under the Merger Agreement among the issuer and the acquirers (per footnote F1).
- Shares owned after the transaction: not specified in this Form 4.
- Filing date: 2026-07-30 (covers the 7/28 transaction); the filing appears timely and no late filing is indicated.
Context
- The sale resulted from a tender offer tied to a merger agreement, so it reflects an execution of that corporate transaction (cash-out at the offer price) rather than an independent trading decision by the director. Such change-of-control dispositions are administrative outcomes of deals and do not by themselves indicate the insider's view on the company's future performance.