Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Oportun Financial Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
68376D104
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ¨ | Rule 13d-1(b) | |
| ¨ | Rule 13d-1(c) | |
| x | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1. |
Names of Reporting Persons
Madrone Partners, L.P. | |||
| 2. |
Check the Appropriate Box if a Member of a Group (see instructions)
|
|||
| (a) ¨ | ||||
| (b) x (1) | ||||
| 3. | SEC USE ONLY
| |||
| 4. |
Citizenship or Place of Organization
Delaware | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. |
Sole Voting Power
932,957 Shares (2) | ||
| 6. |
Shared Voting Power
0 Shares | |||
| 7. |
Sole Dispositive Power
932,957 Shares (2) | |||
| 8. |
Shared Dispositive Power
0 Shares | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
932,957 Shares (2) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||
| 11. |
Percent of Class Represented by Amount in Row 9
3.3% (3) | |||
| 12. |
Type of Reporting Person (see instructions)
PN | |||
| (1) | This Schedule 13G is filed by Madrone Partners, L.P. (“Madrone”), Madrone Capital Partners, LLC (“Madrone GP”), Greg Penner (“Penner”), Jameson McJunkin (“McJunkin”) and Thomas Patterson (“Patterson” and, together with the Madrone, Madrone GP, Penner and McJunkin, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Penner, McJunkin and Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. |
| (3) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
| 1. |
Names of Reporting Persons
Madrone Capital Partners, LLC | |||
| 2. |
Check the Appropriate Box if a Member of a Group (see instructions)
|
|||
| (a) ¨ | ||||
| (b) x (1) | ||||
| 3. | SEC USE ONLY
| |||
| 4. |
Citizenship or Place of Organization
Delaware | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. |
Sole Voting Power
0 Shares | ||
| 6. |
Shared Voting Power
932,957 Shares (2) | |||
| 7. |
Sole Dispositive Power
0 Shares | |||
| 8. |
Shared Dispositive Power
932,957 Shares (2) | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
932,957 Shares (2) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||
| 11. |
Percent of Class Represented by Amount in Row 9
3.3% (3) | |||
| 12. |
Type of Reporting Person (see instructions)
OO | |||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Penner, McJunkin and Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. |
| (3) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
| 1. |
Names of Reporting Persons
Greg Penner | |||
| 2. |
Check the Appropriate Box if a Member of a Group (see instructions)
|
|||
| (a) ¨ | ||||
| (b) x (1) | ||||
| 3. | SEC USE ONLY
| |||
| 4. |
Citizenship or Place of Organization
United States | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. |
Sole Voting Power
0 Shares | ||
| 6. |
Shared Voting Power
932,957 Shares (2) | |||
| 7. |
Sole Dispositive Power
0 Shares | |||
| 8. |
Shared Dispositive Power
932,957 Shares (2) | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
932,957 Shares (2) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||
| 11. |
Percent of Class Represented by Amount in Row 9
3.3% (3) | |||
| 12. |
Type of Reporting Person (see instructions)
IN | |||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Penner, McJunkin and Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. |
| (3) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
| 1. |
Names of Reporting Persons
Jameson McJunkin | |||
| 2. |
Check the Appropriate Box if a Member of a Group (see instructions)
|
|||
| (a) ¨ | ||||
| (b) x (1) | ||||
| 3. | SEC USE ONLY
| |||
| 4. |
Citizenship or Place of Organization
United States | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. |
Sole Voting Power
0 Shares | ||
| 6. |
Shared Voting Power
932,957 Shares (2) | |||
| 7. |
Sole Dispositive Power
0 Shares | |||
| 8. |
Shared Dispositive Power
932,957 Shares (2) | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
932,957 Shares (2) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||
| 11. |
Percent of Class Represented by Amount in Row 9
3.3% (3) | |||
| 12. |
Type of Reporting Person (see instructions)
IN | |||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Penner, McJunkin and Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. |
| (3) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
| 1. |
Names of Reporting Persons
Thomas Patterson | |||
| 2. |
Check the Appropriate Box if a Member of a Group (see instructions)
|
|||
| (a) ¨ | ||||
| (b) x (1) | ||||
| 3. | SEC USE ONLY
| |||
| 4. |
Citizenship or Place of Organization
United States | |||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. |
Sole Voting Power
0 Shares | ||
| 6. |
Shared Voting Power
932,957 Shares (2) | |||
| 7. |
Sole Dispositive Power
0 Shares | |||
| 8. |
Shared Dispositive Power
932,957 Shares (2) | |||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
932,957 Shares (2) | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)
|
¨ | ||
| 11. |
Percent of Class Represented by Amount in Row 9
3.3% (3) | |||
| 12. |
Type of Reporting Person (see instructions)
IN | |||
| (1) | This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. |
| (2) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Penner, McJunkin and Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. |
| (3) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
Introductory Note: This Schedule 13G is filed on behalf of the Reporting Persons, in respect of shares of Common Stock, par value $0.0001 per share (“Common Stock”), of Oportun Financial Corporation.
