Two shareholders of Oportun Financial Corporation (NASDAQ: OPRT) have publicly called for board member Ginny Lee to resign immediately, citing poor company performance during her tenure.

Bradley Radoff and Josh Schechter issued an open letter to Oportun's board on March 16, stating that Lee should step down despite the recent departures of former Lead Independent Director R. Neil Williams and CEO Raul Vazquez.

According to the shareholders' letter, Oportun's stock declined 83.3% during Lee's tenure as a board member, which began September 1, 2021. The company's one-year return was negative 24.1% and three-year return was 1.7% as of March 13, 2026, compared to competitor OneMain Holdings' returns of 23.8% and 88.2% respectively over the same periods.

The shareholders criticized Lee's role as Chair of the Nominating, Governance and Social Responsibility Committee, alleging she allowed underperforming directors to remain in positions and enabled the removal of independent director Scott Parker in May 2025.

The letter states Lee received support from only 28% of total outstanding shares at the 2024 Annual Meeting. The shareholders also noted her background at nonprofit Khan Academy and lack of public company board experience outside of Oportun.

The shareholders argued that Lee has been unable to implement necessary changes to improve company performance and urged the board to remove her to allow progress under new leadership.

Information in this article is based on the shareholders' press release statement.