Oportun Financial (OPRT) CCO sells shares and receives new stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oportun Financial Corp Chief Credit Officer Patrick Kirscht reported stock awards and open-market sales. He received 37,524 Performance Stock Units, each tied to one share of common stock and eligible to vest based on multi-year performance and service conditions. He was also granted 75,047 Restricted Stock Units that vest in three equal annual installments starting on March 10, 2026.
On the same date, Kirscht sold a total of 54,299 common shares in open-market transactions at a weighted average price of about $4.90 per share, with individual trade prices ranging from $4.805 to $4.995. Following these transactions and awards, he directly holds 514,665 shares of common stock, plus unvested performance and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 54,299 shares ($266,065)
Net Sell
6 txns
Insider
Kirscht Patrick
Role
Chief Credit Officer
Sold
54,299 shs ($266K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 37,524 | $0.00 | -- |
| Sale | Common Stock | 12,099 | $4.90 | $59K |
| Sale | Common Stock | 8,666 | $4.90 | $42K |
| Sale | Common Stock | 14,172 | $4.90 | $69K |
| Sale | Common Stock | 19,362 | $4.90 | $95K |
| Grant/Award | Common Stock | 75,047 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 37,524 shares (Direct);
Common Stock — 481,818 shares (Direct)
Footnotes (1)
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.805 to $4.995 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Restricted Stock Units (RSU) vest in 3 equal annual installments from the vesting commencement date of March 10, 2026, subject to the continued service of the Reporting Person on each vesting date. Each RSU represents the right to receive, at settlement, one share of common stock. Represents PSUs that are eligible to vest based on a one-year performance period for Economic ROA (as defined in the PSU Award Agreement). Earned PSUs will be deferred until the end of year three, at which point they will be subject to a modifier based on the Issuer's relative total shareholder return (rTSR) performance against the Russell 3000 Index before vesting. The rTSR performance period spans three (3) years covering calendar years 2026 through 2028. The number of PSUs reported in the table reflects the number of units subject to the award at target achievement. Actual vesting will be based on percentile performance, with potential payout ranging from 0% to 125% of the target units. In addition to such performance requirements, the PSUs are subject to satisfying service-based requirements and any PSUs that become Eligible Units (as defined in the PSU Award Agreement) will be scheduled to vest on March 10, 2029. Each Performance-Based RSU (PSU) represents the right to receive, at settlement, one share of common stock.
FAQ
What insider transactions did Oportun (OPRT) Chief Credit Officer Patrick Kirscht report?
Patrick Kirscht reported both stock awards and share sales. He received new performance and restricted stock unit grants and sold 54,299 Oportun common shares in open-market transactions, all dated March 10, 2026, at prices around $4.90 per share.
What equity awards did Patrick Kirscht receive from Oportun (OPRT)?
Kirscht received both RSU and PSU awards. He was granted 75,047 Restricted Stock Units vesting in three equal annual installments from March 10, 2026, and 37,524 Performance Stock Units tied to Economic ROA and relative total shareholder return performance through 2028.
How do Patrick Kirscht’s new Oportun (OPRT) PSUs vest?
The PSUs vest based on performance and service. They are tied to a one-year Economic ROA period and a three-year relative total shareholder return modifier from 2026–2028, with possible payout from 0% to 125% of target, subject to ongoing service requirements.
What are the key dates for Patrick Kirscht’s Oportun (OPRT) stock awards?
Several future vesting dates are defined. RSUs begin vesting on March 10, 2026, in three annual installments, while PSUs relate to performance over calendar years 2026–2028 and any Eligible Units are scheduled to vest on March 10, 2029.