secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2026-08-25T20:45:12+00:00
Accession:  0001538716-26-000096
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oportun amends executive severance and change-in-control policy effective Aug 19, 2026
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- Covers CEO Doug Bland, Kathleen Layton (CLO), Joseph Schueller (Controller), Sean Rowles (CRO).
- Non-CIC termination: CEO 18 months salary+COBRA+12-mo equity vesting; Tier I 12 months; Tier II 9 months.
- CIC termination: CEO/Tier I 18 months salary, 1.5x target bonus, full vest; Tier II 12 months, 1x bonus.
- Benefits conditioned on release of claims, resignation from officer/director posts, and covenant compliance.
- Policy supersedes prior version effective Nov 29, 2018; filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871626000096/0001538716-26-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871626000096/oprt-20260819.htm
  HTML page:      https://secwatch.observer/filing/0001538716-26-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer