Jonathan Aaron Coblentz - Dec 6, 2023 Form 4 Insider Report for Oportun Financial Corp (OPRT)

Role
CFO & Chief Admin Officer
Signature
/s/Kathleen Layton (Attorney-in-Fact)
Stock symbol
OPRT
Transactions as of
Dec 6, 2023
Transactions value $
$0
Form type
4
Date filed
12/8/2023, 08:18 PM
Previous filing
Sep 11, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPRT Common Stock Award +20.1K +10.22% 217K Dec 6, 2023 Direct F1, F2
holding OPRT Common Stock 273K Dec 6, 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 Performance Stock Units Award $0 +20.1K $0.00 20.1K Dec 6, 2023 Common Stock 20.1K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2023, subject to the continued service of the Reporting Person on each vesting date.
F2 Each Restricted Stock Unit (RSU) and each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
F3 These shares are held in the Jonathan A. Coblentz Revocable Trust U/A/D 3/31/2017 for which the Reporting Person is the Trustee.
F4 PSUs will vest based on the Company's achievement of absolute total shareholder return (Company TSR). The TSR period will be the three (3) year period covering calendar years 2023 through 2025. The performance metric will be met, and the PSUs will vest, based on percentile achievement. The Company's Compensation Committee will determine and certify in writing within forty-five (45) days following the last day of the TSR period, whether the Company has achieved any TSR goals. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that are achieved will be scheduled to vest on March 10, 2026.