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.