Form 4: OppFi CEO's Indirect Class V Share Reduction
Insider Transaction Report
OppFi CEO Todd G. Schwartz reported a reduction in his indirect beneficial ownership of Class V Common Stock due to unit exchanges by other members.
Summary
- Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported changes in his indirect beneficial ownership of Class V Common Stock.
- On August 11, 2025, 102,959 shares of Class V Common Stock were disposed of.
- On August 12, 2025, an additional 102,325 shares of Class V Common Stock were disposed of.
- These dispositions resulted from the surrender and cancellation of Class V shares to the issuer.
- This surrender was in connection with the exchange of Class A common units of Opportunity Financial, LLC by members (other than Schwartz) for Class A common stock of OppFi Inc.
- Class V Common Stock represents voting, non-economic interests in OppFi Inc.
- Following these transactions, the indirect beneficial ownership of Class V Common Stock held by OppFi Shares, LLC, stands at 58,742,957 shares.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction report detailing changes in non-economic voting shares due to unit conversions by other parties, which is a neutral event for company operations.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This filing is a routine insider transaction report and does not provide broader industry context or trends.
Related Party Transactions
- The Class V Common Stock is held by OppFi Shares, LLC (OFS), which is wholly owned by TGS Revocable Trust, with Todd G. Schwartz as the sole trustee. This establishes an indirect beneficial ownership and related party relationship.
Stakeholder Impact
- Shareholders: Minor impact on voting power distribution due to the reduction in non-economic Class V shares. No direct financial impact on common shareholders.
- Other stakeholders (employees, customers, suppliers, creditors): No direct impact from this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 08/11/2025 | Transaction date for the disposition of 102,959 Class V Common Stock shares. |
| 08/12/2025 | Transaction date for the disposition of 102,325 Class V Common Stock shares. |
| 08/13/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
OppFi, OPFI, Todd G. Schwartz, SEC Form 4, beneficial ownership, Class V Common Stock, insider transaction, CEO, director, 10% owner
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.