Oportun Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
June 20 2024 - 3:05PM
Oportun (Nasdaq: OPRT), a mission-driven fintech, today
announced that on June 14, 2024, it granted a total of 142,478
restricted stock units to 39 new employees who joined Oportun in
2024. The grants were made from the Oportun 2021 Inducement Equity
Incentive Plan. The restricted stock unit awards either have a (i)
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, or a
(ii) three-year vesting term and approximately 33% will vest on the
one-year anniversary of the grant date, with the balance vesting in
eight 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 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 $18.2 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) 590-4323
ir@oportun.com
Oportun Media Contact
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
michael@cosmo-pr.com
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