Form 4: Oportun Financial Corp CEO Raul Vazquez Reports Changes in Beneficial Ownership

Raul Vazquez, CEO of Oportun Financial Corp, reports the withholding of shares by the issuer to cover tax obligations related to vesting restricted stock units.

Summary

• Raul Vazquez, the CEO of Oportun Financial Corporation, filed a Form 4 with the SEC on March 12, 2025.
• The form details changes in his beneficial ownership of Oportun Financial Corp [OPRT] common stock due to the withholding of shares by the issuer to satisfy tax obligations.
• On March 10, 2025, 4,092 shares were withheld, reducing his direct holdings to 1,253,236 shares.
• Subsequently, 17,645 shares were withheld, further reducing his direct holdings to 1,235,591 shares.
• An additional 20,976 shares were withheld, bringing his direct holdings down to 1,214,615 shares.
• Finally, 20,986 shares were withheld, resulting in direct holdings of 1,193,629 shares.
• Vazquez also indirectly owns 233,709 shares through a family trust where 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stock ownership.

Key Dates