Kirscht Patrick 4

What Happened
Patrick Kirscht, Chief Credit Officer of Oportun Financial Corp (OPRT), reported multiple open‑market/private sales totaling 54,299 shares on March 10, 2026, at a weighted average price of $4.90 for gross proceeds of about $266,065. On the same date he was also granted 75,047 restricted stock units (RSUs) and 37,524 performance stock units (PSUs) (awards reported as acquisitions).

Key Details

• Transaction dates: March 10, 2026 (sales and awards); Form 4 filed March 12, 2026 (timely filing).
• Sales: 12,099; 8,666; 14,172; and 19,362 shares sold (total 54,299). Weighted average sale price $4.90; price range reported $4.805–$4.995 per share (footnote F1). Total proceeds ≈ $266,065.
• Awards: 75,047 RSUs (F2–F3) and 37,524 PSUs (F4–F5) granted; acquisition values not reported.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note: F1 explains weighted average price and range; F2–F3 describe RSU vesting in three equal annual installments commencing March 10, 2026 (each RSU = one share); F4–F5 describe PSUs tied to a one‑year Economic ROA measure, deferred and subject to a 3‑year relative TSR modifier against the Russell 3000, with vesting scheduled March 10, 2029 and payout range 0%–125% of target units.

Context
The sales were open‑market/private dispositions (code S) and generated cash proceeds; the grants are awards (code A) that are subject to service and performance vesting and therefore do not represent immediate ownership of shares. Sales by officers can be routine or for liquidity/tax purposes; awards indicate ongoing incentive compensation but are contingent on vesting conditions.