| Item 1(a). |
Name of Issuer:
Oportun Financial Corporation |
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
2 Circle Star Way, San Carlos, CA 94070 |
| Item 2(a). |
Name of Person Filing:
Madrone Partners, L.P. Madrone Capital Partners, LLC Greg Penner Jameson McJunkin Thomas Patterson |
| Item 2(b). |
Address of Principal Business Office or, if none, Residence:
1149 Chestnut Street, Suite 200, Menlo Park, California 94025 |
| Item 2(c). |
Citizenship:
All entities were organized in Delaware. All Individuals are United States Citizens |
| Item 2(d). |
Title of Class of Securities:
Common Stock |
| Item 2(e). |
CUSIP Number:
68376D104 |
| Item 3. |
If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
Not applicable |
| Item 4. | Ownership |
| Fund Entities | Shares Held Directly | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Beneficial Ownership | Percentage of Class (2) | |||||||||||||||||||||
| Madrone Partners L.P. (1) | 932,957 | 932,957 | 0 | 932,957 | 0 | 932,957 | 3.3 | % | ||||||||||||||||||||
| Madrone Capital Partners, LLC (1) | 0 | 0 | 932,957 | 0 | 932,957 | 932,957 | 3.3 | % | ||||||||||||||||||||
| Greg Penner (1) | 0 | 0 | 932,957 | 0 | 932,957 | 932,957 | 3.3 | % | ||||||||||||||||||||
| Jameson McJunkin (1) | 0 | 0 | 932,957 | 0 | 932,957 | 932,957 | 3.3 | % | ||||||||||||||||||||
| Thomas Patterson (1) | 0 | 0 | 932,957 | 0 | 932,957 | 932,957 | 3.3 | % | ||||||||||||||||||||
| (1) | The shares are held by Madrone. Madrone GP is the general partner of Madrone. Greg Penner, Jameson McJunkin and Thomas Patterson are managers of Madrone GP and share voting and dispositive power over the shares held by Madrone. | |
| (2) | This percentage is calculated based on 28,387,950 shares of the Issuer's stock outstanding as of October 29, 2021, as set forth in the Issuer's most recent 10-Q, filed with the Securities and Exchange Commission on November 4, 2021. |
| Item 5. |
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x. |
| Item 6. |
Ownership of More than 5 Percent on Behalf of Another Person
Not applicable |
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not applicable |
| Item 8. |
Identification and Classification of Members of the Group
Not applicable |
| Item 9. |
Notice of Dissolution of a Group
Not applicable |
| Item 10. |
Certification
Not applicable |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 3, 2022
Madrone Partners, L.P.
| By: | Madrone Capital Partners, LLC | |
| its General Partner | ||
| By: | /s/ Thomas Patterson | |
| Name: Thomas Patterson | ||
| Title: Manager |
Madrone Capital Partners, LLC
| By: | /s/ Thomas Patterson | |
| Name: Thomas Patterson | ||
| Title: Manager |
| /s/ Greg Penner | |
| Greg Penner | |
| /s/ Thomas Patterson | |
| Thomas Patterson | |
| /s/ Jameson McJunkin | |
| Jameson McJunkin |