Raul Vazquez - 10 Mar 2023 Form 4 Insider Report for Oportun Financial Corp (OPRT)

Role
Chief Executive Officer, Director
Signature
/s/ Kathleen Layton (Attorney-in-Fact)
Issuer symbol
OPRT
Transactions as of
10 Mar 2023
Net transactions value
-$123,708
Form type
4
Filing time
14 Mar 2023, 17:54:55 UTC
Previous filing
07 Mar 2023
Next filing
15 Jun 2023
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 +23,026 +2.4% 988,463 10 Mar 2023 Direct F1
transaction OPRT Common Stock Tax liability $34,400 -7,963 -0.81% $4.32 980,500 10 Mar 2023 Direct F2
transaction OPRT Common Stock Tax liability $15,375 -3,559 -0.36% $4.32 976,941 10 Mar 2023 Direct F2
transaction OPRT Common Stock Tax liability $73,932 -17,114 -1.8% $4.32 959,827 10 Mar 2023 Direct F2
holding OPRT Common Stock 233,709 10 Mar 2023 See footnote 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 Resricted Stock Units Options Exercise $0 -23,026 -50% $0.000000 23,027 10 Mar 2023 Common Stock 23,026 Direct F1, F4
* 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 These shares are held in a family trust for which the Reporting Person is the Trustee.
F4 The restricted stock units vest over four years from March 10, 2020 with 1/4 of the restricted stock units vesting annually on each anniversary date, provided that the Reporting Person remains in continuous service to the Issuer on each vesting date.