Oportun Financial Corp (OPRT) executive files detailed initial ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Oportun Financial Corp executive Gaurav Rana, CO-PEO and GM of Lending, has filed an initial ownership report showing his equity position in the company. He directly owns 180,031 shares of common stock, which include multiple unvested restricted stock unit awards, and 25 additional shares held indirectly by his spouse.
Rana also holds several stock option grants over Oportun common stock: 4,228 shares at an exercise price of $23.65 expiring on August 31, 2027, 10,775 shares at $18.04 expiring on June 27, 2029, and further options with exercise prices of $19.00, $21.26 and $13.26 expiring between March 9, 2030 and March 9, 2032. One of the reported options is fully vested, while the RSU awards vest in equal annual installments through 2027 and 2028, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Rana Gaurav
Role
CO-PEO, GM OF LENDING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 4,228 shares (Direct);
Common Stock — 180,031 shares (Direct);
Common Stock — 25 shares (Indirect, By Spouse)
Footnotes (1)
- Includes 6,789 unvested restricted stock units ("RSUs") from a previous grant dated June 14, 2024. 1/3 of the total number of shares subject to the RSU award vests annually until the award is fully vested on March 10, 2027, subject to the continued service of the Reporting Person on each vesting date. Includes 23,405 unvested RSUs from a previous grant dated December 20, 2024. 1/3 of the total number of shares subject to the RSU award vests annually until the award is fully vested on December 10, 2027, subject to the continued service of the Reporting Person on each vesting date. Includes 80,306 unvested RSUs from a previous grant dated December 31, 2025. 1/3 of the total number of shares subject to the RSU award vests annually until the award is fully vested on December 10, 2028, subject to the continued service of the Reporting Person on each vesting date. Shares of Common Stock owned by the Reporting Person's spouse. The Stock Option is fully vested.
Key Figures
Direct common shares: 180,031 shares
Indirect common shares: 25 shares
Option at $23.65: 4,228 underlying shares
+5 more
8 metrics
Direct common shares
180,031 shares
Total common stock directly owned as of Form 3
Indirect common shares
25 shares
Common stock held by spouse, indirect ownership
Option at $23.65
4,228 underlying shares
Stock option exercise price $23.65, expiring August 31, 2027
Option at $18.04
10,775 underlying shares
Stock option exercise price $18.04, expiring June 27, 2029
Option at $19.00
12,950 underlying shares
Stock option exercise price $19.00, expiring March 9, 2030
Option at $21.26
4,856 underlying shares
Stock option exercise price $21.26, expiring March 9, 2031
Option at $13.26
17,529 underlying shares
Stock option exercise price $13.26, expiring March 9, 2032
Unvested RSUs
6,789; 23,405; 80,306 units
Three RSU grants vesting annually through 2027 and 2028
Key Terms
Stock Option (Right to Buy), restricted stock units ("RSUs"), CO-PEO, GM OF LENDING, unvested RSUs, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying Common Stock"
restricted stock units ("RSUs") financial
"Includes 6,789 unvested restricted stock units ("RSUs") from a previous grant"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
CO-PEO, GM OF LENDING financial
"officer_title: "CO-PEO, GM OF LENDING""
unvested RSUs financial
"Includes 23,405 unvested RSUs from a previous grant dated December 20, 2024"
fully vested financial
"The Stock Option is fully vested."
FAQ
What does the Form 3 filing by Oportun (OPRT) executive Gaurav Rana show?
The Form 3 shows Gaurav Rana’s initial ownership in Oportun. He directly holds 180,031 common shares, 25 additional shares via his spouse, and multiple stock option and RSU awards that vest over several years, all as part of his executive compensation package.
What stock options in Oportun (OPRT) does Gaurav Rana report on Form 3?
He reports several stock option grants to buy Oportun common stock, including 4,228 underlying shares at $23.65 expiring August 31, 2027 and 10,775 shares at $18.04 expiring June 27, 2029, plus additional grants with later expiration dates and different exercise prices.
Are any of Gaurav Rana’s Oportun (OPRT) stock options already fully vested?
Yes. One of the reported stock option awards is described as fully vested in the filing footnotes. This means all shares under that particular option grant are already exercisable, while other equity awards continue to vest over future years.
What restricted stock units (RSUs) does Gaurav Rana hold in Oportun (OPRT)?
He holds several unvested RSU awards: 6,789 units from a June 14, 2024 grant, 23,405 units from a December 20, 2024 grant, and 80,306 units from a December 31, 2025 grant. Each vests in three annual installments, subject to his continued service.
Over what period will Gaurav Rana’s Oportun (OPRT) RSUs vest?
The RSUs vest annually in three equal installments. The June 14, 2024 grant fully vests by March 10, 2027, the December 20, 2024 grant by December 10, 2027, and the December 31, 2025 grant by December 10, 2028, assuming continued service.