---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-26-000004"
form_type: "8-K"
ticker: null
cik: "0001416265"
company_name: "PROSPER MARKETPLACE, INC"
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:20:11.156436+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Prosper amends credit card program agreement with Coastal Community Bank, extends term to Dec 2027

## Summary
- Program fee paid by Prosper to Coastal reduced; term extended through December 31, 2027.
- Coastal's receivables balance increased to $375 million from $350 million.
- Coastal granted right to adjust new customer allocation from 5% down to 0%.
- Reserve account balance modified, with specified funding process outlined.
- Coastal receives certain exclusivity rights subject to terms and conditions.

## SEC filing metadata
- accession: 0001552781-26-000004
- form_type: 8-K
- cik: 0001416265
- company_name: PROSPER MARKETPLACE, INC
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1416265/000155278126000004/0001552781-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1416265/000155278126000004/e26014_prosper-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-26-000004
- JSON: https://secwatch.observer/filing/0001552781-26-000004.json
- Plain text: https://secwatch.observer/filing/0001552781-26-000004.txt

## Key facts
- Material Agreements
  PROSPER MARKETPLACE, INC entered into Third Amendment to the First Amended and Restated Program Agreement with Coastal Community Bank valued at Reduces program fee, extends term to December 31, 2027, grants exclusivity rights, increases receiva (effective 2025-12-31).
  - Action: entry
  - Counterparty: Coastal Community Bank
  - Value: Reduces program fee, extends term to December 31, 2027, grants exclusivity rights, increases receiva
  - Effective: 2025-12-31
  source text: On December 31, 2025, Prosper Marketplace, Inc. (the “Company”) entered into a Third Amendment (the “Third Amendment”) to the First Amended and Restated Program Agreement dated August 16, 2023 (as further amended and restated, the “Agreement”) with Coastal Community Bank (“Coastal”), that governs the Company’s partnership with Coastal through which eligible consumers are extended unsecured credit through Prosper-branded credit cards. Defined terms used herein and not defined shall have the meaning set forth in the Agreement. The Third Amendment, among other things, reduces the program fee paid by the Company to Coastal, extends the term of the Agreement through December 31, 2027, and grants Coastal certain exclusivity rights subject to the terms and conditions set forth therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1416265/000155278126000004/0001552781-26-000004-index.htm

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