4Filed Jul 29, 8:00 PM ET
Open Lending (LPRO) Director Todd C. Hart Sells 13,933 Shares
$LPRO · Open Lending CorpResearch Summary
AI-generated summary of this SEC filing
Open Lending (LPRO) Director Todd C. Hart Sells 13,933 Shares
What Happened
Todd C. Hart, a director of Open Lending Corp. (LPRO), disposed of 13,933 shares on July 28, 2026 as part of a change-of-control tender offer. The shares were cashed out at $3.15 per share, resulting in proceeds of $43,889. This was a disposition in connection with a merger/tender offer (transaction code U), not an open-market sale.
Key Details
- Transaction date: July 28, 2026; Filing date: July 30, 2026 (filed within the Form 4 filing window).
- Price: $3.15 per share; Shares sold/tendered: 13,933; Total value: $43,889.
- Transaction code: U — disposition in connection with a change in control / tender offer.
- Shares owned after transaction: Not stated in the Form 4 filing.
- Footnote: The reporting person tendered the shares in exchange for $3.15 per share in cash pursuant to the Agreement and Plan of Merger dated June 15, 2026 among the issuer, ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
Context
This transaction occurred because of a corporate change-of-control/tender offer under a merger agreement, so it reflects proceeds from that corporate event rather than a routine insider sale. Such dispositions tied to a merger are typically procedural and do not necessarily indicate the insider’s view on the company’s ongoing prospects.