Oportun Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
January 10 2024 - 4:15PM
Oportun (Nasdaq: OPRT), a mission-driven fintech, today
announced that on September 10, 2023, it granted a total of 165,887
restricted stock units to 5 new employees who joined Oportun prior
to September 10, 2023. On December 10, 2023, it granted a total of
41,709 restricted stock units to 16 new employees who joined
Oportun prior to December 10, 2023. The grants were made from the
Oportun 2021 Inducement Equity Incentive Plan. The restricted stock
unit awards have a four-year vesting term and 25% will vest on the
one-year anniversary of the grant date, with the balance vesting in
twelve substantially equal quarterly installments thereafter,
subject to continued employment or service through each vesting
date.
About OportunOportun (Nasdaq: OPRT) is a
mission-driven fintech that puts its 2.1 million members' financial
goals within reach. With intelligent borrowing, savings, and
budgeting capabilities, Oportun empowers members with the
confidence to build a better financial future. Since inception,
Oportun has provided more than $17.2 billion in responsible and
affordable credit, saved its members more than $2.4 billion in
interest and fees, and helped its members save an average of more
than $1,800 annually. For more information, visit Oportun.com.
Oportun Investor Contact Dorian Hare(650)
590-4323ir@oportun.com
Oportun Media ContactUsher Lieberman(650)
769-9414usher.lieberman@oportun.com
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