Oportun settles with activist Radoff, agrees to retire two directors and cap his stake at 4.9%

Filed June 24, 2026 · Period ending June 22, 2026 · ~1 min read

Key Changes

• high

  Oportun reached a standstill agreement with activist investor Bradley L. Radoff, requiring two Class I directors to retire by the 2026 annual meeting in exchange for ending his campaign.

  Item 1.01 verify on EDGAR →
• high

  Radoff is capped at 4.9% ownership and barred from proxy solicitation or participating in extraordinary transactions through mid-2028, effectively preventing further activist pressure for two years.

  Item 1.01 verify on EDGAR →
• medium

  The Radoff Parties will vote with board recommendations on director elections and most proposals during the restricted period, which runs until 15 days before the 2028 annual meeting nomination deadline.

  Item 1.01 verify on EDGAR →