---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-138972"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:50:11.071341+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oportun names interim Office of the CEO as Raul Vazquez departs; CEO search ongoing

## Summary
- Raul Vazquez transitions from CEO to non-employee advisor effective April 3, 2026; steps down from Board same day.
- Kathleen Layton (Chief Legal Officer) and Gaurav Rana (SVP, Lending) appointed as co-principal executive officers in joint Office of the CEO effective April 4, 2026.
- Both receive $35,000/month base salary increase during interim period; Layton's base salary becomes $485,000 annually, Rana's $470,750.
- CEO search is progressing; Board has engaged with a compelling list of candidates per Lead Independent Director Louis Miramontes.
- Vazquez will serve as an advisor to the Company through July 3, 2026 to ensure smooth transition.

## SEC filing metadata
- accession: 0001193125-26-138972
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000119312526138972/0001193125-26-138972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000119312526138972/d104568d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-138972
- JSON: https://secwatch.observer/filing/0001193125-26-138972.json
- Plain text: https://secwatch.observer/filing/0001193125-26-138972.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.