Institutional Venture Management XIV, LLC - Sep 5, 2023 Form 4 Insider Report for Oportun Financial Corp (OPRT)

Role: 10%+ Owner
Signature: /s/ Tracy Hogan, as Attorney-in-Fact for Institutional Venture Management XIV, LLC
Stock symbol: OPRT
Transactions as of: Sep 5, 2023
Transactions value $: -$365,500
Form type: 4
Date filed: 9/7/2023, 04:44 PM
Previous filing: Jun 16, 2023
Next filing: Sep 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPRT	Common Stock	Sale	-$366K	-50K	-1.47%	$7.31	3.36M	Sep 5, 2023	By Institutional Venture Partners XIV, L.P.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Institutional Venture Management XIV, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.13 to $7.57 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	These shares are owned directly by Institutional Venture Partners XIV, L.P., of which Institutional Venture Management XIV, LLC ("IVM XIV") is the sole general partner and exercises voting and investment power over these shares. The managing directors of IVM XIV are Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, Jules A. Maltz, J. Sanford Miller and Dennis B. Phelps, Jr. Each of the Reporting Persons disclaims beneficial ownership of these securities, except to the extent of its or his respective proportionate pecuniary interest therein and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.13 to $7.57 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Institutional Venture Partners XIV, L.P., of which Institutional Venture Management XIV, LLC ("IVM XIV") is the sole general partner and exercises voting and investment power over these shares. The managing directors of IVM XIV are Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, Jules A. Maltz, J. Sanford Miller and Dennis B. Phelps, Jr. Each of the Reporting Persons disclaims beneficial ownership of these securities, except to the extent of its or his respective proportionate pecuniary interest therein and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.