Layton Kathleen I. 4
4 · Oportun Financial Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Oportun (OPRT) CLO Kathleen Layton Sells Shares, Receives Awards
What Happened
- Kathleen I. Layton, Chief Legal Officer of Oportun Financial Corp (OPRT), reported open-market dispositions and the grant of equity awards dated March 10, 2026. She sold a total of 19,355 shares in multiple open-market transactions for an aggregate reported value of $94,839 (weighted average price $4.90).
- On the same date she was granted 70,357 restricted stock units (RSUs) and 35,179 performance stock units (PSUs). The RSUs are time‑based awards; the PSUs are performance-based (reported at target) and both represent rights to receive common shares upon settlement.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
- Sales recorded: 1,398 shares @ $4.90 ($6,850); 5,556 shares @ $4.90 ($27,224); 12,401 shares @ $4.90 ($60,765). Footnote F1: $4.90 is a weighted average; actual trade prices ranged $4.805–$4.995. Reporting person can provide per-price breakdown on request.
- Awards recorded: 70,357 RSUs (time‑based) and 35,179 PSUs (performance-based). Prices listed as N/A because these are awards, not purchases.
- Vesting/settlement notes: RSUs vest in three equal annual installments beginning March 10, 2026 (F2–F3). Each RSU and PSU converts to one share at settlement (F3, F5). PSUs are subject to a one‑year Economic ROA performance determination, deferred rules, and an rTSR modifier over a three‑year period (2026–2028) with final vesting scheduled March 10, 2029; payout range 0%–125% of target (F4).
- Shares owned after transactions: not specified in the provided filing.
Context
- The disposals were open-market sales (code S) and the equity grants are awards (code A). Sales are often routine transactions; the grants are compensation and incentive awards subject to service and performance conditions. No exercise of options, gifts, or tax-withholding event is shown in this filing.
Insider Transaction Report
Form 4
Layton Kathleen I.
Chief Legal Officer
Transactions
- Sale
Common Stock
[F1]2026-03-10$4.90/sh−1,398$6,850→ 243,829 total - Sale
Common Stock
[F1]2026-03-10$4.90/sh−5,556$27,224→ 238,273 total - Sale
Common Stock
[F1]2026-03-10$4.90/sh−12,401$60,765→ 225,872 total - Award
Common Stock
[F2][F3]2026-03-10+70,357→ 296,229 total - Award
Performance Stock Units
[F4][F5]2026-03-10+35,179→ 35,179 totalExp: 2029-03-10→ Common Stock (35,179 underlying)
Footnotes (5)
- [F1]Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.805 to $4.995 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2026, subject to the continued service of the Reporting Person on each vesting date.
- [F3]Each RSU represents the right to receive, at settlement, one share of common stock.
- [F4]Represents PSUs that are eligible to vest based on a one-year performance period for Economic ROA (as defined in the PSU Award Agreement). Earned PSUs will be deferred until the end of year three, at which point they will be subject to a modifier based on the Issuer's relative total shareholder return (rTSR) performance against the Russell 3000 Index before vesting. The rTSR performance period spans three (3) years covering calendar years 2026 through 2028. The number of PSUs reported in the table reflects the number of units subject to the award at target achievement. Actual vesting will be based on percentile performance, with potential payout ranging from 0% to 125% of the target units. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that become Eligible Units (as defined in the PSU Award Agreement) will be scheduled to vest on March 10, 2029.
- [F5]Each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
Signature
Kathleen Layton|2026-03-13