Form 4: Oportun Financial Corp: Chief Legal Officer Kathleen Layton Reports Stock Disposals to Cover Tax Obligations

Kathleen I. Layton, Chief Legal Officer of Oportun Financial Corp, reported the disposal of common stock shares on March 15, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On March 15, 2024, Kathleen I. Layton, the Chief Legal Officer of Oportun Financial Corp, filed a Form 4 with the SEC.
• The filing reports the disposal of common stock to satisfy the reporting person's minimum tax obligation in respect of the shares issued upon vesting of a restricted stock unit.
• A total of 8,362 shares of common stock were disposed of at a weighted average price of $3.03.
• The price range for the shares sold was between $2.80 and $3.24 per share.
• Following the reported transactions, Layton beneficially owns 77,338 shares of Oportun Financial Corp.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any significant positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Key Dates