SAN MATEO, Calif., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Oportun Financial Corporation ("Oportun", or the "Company") today announced that, on September 10, 2026, in accordance with the offer letter agreement with Sean Rowles, the Company's Chief Risk Officer, previously announced by the Company on June 16, 2026, it granted a long-term new hire equity award consisting of 382,653 restricted stock units representing the right to receive an equivalent number of shares of the Company's common stock ("RSUs") and 127,551 performance-vesting restricted stock units representing the right to receive an equivalent number of shares of the Company's common stock at target ("PSUs") to Mr. Rowles, effective on September 10, 2026. The RSUs and PSUs were an inducement material to Mr. Rowles entering into employment with the Company and granted under and subject to the terms of the Company's Amended and Restated 2021 Inducement Equity Incentive Plan and applicable award agreements. The RSUs will vest as to one-third of the award on the one-year anniversary of the grant date and as to the remaining two-thirds of the award in eight substantially equal quarterly installments, such that the RSUs will be fully vested on the third anniversary of the grant date. The PSUs are eligible to vest after the end of the three-year performance period, based on a combination of performance goals and vesting terms. The vesting of the RSUs and PSUs is generally subject to Mr. Rowles remaining in continuous service with the Company through the relevant vesting dates. Mr. Rowles's offer letter agreement was filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on June 18, 2026. The Amended and Restated 2021 Inducement Equity Incentive Plan and the forms of RSU and PSU award agreements are filed as exhibits to the Company's Quarterly Report on Form 10-Q filed with the SEC on May 8, 2026.

About Oportun

Oportun (NASDAQ:OPRT) is a mission-driven financial services company 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 $22.7 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually.

For more information, visit Oportun.com.

Investor Contact

Dorian Hare

(650) 590-4323

ir@oportun.com

Media Contact

Michael Azzano

Cosmo PR for Oportun

(415) 596-1978

michael@cosmo-pr.com