Form 4: OppFi CEO Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Schwartz, CEO of OppFi Inc., reports a transaction involving the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units.
Summary
- On August 28, 2024, OppFi Inc.'s CEO, Todd G. Schwartz, reported changes in beneficial ownership.
- 105,000 shares of Class V Common Stock were surrendered and cancelled.
- This action was related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
- Following the transaction, Schwartz directly owns no Class V Common Stock and indirectly owns 65,577,836 shares through OppFi Shares, LLC.
- Schwartz disclaims beneficial ownership of the shares held by OppFi Shares, LLC, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it involves the exchange of common units for common stock.
- The filing ensures transparency for stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of transaction involving Class V Common Stock. |
| 08/30/2024 | Date of signature for the Form 4 filing. |
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