JONATHAN AARON COBLENTZ - 06 Dec 2023 Form 4 Insider Report for Oportun Financial Corp (OPRT)

Role: CFO & Chief Admin Officer
Signature: /s/Kathleen Layton (Attorney-in-Fact)
Issuer symbol: OPRT
Transactions as of: 06 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Dec 2023, 20:18:56 UTC
Previous filing: 11 Sep 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPRT	Common Stock	Award		+20,101	+10%		216,853	06 Dec 2023	Direct	F1, F2
holding	OPRT	Common Stock						272,780	06 Dec 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	+20,101		$0.000000	20,101	06 Dec 2023	Common Stock	20,101		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.