Oportun Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
September 16 2022 - 4:05PM
Oportun (Nasdaq:OPRT), a mission-driven fintech company, today
announced that on Sep. 10, 2022, it granted a total of 330,460
restricted stock units under the Oportun 2021 Inducement Equity
Incentive Plan to 56 new employees who joined Oportun. These
inducement grants 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.
The inducement grants were approved by Oportun’s Compensation
and Leadership Committee of the Board of Directors, as required by
Nasdaq Rule 5635(c)(4), and were granted as an inducement material
to employment in accordance with Nasdaq Rule 5635(c)(4).
About Oportun
Oportun (Nasdaq: OPRT) is an A.I.-powered digital banking
platform that seeks to make financial health effortless for anyone.
Driven by a mission to provide inclusive and affordable financial
services, Oportun helps its over 1.8 million hardworking members
meet their daily borrowing, savings, banking, and investing needs.
Since inception, Oportun has provided more than $14 billion in
responsible and affordable credit, saved its members more than $2.3
billion in interest and fees, and automatically helped members set
aside more than $8.1 billion for rainy days and other needs. In
recognition of its responsibly designed products, Oportun has been
certified as a Community Development Financial Institution (CDFI)
since 2009.
Media ContactGeorge
Gonzalez650-769-0441george.gonzalez@oportun.com
Investor ContactDorian Hare650-590-4323ir@oportun.com
Oportun Financial (NASDAQ:OPRT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Oportun Financial (NASDAQ:OPRT)
Historical Stock Chart
From Apr 2023 to Apr 2024