Open Lending Corp — Director's Dealing 2020

Dec 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Open Lending Corp (LPRO)
CIK: 0001806201
Period of Report: 2020-12-14

Reporting Person: Yoon Gene (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-14	Common Stock	D	605195	$26.88	Disposed	19732962	Indirect
2020-12-14	Common Stock	S	4826933	$26.88	Disposed	14906029	Indirect
2020-12-14	Common Stock	D	1105	$26.88	Disposed	36030	Indirect
2020-12-14	Common Stock	S	8814	$26.88	Disposed	27216	Indirect

Footnotes

F1: Represents shares sold to the Issuer by Bregal Sagemount I, L.P. ("Bregal Sagemount") on December 14, 2020 in connection with the Offering (as defined below) pursuant to the Stock Repurchase Agreement (the "Stock Repurchase Agreement"), dated December 7, 2020, between the Issuer, Bregal Sagemount, Bregal Investments (as defined below) and the other selling shareholders party thereto.

F2: The shares reported herein are held directly by Bregal Sagemount. The Reporting Person is the director of Bregal Investments, Inc. ("Bregal Investments"), which is the registered investment advisor of Bregal Sagemount. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 of the Securities Exchange Act of 1934 or any other purposes.

F3: Represents shares sold to the underwriters by Bregal Sagemount on December 14, 2020, pursuant to the Underwriting Agreement dated December 9, 2020, as described in the registration statement on Form S-1 filed with the SEC on December 7, 2020 (the "Offering").

F4: Represents shares sold to the Issuer by Bregal Investments on December 14, 2020 in connection with the Offering pursuant to the Stock Repurchase Agreement.

F5: The shares reported herein are held directly by Bregal Investments, Inc. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 of the Securities Exchange Act of 1934 or any other purposes.

F6: Represents shares sold to the underwriters by Bregal Investments on December 14, 2020, pursuant to the Offering.