[DEFA14A] Oportun Financial Corporation Additional Proxy Soliciting Materials
Travel + Leisure Co. (TNL) has filed a Form 144 indicating a potential sale of 15,396 common shares through Merrill Lynch on or after 1 July 2025. At an aggregate market value of roughly $825,225, the transaction equals about 0.02 % of the company’s 66.4 million shares outstanding. The shares stem from restricted-stock-unit vesting on 10 & 14 March 2025 and no other insider sales were reported during the past three months. The filer certifies there is no undisclosed adverse information about the issuer.
Form 144 is a notice—execution is not guaranteed—and it contains no operational or earnings data. Given the small fraction of equity involved, the filing is viewed as routine and unlikely to exert material pressure on TNL’s share price.
Travel + Leisure Co. (TNL) ha presentato un Modulo 144 che indica una possibile vendita di 15.396 azioni ordinarie tramite Merrill Lynch a partire dal 1° luglio 2025. Con un valore di mercato complessivo di circa 825.225 dollari, l’operazione rappresenta circa lo 0,02% delle 66,4 milioni di azioni in circolazione della società. Le azioni derivano dalla maturazione di unità azionarie vincolate il 10 e 14 marzo 2025 e non sono state segnalate altre vendite da parte di insider negli ultimi tre mesi. Il dichiarante certifica che non esistono informazioni negative non divulgate riguardanti l’emittente.
Il Modulo 144 è una comunicazione — l’esecuzione della vendita non è garantita — e non contiene dati operativi o di utili. Considerata la piccola quota di azioni coinvolte, la segnalazione è considerata di routine e improbabile che eserciti una pressione significativa sul prezzo delle azioni di TNL.
Travel + Leisure Co. (TNL) ha presentado un Formulario 144 que indica una posible venta de 15,396 acciones comunes a través de Merrill Lynch a partir del 1 de julio de 2025. Con un valor de mercado agregado de aproximadamente 825,225 dólares, la transacción equivale a cerca del 0,02% de las 66.4 millones de acciones en circulación de la empresa. Las acciones provienen de la consolidación de unidades de acciones restringidas el 10 y 14 de marzo de 2025 y no se reportaron otras ventas por parte de insiders en los últimos tres meses. El declarante certifica que no hay información negativa no divulgada sobre el emisor.
El Formulario 144 es un aviso — la ejecución no está garantizada — y no contiene datos operativos ni de ganancias. Dada la pequeña fracción de acciones involucradas, la presentación se considera rutinaria y es poco probable que ejerza una presión material sobre el precio de las acciones de TNL.
Travel + Leisure Co. (TNL)이 Form 144를 제출했습니다, 이는 2025년 7월 1일 이후 Merrill Lynch를 통해 15,396주의 보통주를 매도할 가능성을 나타냅니다. 총 시장 가치는 약 825,225달러로, 이는 회사의 6,640만 주 발행 주식 중 약 0.02%에 해당합니다. 해당 주식은 2025년 3월 10일과 14일에 제한 주식 단위가 성숙된 것에서 비롯되었으며, 지난 3개월 동안 다른 내부자 매도는 보고되지 않았습니다. 제출자는 발행인에 관한 미공개 부정 정보가 없음을 인증합니다.
Form 144는 통지서로—실행이 보장되지는 않으며—운영 또는 수익 데이터는 포함하지 않습니다. 관련 주식 비중이 적기 때문에 이 제출은 일상적인 것으로 간주되며 TNL 주가에 중대한 영향을 미칠 가능성은 낮습니다.
Travel + Leisure Co. (TNL) a déposé un formulaire 144 indiquant une éventuelle vente de 15 396 actions ordinaires via Merrill Lynch à compter du 1er juillet 2025. Avec une valeur marchande totale d’environ 825 225 dollars, la transaction représente environ 0,02 % des 66,4 millions d’actions en circulation de la société. Les actions proviennent de la levée des unités d’actions restreintes les 10 et 14 mars 2025, et aucune autre vente d’initiés n’a été signalée au cours des trois derniers mois. Le déposant certifie qu’il n’existe aucune information défavorable non divulguée concernant l’émetteur.
Le formulaire 144 est un avis – son exécution n’est pas garantie – et ne contient aucune donnée opérationnelle ou de résultat. Étant donné la faible part de capital concernée, ce dépôt est considéré comme une formalité et est peu susceptible d’exercer une pression significative sur le cours de l’action TNL.
