Form 4: OppFi CEO Todd G. Schwartz Surrenders 100,000 Class V Shares in Unit Exchange
SEC Form 4 Filing
OppFi CEO Todd G. Schwartz surrendered 100,000 Class V common stock shares as part of a unit exchange by other members of Opportunity Financial, LLC.
Summary
- Todd G. Schwartz, CEO of OppFi Inc., surrendered 100,000 shares of Class V common stock.
- This transaction occurred on November 14, 2024.
- The shares were surrendered at a price of $0.
- The surrender was related to the exchange of Class A common units of Opportunity Financial, LLC by other members for Class A common stock of OppFi Inc.
- Following the transaction, Schwartz indirectly beneficially owns 64,663,295 shares of Class V common stock through OppFi Shares, LLC.
- OppFi Shares, LLC is wholly owned by TGS Revocable Trust, of which Schwartz is the sole trustee.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding a share transaction, and does not indicate any positive or negative sentiment.
Industry Context
This transaction is a routine filing related to changes in beneficial ownership and is not indicative of any broader industry trends.
Stakeholder Impact
- The transaction has a neutral impact on shareholders as it is a procedural change related to the company's structure.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the transaction where 100,000 Class V shares were surrendered. |
| 11/18/2024 | Date the SEC Form 4 was signed. |
Keywords
OppFi, Todd G. Schwartz, Class V Common Stock, Opportunity Financial LLC, Unit Exchange, SEC Form 4, Beneficial Ownership
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