{"schema_version":"secwatch.filing_event.v1","accession":"0001538716-23-000014","form_type":"8-K","ticker":"OPRT","cik":"0001538716","company_name":"Oportun Financial Corp","filed_at":"2023-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.496682+00:00","generated_at":"2026-06-19T20:13:30.006718+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Oportun cuts 10% of staff (~155 employees); expects $5-6M charge, $38M annual savings; provides preliminary Q4 results","bullets":["Reducing corporate staff by 10%, impacting ~155 employees, and cutting external contractor spending.","Expects non-recurring pre-tax charges of $5M to $6M in Q1 2023.","Anticipates annualized run-rate savings of ~$38M in compensation and benefits beginning 2023.","Announced preliminary Q4 2022 financial results; specific figures not disclosed in this release."],"urls":{"canonical":"https://secwatch.observer/filing/0001538716-23-000014","json":"https://secwatch.observer/filing/0001538716-23-000014.json","markdown":"https://secwatch.observer/filing/0001538716-23-000014.md","text":"https://secwatch.observer/filing/0001538716-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538716/000153871623000014/0001538716-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538716/000153871623000014/oprt-20230209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T20:13:30.006718+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":"b9920c8c00630eea9e2e3fbf6b2fc5f5db9042e1","claim":"Oportun Financial Corp reported preliminary financial results for the fourth quarter ended December 31, 2022.","evidence_excerpt":"On February 9, 2023, Oportun Financial Corporation (the “Company”) issued a press release announcing select preliminary financial results and operating metrics for the fourth quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871623000014/0001538716-23-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"854f0d186cd82660eb7ec2f1d99f540609be56ed","claim":"Oportun Financial Corp announced a restructuring with charges of $5 million to $6 million (approximately 155 employees).","evidence_excerpt":"In relation to these and other personnel related activities, management expects to incur non-recurring, pre-tax charges of $5 million to $6 million in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871623000014/0001538716-23-000014-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$5 million to $6 million"},{"label":"Headcount","value":"approximately 155 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}