Form 4: Oportun Financial Corp: CFO Jonathan Coblentz Reports Stock Transactions
SEC Form 4
CFO Jonathan Coblentz reports the vesting of restricted stock units and subsequent tax withholding by Oportun Financial Corp.
Summary
- On March 15, 2024, Jonathan Coblentz, CFO & Chief Admin Officer of Oportun Financial Corp, reported transactions involving common stock.
- 7,895 restricted stock units vested and were converted into common stock.
- The issuer withheld shares to cover tax obligations related to the vesting of these restricted stock units.
- The price per share for tax withholding purposes was $3.52.
- Following these transactions, Coblentz directly owns 213,856 shares of common stock and indirectly owns 272,780 shares through a revocable trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 03/10/2020 | Start date for restricted stock units vesting over four years annually. |
| 03/31/2017 | Date of the Jonathan A. Coblentz Revocable Trust U/A/D. |
| 03/15/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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