Oportun names co-CEOs Layton and Rana as Vazquez departs, permanent search ongoing

Filed April 2, 2026 · Period ending March 27, 2026 · ~1 min read

Key Changes

• high

  CEO Raul Vazquez transitions to advisor role effective April 3, 2026, stepping down from board; Kate Layton (Chief Legal Officer) and Gaurav Rana (GM of Lending) appointed co-CEOs April 4 while permanent search continues.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Each co-CEO receives $35,000 monthly salary increase ($420,000 annualized) during interim period, bringing Layton's total to $72,500/month and Rana's to $71,313/month, plus existing bonus and equity eligibility.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Vazquez will serve as advisor through July 3, 2026, providing three months of transition support to interim leadership team.

  Exhibit 99.1 view on EDGAR →