Oportun updates executive severance, change-in-control policy with 150% target bonus payout for CEO

• Oportun adopted an amended executive severance and change-in-control policy effective Aug. 19, 2026, replacing the 2018 plan.
• CEO benefits for a qualifying termination outside a change-in-control period: 18 months base-salary continuation, company-paid COBRA, prior-year bonus payout.
• Outside the change-in-control period, CEO also receives 12 months of service-based equity vesting acceleration, subject to 12 months of continuous service.
• During the change-in-control period, CEO and Tier I receive 18 months salary continuation, company-paid COBRA, 150% of target bonus, full service-based equity acceleration.
• Tier II receives 12 months salary continuation, company-paid COBRA, 100% of target bonus during the change-in-control period; benefits require a claims release.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oportun Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001538716-26-000096), on August 25, 2026, and is solely responsible for the information contained therein.