David Anthony Needham - 10 Mar 2022 Form 4 Insider Report for Oportun Financial Corp (OPRT)

Role
Chief Product Officer
Signature
/s/ Kathleen Layton (Attorney-in-Fact)
Issuer symbol
OPRT
Transactions as of
10 Mar 2022
Net transactions value
-$186,090
Form type
4
Filing time
14 Mar 2022, 18:41:26 UTC
Previous filing
07 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPRT Common Stock Options Exercise +4,934 +9.8% 55,146 10 Mar 2022 Direct F1
transaction OPRT Common Stock Tax liability $22,635 -1,707 -3.1% $13.26 53,439 10 Mar 2022 Direct F2
transaction OPRT Common Stock Tax liability $10,117 -763 -1.4% $13.26 52,676 10 Mar 2022 Direct F2
transaction OPRT Common Stock Options Exercise $53,352 +40,418 +77% $1.32* 93,094 11 Mar 2022 Direct
transaction OPRT Common Stock Tax liability $53,348 -4,088 -4.4% $13.05 89,006 11 Mar 2022 Direct F3
transaction OPRT Common Stock Options Exercise $99,999 +22,727 +26% $4.40 111,733 11 Mar 2022 Direct
transaction OPRT Common Stock Tax liability $99,989 -7,662 -6.9% $13.05 104,071 11 Mar 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OPRT Restricted Stock Units Options Exercise $0 -4,934 -33% $0.000000 9,869 10 Mar 2022 Common Stock 4,934 Direct F1, F4
transaction OPRT Stock Option (Right to Buy) Award $53,352 -40,418 -100% $1.32* 0 11 Mar 2022 Common Stock 40,418 $1.32 Direct F5
transaction OPRT Stock Option (Right to Buy) Options Exercise $99,999 -22,727 -100% $4.40 0 11 Mar 2022 Common Stock 22,727 $4.40 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive at settlement, one share of common stock.
F2 No shares were sold - these shares were withheld by the Issuer to satisfy tax obligations in connection with the vesting of previously reported restricted stock units.
F3 Represents tender of previously owned shares to cover the exercise price of the stock options.
F4 1/4 of the restricted stock units vested on March 10, 2021 and 1/4 of the restricted stock units vest annually over three years, subject to the continued service of the Reporting Person on each vesting date
F5 The option is fully vested.