1 unchanged sentence
Securities Trading Plans of Directors and Executive Officers
−Removed: During the three months ended September 30, 2024, none of our directors or officers adopted , modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
+Added: During the three months ended March 31, 2025 , none of our directors or officers adopted , modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Terms and abbreviations used in this report are defined below.
5 unchanged sentences
The Acquisition Financing was used to fund the cash consideration for the Digit acquisition.
−Removed: Included as "Acquisition and corporate financing" on the Consolidated Balance Sheets
Adjusted Earnings Per Share ("EPS") Adjusted EPS is a non-GAAP financial measure calculated by dividing Adjusted Net Income by diluted adjusted weighted-average common shares outstanding
Adjusted Net Income Adjusted Net Income is a non-GAAP financial measure calculated by adjusting our net income (loss) adjusted to exclude income tax expense (benefit), stock-based compensation expense, mark-to-market on asset-backed notes at fair value and certain non-recurring charges
−Removed: Adjusted Operating Efficiency Adjusted Operating Efficiency is a non-GAAP financial measure calculated by dividing adjusted total operating expenses (excluding stock-based compensation expense and certain non-recurring charges) by total revenue
Adjusted Operating Expense
2 unchanged sentences
Adjusted Operating Expense Ratio is a non-GAAP financial measure calculated as Adjusted Operating Expense divided by Average Daily Principal Balance
−Removed: Adjusted Return on Equity ("ROE") Adjusted Return on Equity is a non-GAAP financial measure calculated by dividing annualized Adjusted Net Income by average total stockholders’ equity
Aggregate Originations Aggregate amount disbursed to borrowers and credit granted on credit cards during a specified period, including amounts originated by us through our Lending as a Service partners or under our bank partnership programs.
5 unchanged sentences
Board Oportun’s Board of Directors
−Removed: Corporate Financing Senior secured term loan secured by the assets of the Company and certain of its subsidiaries guaranteeing the term loan, including pledges of the equity interests of certain subsidiaries that are directly or indirectly owned by the Company.
−Removed: Included in "Acquisition and corporate financing" on the Consolidated Balance Sheets
+Added: Corporate Financing Senior secured term loan secured by the assets of the Company and certain of its subsidiaries guaranteeing the term loan, including pledges of the equity interests of certain subsidiaries that are directly or indirectly owned by the Company funded pursuant to the Credit Agreement, dated as of September 14, 2022, by and among the Company, Wilmington Trust, National Association, and the lenders party thereto (as amended), which was terminated on November 14, 2024, and the Credit Agreement, dated as of October 23, 2024, by and among the Company, Wilmington Savings Fund Society, FSB, and the lenders party thereto.
Cost of Debt Annualized interest expense divided by Average Daily Debt Balance
9 unchanged sentences
Net Revenue Net Revenue is calculated by subtracting interest expense from total revenue and adding the net increase (decrease) in fair value
−Removed: Operating Efficiency Total operating expenses divided by total revenue
Operating Expense Ratio
6 unchanged sentences
Purchases and cash advances, reduced by returns and principal payments received and principal charge-offs to date for our credit cards
−Removed: Term or Abbreviation Definition
Return on Equity Annualized net income divided by average stockholders' equity for a period
4 unchanged sentences
Exhibit Filing Date Filed Herewith
−Removed: Receivables Purchase Agreement, dated as of September 24, 2024, by and among Oportun, Inc., Oportun CCW Trust, Oportun CCW Depositor, LLC and Continental Purchasing, LLC.*
+Added: 10.1* Indenture between Oportun Issuance Trust 2025-A and Wilmington Trust, National Association, dated as of January 16, 2025.
10.27 2/20/2025
−Removed: Seventh Amendment to the Loan and Security Agreement by and among Oportun PLW Trust, Oportun PLW Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of August 29, 2024 .
−Removed: Master Amendment to Transaction Documents by and among Oportun PLW Trust, Oportun PLW Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of September 20, 2024.
−Removed: Indenture between Oportun Issuance Trust 2024- 2 and Wilmington Trust, National Association, dated as of August 29, 2024 .
−Removed: Loan and Security Agreement by and between Oportun PLW II Trust, Oportun PLW II Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of August 5, 2024 .
−Removed: Twe lfth Amendment to Indenture by and between Oportun CCW Trust and Wilmington Trust, National Association, dated as of September 24 , 2024.
−Removed: Amendment to the Loan and Security Agreement by and among Oportun PLW II Trust, Oportun PLW II Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of November 1, 2024.
−Removed: 31.1 Rule 13a-14(a)/15d-14(a) Certifications of the Chief Executive Officer and Director of Oportun Financial Corporation
−Removed: 31.2 Rule 13a-14(a)/15d-14(a) Certifications of the Chief Financial Officer and Chief Administrative Officer of Oportun Financial Corporation
+Added: 10.2^* Loan and Security Agreement by and between Oportun PLW II I Trust, Oportun PLW I II Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of April 2, 2025 .
+Added: 31.1 Rule 13a-14(a)/15d-14(a) Certifications of the Chief Executive Officer , Princip al Financial Officer , Princip al Accounting Officer and Director of Oportun Financial Corporation
32.1** Section 1350 Certifications
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OPORTUN FINANCIAL CORPORATION
−Removed: November 12, 2024 By:
−Removed: /s/ Jonathan Coblentz
−Removed: Jonathan Coblentz
−Removed: Chief Financial Officer and Chief Administrative Officer
−Removed: (Principal Financial Officer and duly authorized signatory of the Registrant)
+Added: May 8, 2025 By:
+Added: /s/ Raul Vazquez
+Added: Chief Executive Officer
+Added: (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and duly authorized signatory of the Registrant)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.