Travel + Leisure Co. (TNL) hat ein Formular 144 eingereicht, das einen möglichen Verkauf von 15.396 Stammaktien über Merrill Lynch ab dem 1. Juli 2025 anzeigt. Bei einem Gesamtmarktwert von etwa 825.225 US-Dollar entspricht die Transaktion etwa 0,02 % der 66,4 Millionen ausstehenden Aktien des Unternehmens. Die Aktien stammen aus der Vesting von Restricted Stock Units am 10. und 14. März 2025, und in den letzten drei Monaten wurden keine weiteren Insider-Verkäufe gemeldet. Der Einreicher bestätigt, dass keine nicht offengelegten negativen Informationen über den Emittenten vorliegen.
Formular 144 ist eine Mitteilung – die Ausführung ist nicht garantiert – und enthält keine operativen oder Gewinnzahlen. Aufgrund des geringen Anteils am Eigenkapital wird die Meldung als Routine angesehen und dürfte keinen wesentlichen Druck auf den Aktienkurs von TNL ausüben.
- None.
- None.
Insights
TL;DR: Minor Form 144 sale (0.02 % float) appears routine; limited market impact expected.
This planned disposal of 15,396 shares is well below materiality thresholds. It originates from recent RSU vesting rather than discretionary selling, suggesting standard liquidity management rather than a negative signal. The notice lacks performance data, so it does not alter fundamental valuation models. I classify the filing as informational and neutral for investors.
TL;DR: Insider sale is negligible; no portfolio action warranted.
The proposed sale equates to roughly one trading day’s average volume for many mid-caps and is just 0.02 % of shares outstanding. Such a small divestiture does not change liquidity, ownership concentration, or governance risk. I view the event as not impactful to position sizing or risk metrics.
Travel + Leisure Co. (TNL) ha presentato un Modulo 144 che indica una possibile vendita di 15.396 azioni ordinarie tramite Merrill Lynch a partire dal 1° luglio 2025. Con un valore di mercato complessivo di circa 825.225 dollari, l’operazione rappresenta circa lo 0,02% delle 66,4 milioni di azioni in circolazione della società. Le azioni derivano dalla maturazione di unità azionarie vincolate il 10 e 14 marzo 2025 e non sono state segnalate altre vendite da parte di insider negli ultimi tre mesi. Il dichiarante certifica che non esistono informazioni negative non divulgate riguardanti l’emittente.
Il Modulo 144 è una comunicazione — l’esecuzione della vendita non è garantita — e non contiene dati operativi o di utili. Considerata la piccola quota di azioni coinvolte, la segnalazione è considerata di routine e improbabile che eserciti una pressione significativa sul prezzo delle azioni di TNL.
Travel + Leisure Co. (TNL) ha presentado un Formulario 144 que indica una posible venta de 15,396 acciones comunes a través de Merrill Lynch a partir del 1 de julio de 2025. Con un valor de mercado agregado de aproximadamente 825,225 dólares, la transacción equivale a cerca del 0,02% de las 66.4 millones de acciones en circulación de la empresa. Las acciones provienen de la consolidación de unidades de acciones restringidas el 10 y 14 de marzo de 2025 y no se reportaron otras ventas por parte de insiders en los últimos tres meses. El declarante certifica que no hay información negativa no divulgada sobre el emisor.
El Formulario 144 es un aviso — la ejecución no está garantizada — y no contiene datos operativos ni de ganancias. Dada la pequeña fracción de acciones involucradas, la presentación se considera rutinaria y es poco probable que ejerza una presión material sobre el precio de las acciones de TNL.
Travel + Leisure Co. (TNL)이 Form 144를 제출했습니다, 이는 2025년 7월 1일 이후 Merrill Lynch를 통해 15,396주의 보통주를 매도할 가능성을 나타냅니다. 총 시장 가치는 약 825,225달러로, 이는 회사의 6,640만 주 발행 주식 중 약 0.02%에 해당합니다. 해당 주식은 2025년 3월 10일과 14일에 제한 주식 단위가 성숙된 것에서 비롯되었으며, 지난 3개월 동안 다른 내부자 매도는 보고되지 않았습니다. 제출자는 발행인에 관한 미공개 부정 정보가 없음을 인증합니다.
