Form 4: OppFi CEO's Class V Stock Adjustment
Insider Transaction Report
OppFi CEO Todd G. Schwartz reported a surrender of 44,716 Class V Common Stock shares related to an exchange of Class A common units by other members.
Summary
- Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported a change in beneficial ownership.
- On August 13, 2025, 44,716 shares of Class V Common Stock were surrendered and canceled.
- This transaction occurred in connection with the exchange of Class A common units of Opportunity Financial, LLC by members (other than the reporting person) for shares of Class A common stock of OppFi Inc.
- Class V Common Stock represents voting, non-economic interests in OppFi Inc., with holders generally entitled to one vote per share.
- Following this transaction, Schwartz's indirect beneficial ownership of Class V Common Stock is 58,698,241 shares, held by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, where Schwartz is the sole trustee.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the surrender of non-economic voting shares, which is a technical adjustment related to unit exchanges by other parties. This event is neutral regarding the company's operational performance or financial health.
Future Outlook
No forward-looking statements or guidance are provided in this filing, as it is a report of a specific insider transaction.
Industry Context
This filing is a routine insider transaction report specific to OppFi Inc. and its CEO, Todd G. Schwartz. It does not provide information relevant to broader industry trends or competitive analysis.
Related Party Transactions
- The transaction involves the surrender of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC by its members. Opportunity Financial, LLC is related to OppFi Inc. and the reporting person.
Stakeholder Impact
- Shareholders: Minimal direct impact as the transaction involves non-economic voting shares and is a technical adjustment related to unit exchanges by other parties, not a direct sale of economic shares by the CEO.
- Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 08/13/2025 | Date of transaction: surrender and cancellation of Class V Common Stock shares. |
| 08/15/2025 | Date the Form 4 was signed and filed. |
Keywords
OppFi, OPFI, Todd Schwartz, SEC Form 4, Insider Transaction, Beneficial Ownership, Class V Common Stock, Opportunity Financial
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