Form 4: Oportun CFO Jonathan Coblentz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jonathan Coblentz, CFO of Oportun Financial Corp, reports the withholding of shares by the issuer to cover tax obligations related to vesting restricted stock units, resulting in adjustments to his beneficial ownership.
Summary
- On March 10, 2025, Oportun Financial Corp withheld shares from Jonathan Coblentz, the CFO & Chief Admin Officer, to satisfy tax obligations related to the vesting of previously reported restricted stock units.
- These transactions resulted in a decrease in the number of common stock shares directly owned by Coblentz.
- Specifically, 1,385 shares, 5,831 shares, 2,180 shares and 2,577 shares were withheld.
- Following these transactions, Coblentz directly owns 220,509 shares of common stock.
- Coblentz also indirectly owns 298,280 shares through the Jonathan A. Coblentz Revocable Trust U/A/D 3/31/2017, for which he serves as Trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership due to tax obligations, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they relate to routine tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/31/2017 | Date of the Jonathan A. Coblentz Revocable Trust U/A/D |
| 03/10/2025 | Date of the transactions involving the withholding of shares for tax obligations |
| 03/12/2025 | Date of signature for the report |
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