Form 4: OppFi CEO Reports Tax-Related Stock Disposition

OppFi Inc.'s CEO, Todd G. Schwartz, reported the disposition of 3,048 Class A Common Stock shares to cover tax withholding obligations related to vested restricted stock units.

Summary

• Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported a change in beneficial ownership.
• On January 2, 2026, Schwartz disposed of 3,048 shares of Class A Common Stock at a price of $10.3 per share.
• This disposition was made to cover tax withholding obligations upon the settlement of vested restricted stock units.
• Following the transaction, Schwartz directly beneficially owns 121,427 shares of Class A Common Stock.
• Additionally, Schwartz indirectly beneficially owns 433,733 shares of Class A Common Stock through the TGS Revocable Trust, for which he is the sole trustee.
• The total beneficial ownership for Todd G. Schwartz after this transaction is 555,160 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing details a routine, tax-related insider transaction that is a common occurrence with equity compensation. It does not reflect positively or negatively on the company's operational performance or future prospects.

Positives

• The underlying event, the vesting of restricted stock units, indicates that performance conditions were likely met, aligning management's interests with shareholders.
• Todd G. Schwartz retains significant direct and indirect beneficial ownership of 555,160 shares of Class A Common Stock, demonstrating continued alignment with shareholder interests.

Negatives

• A reduction of 3,048 shares in direct beneficial ownership, even for tax purposes, represents a decrease in the insider's direct holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This transaction is a routine insider filing common across all industries, reflecting the standard practice of executives covering tax liabilities upon the vesting of equity compensation such as restricted stock units. It does not indicate any specific industry trends or competitive shifts.

Comparison to Industry Standards

• The disposition of shares to cover tax withholding obligations upon the vesting of restricted stock units is a standard and widely accepted practice for executive compensation across public companies globally. This transaction aligns with typical corporate governance and compensation structures seen in the financial technology sector and beyond.

Related Party Transactions

• Todd G. Schwartz indirectly owns 433,733 shares of Class A Common Stock through the TGS Revocable Trust, for which he is the sole trustee. This represents a related party holding structure.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and the insider retains significant ownership, indicating continued alignment of interests.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

The filing details a routine insider transaction involving the disposition of shares to cover tax obligations upon the vesting of restricted stock units. This is a standard practice and does not indicate a change in the company's fundamentals or the insider's long-term commitment, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

OppFi, OPFI, Todd Schwartz, CEO, Form 4, insider transaction, stock disposition, restricted stock units, tax withholding, beneficial ownership