0001179110-19-010653.txt : 20190925
0001179110-19-010653.hdr.sgml : 20190925
20190925211735
ACCESSION NUMBER: 0001179110-19-010653
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190925
FILED AS OF DATE: 20190925
DATE AS OF CHANGE: 20190925
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Vazquez Raul
CENTRAL INDEX KEY: 0001578544
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39050
FILM NUMBER: 191115395
MAIL ADDRESS:
STREET 1: 500 STAPLES DR.
CITY: FRAMINGHAM
STATE: MA
ZIP: 01702
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Oportun Financial Corp
CENTRAL INDEX KEY: 0001538716
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 453361983
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1600 SEAPORT BLVD., SUITE 250
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
BUSINESS PHONE: (650) 391-0214
MAIL ADDRESS:
STREET 1: 1600 SEAPORT BLVD., SUITE 250
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
FORMER COMPANY:
FORMER CONFORMED NAME: Progreso Financiero Holdings, Inc.
DATE OF NAME CHANGE: 20120104
3
1
edgar.xml
FORM 3 -
X0206
3
2019-09-25
0
0001538716
Oportun Financial Corp
OPRT
0001578544
Vazquez Raul
OPORTUN FINANCIAL CORPORATION
2 CIRCLE STAR WAY
SAN CARLOS
CA
94070
1
1
0
0
Chief Executive Officer
Common Stock
184825
D
Stock Option (Right to Buy)
1.32
2022-04-08
Common Stock
791318
D
Stock Option (Right to Buy)
4.40
2023-07-24
Common Stock
101675
D
Stock Option (right to Buy)
10.23
2024-09-09
Common Stock
136363
D
Stock Option (Right to Buy)
26.73
2025-09-28
Common Stock
3741
D
Stock Option(Right to Buy)
19.69
2026-11-29
Common Stock
145453
D
Stock Option (Right to Buy)
18.04
2029-06-27
Common Stock
140551
D
Restricted Stock Units
Common Stock
58181
D
Restricted Stock Units
Common Stock
117410
D
Restricted Stock Units
Common Stock
71394
D
Restricted Stock Units
Common Stock
76126
D
The option is fully vested.
Twenty-five per cent (25%)of the option shares vested on November 30, 2017 and the balance vests monthly over thirty-six (36) months subject to the Reporting Person's continuous service to the Issuer through each vesting period. The option is early exercisable.
Twenty-five per cent (25%) of the option shares vest on March 3, 2020 and the balance vests monthly over thirty-six (36) months subject to the Reporting Person's continuous service to the Issuer through each vesting period. The option is early exercisable.
The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest over four (4) years from November 30, 2016 with twenty-five percent (25%) vesting on the one year anniversary and the remainder vesting quarterly, provided that the Reporting Person remains in continuous service to the Issuer on each vesting date (the "Service and Vesting Requirement"). In addition to the Service and Vesting Requirement, the shares will only vest upon (i) change in control of the Issuer or (ii) the first trading date following the expiration of the lock-up period applicable in connection with the Issuer's Initial Public Offering of Common Stock, whichever occurs first.
The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest over four (4) years from August 30, 2018 with twenty-five percent (25%) vesting on each one year anniversary, provided that the Reporting Person remains in continuous service to the Issuer on each vesting date. In addition to the Service and Vesting Requirement, the shares will only vest upon (i) change in control of the Issuer or (ii) the first trading date following the expiration of the lock-up period applicable in connection with the Issuer's Initial Public Offering of Common Stock, whichever occurs first.
The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest over four (4) years from March 3, 2019 with twenty-five percent (25%) vesting on each one year anniversary, provided that the Reporting Person remains in continuous service on each vesting date.
The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest over two (2) years from August 1, 2019 with fifty percent (50%) vesting on the first anniversary and the remainder vesting quarterly, provided that the Reporting Person remains in continuous service on each vesting date.
/s/ Kathleen Layton (Attorney-in-Fact)
2019-09-25
EX-24
2
ex24vazquez.txt
POWER OF ATTORNEY
Know all by these presents that the undersigned hereby constitutes and
appoints each of Jonathan Coblentz, Joan Aristei and Kathleen Layton, signing
individually, the undersigned's true and lawful attorneys-in-fact and agents to:
(1) prepare, execute in the undersigned's name and on the undersigned's
behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a
Form ID, including amendments thereto, and any other documents necessary or
appropriate to obtain codes and passwords enabling the undersigned to make
electronic filings with the SEC of reports required by Section 16(a) of the
Securities Exchange Act of 1934 or any rule or regulation of the SEC;
(2) execute for and on behalf of the undersigned, an officer, director or
holder of 10% of more of a registered class of securities of Oportun Financial
Corporation (the "COMPANY"), Forms 3, 4 and 5 in accordance with Section 16(a)
of the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT") and the
rules thereunder, and any other forms or reports the undersigned may be required
to file in connection with the undersigned's ownership, acquisition, or
disposition of securities of the Company;
(3) do and perform any and all acts for and on behalf of the undersigned
that may be necessary or desirable to complete and execute such Form 3, 4 or 5,
or other form or report, complete and execute any amendment or amendments
thereto, and timely file such forms or amendments with the United States
Securities and Exchange Commission and any stock exchange or similar authority;
and
(4) take any other action of any nature whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit, in
the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Exchange Act.
This Power of Attorney shall remain in full force and effect until the
earliest to occur of (a) the undersigned is no longer required to file Forms 3,
4 and 5 with respect to the undersigned's holdings of and transactions in
securities issued by the Company, (b) revocation by the undersigned in a signed
writing delivered to the foregoing attorneys-in-fact, or (c) as to any
attorney-in-fact individually, until such attorney-in-fact shall no longer be
employed by the Company or Cooley LLP, as the case may be.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 20th day of September, 2019.
/s/ Raul Vazquez
---------------------------
Raul Vazquez