Findell Capital Amends Oportun Financial Stake

TL;DR

**Findell Capital Partners just updated their stake in Oportun Financial, watch for potential shifts.**

AI Summary

Findell Capital Partners LP filed an Amendment No. 1 to Schedule 13D on February 26, 2024, regarding its beneficial ownership in Oportun Financial Corporation. The filing indicates that Findell Capital Management LLC, located at 88 Pine Street, Suite 2240, New York, NY 10005, is involved in the management of these securities. The amendment pertains to Common Stock with a $0.0001 par value per share, identified by CUSIP Number 68376D104.

Why It Matters

This amendment signals a change in the reported beneficial ownership of Oportun Financial Corp by Findell Capital Partners, which could influence investor perception and the company's stock performance.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating a change in reporting rather than a new, significant event.

Key Numbers

• $0.0001 — Par Value per Share (Common Stock of Oportun Financial Corporation)

Key Players & Entities

• Findell Capital Partners LP (company) — filer of SC 13D/A amendment
• Oportun Financial Corp (company) — subject company of the filing
• Findell Capital Management LLC (company) — entity involved in managing securities
• $0.0001 (dollar_amount) — par value per share of Common Stock
• February 26, 2024 (date) — filing date of Amendment No. 1

FAQ

Key Financial Figures

• $0.0001 — ation (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
• $8,432,808 — ed as follows: FCM invested a total of $8,432,808.80, including brokerage commissions, to
• $3.6732 — ale Purchase of Common Stock 20,000 $3.6732 01/31/2024 Purchase of Common Stock
• $3.2710 — 2024 Purchase of Common Stock 1,000 $3.2710 02/09/2024 Purchase of Common Stock
• $3.5893 — 024 Purchase of Common Stock 62,600 $3.5893 1 02/14/2024 Purchase of Common Stoc
• $3.8685 — 024 Purchase of Common Stock 11,000 $3.8685 2 02/15/2024 Purchase of Common Stoc
• $3.7606 — 024 Purchase of Common Stock 30,000 $3.7606 3 02/16/2024 Purchase of Common Stoc
• $3.8265 — 024 Purchase of Common Stock 16,000 $3.8265 4 02/20/2024 Purchase of Common Stoc
• $3.6938 — 024 Purchase of Common Stock 30,000 $3.6938 5 02/21/2024 Purchase of Common Stoc
• $3.7584 — 2024 Purchase of Common Stock 8,000 $3.7584 6 02/22/2024 Purchase of Common Stoc
• $3.7565 — 024 Purchase of Common Stock 16,000 $3.7565 7 02/23/2024 Purchase of Common Stoc
• $3.8382 — 024 Purchase of Common Stock 19,000 $3.8382 8 02/26/2024 CUSIP No. 68376D104 1
• $3.4500 — s in multiple transactions ranging from $3.4500 to $3.7900 per Share. The Reporting Per
• $3.7900 — le transactions ranging from $3.4500 to $3.7900 per Share. The Reporting Persons undert
• $3.9200 — le transactions ranging from $3.7900 to $3.9200 per Share. The Reporting Persons undert

Filing Documents

• sc13da113982002_02262024.htm (SC 13D/A) — 133KB
• 0000921895-24-000547.txt ( ) — 135KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated as follows: FCM invested a total of $8,432,808.80, including brokerage commissions, to purchase 2,212,600 Shares. The source of funds was FCM’s capital available for investment. FCM may effect purchases of Shares through margin accounts maintained for it with brokers, which extend margin credit as and when required to open or carry positions in their margin accounts, subject to applicable federal margin regulations, stock exchange rules and such firms’ credit policies. Positions in Shares may be held in margin accounts and may be pledged as collateral security for the repayment of debit balances in such accounts. Such margin accounts may from time to time have debit balances. Because other securities may be held in such margin accounts, it may not be possible to determine the amounts, if any, of margin used to purchase Shares.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) and (c) are hereby amended and restated to read as follows: (a) As of the date hereof, the Reporting Persons beneficially owned 2,212,600 Shares in the aggregate, representing approximately 6.5% of the outstanding Shares, including (i) 2,020,000 Shares held directly by FCP, representing approximately 5.9% of the outstanding Shares and (ii) 192,600 Shares held in certain separately managed accounts. The aggregate percentage of Shares reported owned by the Reporting Persons herein is based upon 34,230,172 Shares outstanding, as of November 2, 2023, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2023. (c) During the past 60 days, none of the Reporting Persons has effected any transactions in the Shares, except as set forth on Schedule A. 6 CUSIP No. 68376D104

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 26, 2024 Findell Capital Partners, LP By: Finn Management GP LLC General Partner By: /s/ Brian A. Finn Name: Brian A. Finn Title: Managing Member Finn Management GP LLC By: /s/ Brian A. Finn Name: Brian A. Finn Title: Managing Member Findell Capital Management LLC By: /s/ Brian A. Finn Name: Brian A. Finn Title: Member /s/ Brian A. Finn Brian A. Finn 7 CUSIP No. 68376D104 SCHEDULE A Transactions in Shares effected by FCM in the last 60 days (all purchases and sales effected on the NASDAQ except as indicated below) Nature of the Transaction Amount of Securities Purchased/(Sold) Price ($) Date of Purchase/Sale Purchase of Common Stock 20,000 $3.6732 01/31/2024 Purchase of Common Stock 1,000 $3.2710 02/09/2024 Purchase of Common Stock 62,600 $3.5893 1 02/14/2024 Purchase of Common Stock 11,000 $3.8685 2 02/15/2024 Purchase of Common Stock 30,000 $3.7606 3 02/16/2024 Purchase of Common Stock 16,000 $3.8265 4 02/20/2024 Purchase of Common Stock 30,000 $3.6938 5 02/21/2024 Purchase of Common Stock 8,000 $3.7584 6 02/22/2024 Purchase of Common Stock 16,000 $3.7565 7 02/23/2024 Purchase of Common Stock 19,000 $3.8382 8 02/26/2024 CUSIP No. 68376D104 1 The price reported is a weighted average price. These Shares were purchases in multiple transactions ranging from $3.4500 to $3.7900 per Share. The Reporting Persons undertake to provide to the Issuer, any security of the Issuer or the staff of the of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote 1. 2 The price reported is a weighted average price. These Shares were purchases

View Full Filing

View this SC 13D/A filing on SEC EDGAR