Forager group discloses 9.8% Oportun Financial (OPRT) stake in Schedule 13G/A

Rhea-AI Filing Summary

Oportun Financial Corporation has a significant shareholder group led by Forager Fund, L.P. and its general partner, Forager Capital Management, LLC, together with Edward Kissel and Robert MacArthur. These reporting persons collectively report beneficial ownership of 4,512,045 shares of Oportun’s common stock.

This position represents 9.8% of the 45,902,567 shares of common stock outstanding as of June 16, 2026, based on the company’s definitive proxy statement. The Fund and its general partner hold sole voting and dispositive power over the 4,512,045 shares, while Messrs. Kissel and MacArthur share voting and dispositive power over the same shares, reflecting their roles in managing the investment rather than direct individual ownership.

Key Figures

Shares beneficially owned: 4,512,045 shares Ownership percentage: 9.8% Shares outstanding: 45,902,567 shares +2 more

5 metrics

Shares beneficially owned 4,512,045 shares Common stock beneficially owned in aggregate by the reporting persons

Ownership percentage 9.8% Percentage of Oportun common stock class held by the reporting persons

Shares outstanding 45,902,567 shares Total common stock outstanding as of June 16, 2026, per definitive proxy

Sole voting power (Fund/GP) 4,512,045 shares Shares over which Forager Fund, L.P. and its general partner have sole voting power

Shared voting power (Kissel, MacArthur) 4,512,045 shares Shares over which Edward Kissel and Robert MacArthur have shared voting power

Key Terms

beneficially own, sole voting power, shared dispositive power, Schedule 13G/A

4 terms

beneficially own financial

"The Reporting Persons, in the aggregate, beneficially own 4,512,045 shares of common stock"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Each of the Fund and the General Partner has the sole power to vote or to direct the vote"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared dispositive power financial

"Each of Messrs. Kissel and MacArthur has the shared power to dispose or to direct the disposition"

Schedule 13G/A regulatory

"This joint statement on /A is being filed by Forager Fund, L.P."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/23/2026 - 02:45 PM Accepted by SEC EDGAR 07/23/2026 - 02:45 PM Learn about SEC filing dates

FAQ

How many OPRT shares do the Forager reporting persons beneficially own?

The reporting persons beneficially own 4,512,045 shares of Oportun Financial Corporation common stock. This total reflects the aggregate position held by Forager Fund, L.P., its general partner, and related individuals as disclosed in the Schedule 13G/A amendment.

What percentage of OPRT’s outstanding shares is held by the Forager group?

The Forager reporting persons hold 9.8% of Oportun’s common stock. This percentage is based on 45,902,567 shares outstanding as of June 16, 2026, as disclosed in the company’s definitive proxy statement.

Who are the reporting persons in the OPRT Schedule 13G/A filing?

The reporting persons are Forager Fund, L.P., Forager Capital Management, LLC, and individuals Edward Kissel and Robert MacArthur. The fund and its general partner are organized in Delaware; Kissel and MacArthur are U.S. citizens based in Birmingham, Alabama.

Who has voting and dispositive power over the OPRT shares held by Forager?

Forager Fund, L.P. and Forager Capital Management, LLC have sole voting and dispositive power over 4,512,045 shares. Messrs. Kissel and MacArthur have shared voting and dispositive power over the same 4,512,045 shares, reflecting their roles in managing the position.

What is the reference date for the OPRT ownership percentages in this filing?

The ownership percentages use a total of 45,902,567 shares outstanding as of June 16, 2026. That share count comes from Oportun Financial Corporation’s definitive proxy statement filed on June 29, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Oportun Financial Corporation

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

68376D104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 68376D104

1

Names of Reporting Persons

Forager Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,512,045.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,512,045.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,512,045.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 68376D104

1

Names of Reporting Persons

Forager Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,512,045.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,512,045.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,512,045.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 68376D104

1

Names of Reporting Persons

Kissel Edward Urban

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,512,045.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,512,045.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,512,045.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP Number(s): 68376D104

1

Names of Reporting Persons

MacArthur Robert Symmes

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,512,045.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,512,045.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,512,045.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Oportun Financial Corporation
(b)	Address of issuer's principal executive offices: 1825 South Grant Street, Suite 850, San Mateo, CA 94402
Item 2.
(a)	Name of person filing: This joint statement on Schedule 13G/A is being filed by Forager Fund, L.P., a Delaware limited partnership (the "Fund"), Forager Capital Management, LLC, a Delaware limited liability company and the general partner of the Fund (the "General Partner"), Edward Kissel and Robert MacArthur (collectively, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: The business address of each of the Reporting Persons is 2025 3rd Ave. N, Suite 350, Birmingham, AL 35203.
(c)	Citizenship: The Fund is a Delaware limited partnership. The General Partner is a Delaware limited liability company. Each of Messrs. Kissel and MacArthur is a citizen of the United States.
(d)	Title of class of securities: Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 68376D104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The Reporting Persons, in the aggregate, beneficially own 4,512,045 shares of common stock, $0.0001 par value per share, of the Issuer ("Common Stock").
(b)	Percent of class: 9.8%. The percentages of beneficial ownership reported herein, and on each Reporting Person's cover page to this Schedule 13G/A, are based on a total of 45,902,567 shares of Common Stock issued and outstanding as of June 16, 2026, as reported in the Issuer's definitive proxy statement filed with the Securities and Exchange Commission on June 29, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Each of the Fund and the General Partner has the sole power to vote or to direct the vote of 4,512,045 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to vote or to direct the vote of 0 shares of Common Stock.
	(ii) Shared power to vote or to direct the vote: Each of the Fund and the General Partner has the shared power to vote or to direct the vote of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to vote or to direct the vote of 4,512,045 shares of Common Stock.
	(iii) Sole power to dispose or to direct the disposition of: Each of the Fund and the General Partner has the sole power to dispose or to direct the disposition of 4,512,045 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to dispose or to direct the disposition of 0 shares of Common Stock.
	(iv) Shared power to dispose or to direct the disposition of: Each of the Fund and the General Partner has the shared power to dispose or to direct the disposition of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to dispose or to direct the disposition of 4,512,045 shares of Common Stock.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Forager Capital Management, LLC

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	07/23/2026

Forager Fund, L.P.

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner of the sole general partner
Date:	07/23/2026

Kissel Edward Urban

Signature:	/s/ Edward Kissel
Name/Title:	Director
Date:	07/23/2026

MacArthur Robert Symmes

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	07/23/2026

Exhibit Information

Exhibit 24.1 - Power of Attorney, dated October 15, 2025, by Edward Kissel, incorporated herein by reference to Exhibit 24.1 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on October 15, 2025 (https://www.sec.gov/Archives/edgar/data/1720592/000110465926006144/tm263876d1_ex24-1.htm) Exhibit 24.2 - Power of Attorney, dated October 15, 2025, by Robert MacArthur, incorporated herein by reference to Exhibit 24.2 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on October 15, 2025 (https://www.sec.gov/Archives/edgar/data/1720592/000110465926006144/tm263876d1_ex24-2.htm) Exhibit 99.1 - Joint Filing Agreement, dated October 15, 2025, by and among the reporting persons, incorporated herein by reference to Exhibit 99.1 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on October 15, 2025 (https://www.sec.gov/Archives/edgar/data/1720592/000110465926006144/tm263876d1_ex99-1.htm)