{"schema_version":"secwatch.filing_event.v1","accession":"0001538716-21-000174","form_type":"8-K","ticker":"OPRT","cik":"0001538716","company_name":"Oportun Financial Corp","filed_at":"2021-09-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.508139+00:00","generated_at":"2026-06-29T06:27:09.815060+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Oportun expands board to 11, appoints Roy Banks and Rick Welts as independent directors","bullets":["Appointments effective September 1, 2021; board grew from 9 to 11 members.","Roy Banks, CEO of Weave Communications, joins Credit Risk and Finance Committee.","Rick Welts, former Golden State Warriors President/COO, joins Compensation and Nominating committees.","Both receive standard director compensation: $125K prorated RSU and annual cash of $40K plus committee fees.","Board now includes 8 of 11 members from underrepresented groups."],"urls":{"canonical":"https://secwatch.observer/filing/0001538716-21-000174","json":"https://secwatch.observer/filing/0001538716-21-000174.json","markdown":"https://secwatch.observer/filing/0001538716-21-000174.md","text":"https://secwatch.observer/filing/0001538716-21-000174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538716/000153871621000174/0001538716-21-000174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538716/000153871621000174/oprt-20210831.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T06:27:09.815060+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b2c7f8a7b","claim":"Roy Banks was appointed as Director at Oportun Financial Corp.","evidence_excerpt":"appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871621000174/0001538716-21-000174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4506733880","claim":"Frederic (Rick) Welts was appointed as Director at Oportun Financial Corp.","evidence_excerpt":"appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871621000174/0001538716-21-000174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}