Form 144는 통지서로—실행이 보장되지는 않으며—운영 또는 수익 데이터는 포함하지 않습니다. 관련 주식 비중이 적기 때문에 이 제출은 일상적인 것으로 간주되며 TNL 주가에 중대한 영향을 미칠 가능성은 낮습니다.
Travel + Leisure Co. (TNL) a déposé un formulaire 144 indiquant une éventuelle vente de 15 396 actions ordinaires via Merrill Lynch à compter du 1er juillet 2025. Avec une valeur marchande totale d’environ 825 225 dollars, la transaction représente environ 0,02 % des 66,4 millions d’actions en circulation de la société. Les actions proviennent de la levée des unités d’actions restreintes les 10 et 14 mars 2025, et aucune autre vente d’initiés n’a été signalée au cours des trois derniers mois. Le déposant certifie qu’il n’existe aucune information défavorable non divulguée concernant l’émetteur.
Le formulaire 144 est un avis – son exécution n’est pas garantie – et ne contient aucune donnée opérationnelle ou de résultat. Étant donné la faible part de capital concernée, ce dépôt est considéré comme une formalité et est peu susceptible d’exercer une pression significative sur le cours de l’action TNL.
Travel + Leisure Co. (TNL) hat ein Formular 144 eingereicht, das einen möglichen Verkauf von 15.396 Stammaktien über Merrill Lynch ab dem 1. Juli 2025 anzeigt. Bei einem Gesamtmarktwert von etwa 825.225 US-Dollar entspricht die Transaktion etwa 0,02 % der 66,4 Millionen ausstehenden Aktien des Unternehmens. Die Aktien stammen aus der Vesting von Restricted Stock Units am 10. und 14. März 2025, und in den letzten drei Monaten wurden keine weiteren Insider-Verkäufe gemeldet. Der Einreicher bestätigt, dass keine nicht offengelegten negativen Informationen über den Emittenten vorliegen.
Formular 144 ist eine Mitteilung – die Ausführung ist nicht garantiert – und enthält keine operativen oder Gewinnzahlen. Aufgrund des geringen Anteils am Eigenkapital wird die Meldung als Routine angesehen und dürfte keinen wesentlichen Druck auf den Aktienkurs von TNL ausüben.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
Oportun Financial Corporation
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of the Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
On July 1, 2025, Oportun Financial Corporation issued the following press release and posted the following materials to www.voteforoportun.com:
Oportun Responds to Comments by Findell Capital
Reiterates openness and ongoing efforts to reach constructive compromise with Findell
Highlights Board actions to streamline and rebalance director skills in service of all stockholders
SAN CARLOS, Calif., July 1, 2025 (GLOBE NEWSWIRE) – Oportun (Nasdaq: OPRT) (“Oportun” or the “Company”), a mission-driven financial services company, today issued a statement in response to recent comments made by Findell Capital Management, LLC (“Findell”):
“As described in detail in our investor presentation, Oportun has sought a resolution with Findell for months. We have delivered to Findell multiple formal proposals that involved changes to the Board’s composition, including as recently as the week before last. Findell has not responded to this latest offer.
The Board’s decision to reduce the number of directors and rebalance the Board’s skills and experience, including the decision not to nominate incumbent Lead Independent Director Neil Williams and director Scott Parker, was the result of careful review of the Board’s expertise and needs and reflects stockholder feedback. Both Mr. Williams and Mr. Parker are former public company Chief Financial Officers; the Board has three other directors with similar backgrounds in finance and accounting.
The Company remains committed to engaging constructively with Findell and willing to resolve the proxy contest on terms that serve the best interests of all our stockholders.”
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.
Cautionary Statement on Forward-Looking Statements
Certain statements in this communication are “forward-looking statements.” These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future engagement with Findell and the proxy contest, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.
Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com
Innisfree M&A Incorporated
Scott Winter / Gabrielle Wolf / Jonathan Kovacs
(212) 750-5833
Media Contact
FGS Global
John Christiansen / Bryan Locke
Oportun@fgsglobal.com
FAQ
What is Travel + Leisure Co. (TNL) filing on Form 144?
How many TNL shares are planned for sale and what is their value?
What percentage of TNL’s shares outstanding does this represent?
When is the planned sale date for the TNL shares?
Where will the TNL shares be sold and through which broker?
What is the source of the shares being sold?
