(2) Other operating expenses includes other non-recurring expenses, marketing expenses, insurance expenses, travel expenses, meals and entertainment expenses, facilities expenses and business development expenses.

filing / May 8, 2026 / receipt

In the near term, we expect general and administrative expenses to decrease as we continue to focus on our cost saving initiatives.

filing / May 8, 2026 / receipt

In the near term, we generally expect selling and marketing expenses to decrease as we continue to focus on our cost saving initiatives.

filing / May 8, 2026 / receipt

a $0.5 million decrease in employee compensation and benefit costs primarily due to a reduction in severance expenses. Selling and Marketing.

filing / May 8, 2026 / receipt

Massimo Monaco has served as the Chief Financial Officer since August 2025. Prior to joining Open Lending, Mr. Monaco was Chief Financial Officer of Arc Home LLC, a residential mortgage lender from December 2018 to July 2025.

filing / Apr 20, 2026 / receipt

Jehl provided transition services to the Company as interim Chief Financial Officer. The terms of the Transition Services Agreement are described below under “ Transition Services Arrangement with Mr.

filing / Apr 20, 2026 / receipt

For the fiscal year ended December 31, 2025, each of our NEOs had individual (qualitative) goals weighted in the aggregate at 25% for each executive involving various strategic and operational priorities such as the reduction of quarterly earnings volatility, the improvement of customer retention, the implementation of new technology initiatives, and the hiring of additional executives.

filing / Apr 20, 2026 / receipt