Filing Details

Accession Number:
0001104659-22-011983
Form Type:
13G Filing
Publication Date:
2022-02-03 19:00:00
Filed By:
Madrone Partners, L.p.
Company:
Oportun Financial Corp (NASDAQ:OPRT)
Filing Date:
2022-02-04
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Madrone Partners 932,957 0 932,957 0 932,957 3.3%
Madrone Capital Partners 0 932,957 0 932,957 932,957 3.3%
Greg Penner 0 932,957 0 932,957 932,957 3.3%
Jameson McJunkin 0 932,957 0 932,957 932,957 3.3%
Thomas Patterson 0 932,957 0 932,957 932,957 3.3%
Filing

 

 

 

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)
   
xRule 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