OPRT · Oportun Financial Corporation

Oportun Financial Corporation appointed Doug Bland as Chief Executive Officer and principal executive officer, effective April 20, 2026, following a comprehensive search process. Mr. Bland, 58, brings over 30 years of experience in consumer financial services, including senior leadership roles at PayPal where he most recently served as SVP & General Manager, Consumer Business. He previously served as President & COO of Swift Financial and held senior positions at Bank of America. Concurrent with his CEO appointment, Mr. Bland was appointed as a Class III director with a term expiring at the 2028 annual meeting. He will step down from the board of WebBank upon joining Oportun.

The appointment concludes the interim leadership structure under which Kathleen Layton and Gaurav Rana served as co-principal executive officers. Ms. Layton will continue as Chief Legal Officer and Mr. Rana will continue as Senior Vice President, General Manager, Lending. Mr. Bland's compensation package includes a $750,000 annual base salary, a target bonus of 125% of base salary, a $500,000 cash signing bonus, a $500,000 cash retention award, and a $5.0 million target equity award split evenly between time-based RSUs and performance-based PSUs. The equity awards will be granted under the Amended and Restated 2021 Inducement Equity Incentive Plan, which was amended to increase the share reserve by 1,200,000 shares to accommodate the grants.