---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-21-000137"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2021-07-12T23:59:59+00:00"
generated_at: "2026-06-30T06:04:33.408817+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Oportun redeems $275M Series 2018-C Notes; appoints two new independent directors

## Summary
- Redeemed Series 2018-C Notes for $275.0M on July 8, 2021; funded via secured facility, 2021-B securitization, and cash.
- Appointed Ginny Lee and Sandra Smith as independent directors, expanding board to nine, effective Sept 1, 2021.
- Ms. Lee was President/COO of Khan Academy; Ms. Smith former CFO of Segment (acquired by Twilio).
- Each new director receives prorated $125K RSU award; annual cash compensation of $40K plus committee fees.
- Board now includes 6 of 9 members identifying as women or persons of color.

## SEC filing metadata
- accession: 0001538716-21-000137
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2021-07-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/0001538716-21-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/oprt-20210708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-21-000137
- JSON: https://secwatch.observer/filing/0001538716-21-000137.json
- Plain text: https://secwatch.observer/filing/0001538716-21-000137.txt

## Key facts
- Executive change
  Ginny Lee was appointed as Director at Oportun Financial Corp.
  - Action: appointed
  - Role: Director
  source text: approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/0001538716-21-000137-index.htm
- Executive change
  Sandra Smith was appointed as Director at Oportun Financial Corp.
  - Action: appointed
  - Role: Director
  source text: approved an increase in the number of directors on the Board from seven to nine and appointed Ginny Lee and Sandra Smith to serve as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/0001538716-21-000137-index.htm

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