[Form 4] Oportun Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

Oportun Financial (OPRT) director Louis Miramontes received an award of 3,644 restricted stock units (RSUs) on 08/21/2025, increasing his reported beneficial ownership to 93,930 shares. The RSUs vest in four equal installments: October 18, 2025; January 18, 2026; April 18, 2026; and upon the earlier of the day before the issuer's 2026 annual meeting or July 18, 2026, provided he remains in service. Each RSU converts to one share of common stock at settlement. No derivative transactions were reported. The Form 4 was signed by Kathleen Layton as attorney-in-fact on 08/21/2025.

Positive

• Time-based RSU award aligns the director's interests with shareholders through multi-date vesting.
• Clear vesting schedule across four dates through mid-2026 provides transparency on when shares will be delivered.

Negative

• Settlement of RSUs will increase shares outstanding when converted, potentially causing modest dilution upon vesting.

Insights

Financial Analyst

TL;DR: Routine director equity award increases insider ownership and vests over four scheduled dates, aligning interests with shareholders.

The reported award of 3,644 RSUs is a straightforward compensation grant that raises the reporting person’s beneficial ownership to 93,930 shares. The vesting schedule is clearly defined across four dates through mid-2026 and each RSU converts to one share at settlement. There are no option exercises or dispositions reported. For investors this is a routine governance and compensation disclosure rather than a material corporate event.

Corporate Governance Expert

TL;DR: Standard retention-oriented RSU grant with time-based vesting; disclosure follows Section 16 reporting requirements.

The Form 4 documents a time-vested RSU award to a director, which is commonly used to retain board members and align incentives. Vesting in four equal tranches and the one-for-one share settlement are typical terms. The filing discloses no unusual acceleration triggers or derivatives. This is a routine governance matter and does not indicate a change in board composition or control.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miramontes Louis

(Last) (First) (Middle)

C/O OPORTUN FINANCIAL CORPORATION

2 CIRCLE STAR WAY

(Street)

SAN CARLOS CA 94070

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Oportun Financial Corp [ OPRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2025		A		3,644(1)	A	(2)	93,930	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of restricted stock units that will vest one-fourth on each of October 18, 2025, January 18, 2026, April 18, 2026, and upon the earlier of (i) the date immediately preceding the Issuer's 2026 annual stockholder meeting or (ii) July 18, 2026, subject to the Reporting Person's continued service through such date.

2. Each RSU represents the right to receive, at settlement, one share of common stock.

Remarks:

	/s/Kathleen Layton (Attorney-in-Fact)	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Louis Miramontes report on Form 4 for OPRT?

The Form 4 reports an award of 3,644 restricted stock units (RSUs) received on 08/21/2025.

How many shares does Louis Miramontes beneficially own after the reported transaction?

Following the transaction the reporting person beneficially owns 93,930 shares of common stock.

When do the RSUs vest and convert to shares?

The RSUs vest one-fourth on each of 10/18/2025, 01/18/2026, 04/18/2026, and upon the earlier of the day before the 2026 annual meeting or 07/18/2026, subject to continued service; each RSU converts to one share at settlement.

Were any derivative securities reported in this filing?

No derivative securities (options, warrants, or convertible instruments) were reported in Table II of this Form 4.

Who signed the Form 4 and when?

The Form 4 was signed by Kathleen Layton (Attorney-in-Fact) on 08/21/2025.