Oportun appoints Doug Bland as CEO effective April 20, replacing joint Office of CEO

Oportun Financial Corp

Doug Bland named CEO and Class III director, effective April 20, 2026; Kathleen Layton and Gaurav Rana leave joint Office of CEO roles.
Bland's compensation: $750K base salary, 125% target bonus, $500K signing bonus (quarterly vesting), $5M equity award (50% RSU/50% PSU), $500K cash retention award.
Inducement Plan amended to increase reserved shares by 1.2M to total 2.305M; 1.6645M available for future grants.
Bland previously SVP & GM Consumer Business at PayPal; will step down from WebBank board upon joining.
Bland brings over 30 years experience in consumer finance, including leading PayPal's global credit business.

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