Open Lending Corp — Director's Dealing 2021

Apr 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Open Lending Corp (LPRO)
CIK: 0001806201
Period of Report: 2021-04-06

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
2021-04-06	Common Stock	D	313997	$34.00	Disposed	14592032	Direct
2021-04-06	Common Stock	S	5305840	$34.00	Disposed	9286192	Direct
2021-04-06	Common Stock	D	1735	$34.00	Disposed	25481	Indirect
2021-04-06	Common Stock	S	25481	$34.00	Disposed	0	Indirect

Footnotes

F1: Represents shares sold to the Issuer by Bregal Sagemount I, L.P. ("Bregal Sagemount") on April 6, 2021 in connection with the Offering (as defined below) pursuant to the Stock Repurchase Agreement (the "Stock Repurchase Agreement"), dated March 29, 2021, 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 (inclusive of underwriting discount) by Bregal Sagemount on April 6, 2021, pursuant to the Underwriting Agreement dated April 1, 2021, as described in the Rule 424B4 prospectus filed with the SEC on April 1, 2021 (the "Offering").

F4: Represents shares sold to the Issuer by Bregal Investments on April 6, 2021 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 (inclusive of underwriting discount) by Bregal Investments on April 6, 2021, pursuant to the Offering.