Buss Jessica E 4

What Happened

• Jessica E. Buss, CEO of Open Lending Corp. (LPRO), had 1,592,000 stock options cancelled and in exchange received 941,176 restricted stock units (RSUs) on January 19, 2026. The filing shows the option disposition and the RSU grant as derivative transactions; no cash price or dollar values are reported.
• The cancelled options had a vesting schedule of five equal annual installments beginning March 31, 2026 (footnote F1). The new RSUs vest in four equal annual installments beginning January 19, 2027 (footnote F4). Each RSU represents a contingent right to one share of LPRO common stock (footnote F3).

Key Details

• Transaction dates: January 19, 2026; Form 4 filed January 21, 2026 (two days after the transaction).
• Disposition: 1,592,000 stock options cancelled (derivative disposition).
• Acquisition: 941,176 restricted stock units granted (derivative award); no per-share price or cash value reported (N/A).
• Vesting: Cancelled options would have vested over 5 years starting 3/31/2026 (F1). RSUs vest over 4 years starting 1/19/2027 (F4).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F2 explains the exchange (options cancelled in exchange for RSUs); F3 defines RSUs as 1-for-1 contingent rights to shares.
• Filing timeliness: Form filed 1/21/2026 for a 1/19/2026 transaction — appears to be within the typical Form 4 reporting window.

Context

• This was an internal re-structuring of equity compensation (options cancelled for RSUs), not an open-market sale or purchase. RSUs are contingent awards that convert to shares only as they vest and do not represent immediate stock sales or cash proceeds.
• For investors: awards and restructurings signal management compensation alignment but are not the same signal as an insider buying or selling stock in the market. No dollar values or immediate share transfers were disclosed, so market-impact conclusions are limited.