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: Bregal Sagemount I, L.P. (10% Owner)
Reporting Person: Bregal North America General Partner Jersey Ltd (10% Owner)
Reporting Person: Bregal Investments, Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-14	Common Stock	S	605195	$26.88	Disposed	19732962	Direct
2020-12-14	Common Stock	S	4826933	$26.88	Disposed	14906029	Direct
2020-12-14	Common Stock	S	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 (defined below) and the other selling shareholders party thereto.

F2: Bregal Sagemount is the record holder of the shares reported. Bregal North America General Partner Jersey Limited (the "General Partner") is the General Partner of Bregal Sagemount. Bregal Investments, Inc. ("Bregal Investments") is the registered investment advisor of Bregal Sagemount. Each of the General Partner and Bregal Investments disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it 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 are held directly by Bregal Investments. Each of Bregal Sagemount and the General Partner disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it 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.