Form 4: OppFi CEO Todd Schwartz Adjusts Class V Voting Share Holdings Amidst Unit Exchange

OppFi Inc.'s CEO and 10% owner, Todd G. Schwartz, reported a disposition of 1,301 Class V Common Stock shares, representing non-economic voting interests, as part of an exchange of Class A common units by other members of Opportunity Financial, LLC.

Summary

• Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported a change in his beneficial ownership of Class V Common Stock.
• On July 16, 2025, Mr. Schwartz disposed of 1,301 shares of Class V Common Stock.
• The transaction involved the surrender and cancellation of these shares to OppFi Inc. at a price of $0 per share.
• This disposition was in connection with the exchange of Class A common units of Opportunity Financial, LLC by other members (not Mr. Schwartz) for shares of Class A common stock of OppFi Inc.
• Following this transaction, Mr. Schwartz indirectly beneficially owns 58,948,241 shares of Class V Common Stock through OppFi Shares, LLC (OFS).
• Class V Common Stock represents voting, non-economic interests in OppFi Inc., with holders generally entitled to one vote per share on matters voted on by stockholders.
• OppFi Shares, LLC (OFS) holds these shares and is wholly owned by TGS Revocable Trust, for which Mr. Schwartz is the sole trustee, granting him voting power over these shares, though he disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of an insider transaction, specifically a surrender of non-economic voting shares as part of a corporate exchange mechanism. It does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of an insider transaction, common for publicly traded companies, particularly those with complex capital structures involving different classes of shares or partnership units, such as an Up-C structure. It reflects a technical adjustment in voting interests due to an exchange mechanism rather than a discretionary market trade.

Corporate Governance

Related Party Transactions

• The transaction involves Todd G. Schwartz, the CEO and a 10% owner, and his indirect holdings through OppFi Shares, LLC, which is wholly owned by a trust for which he is the sole trustee. The disposition of shares is a direct interaction between the insider's controlled entity and the issuer, triggered by an exchange mechanism involving other members of Opportunity Financial, LLC.

Stakeholder Impact

• Shareholders: The transaction is a technical adjustment of non-economic voting shares and is unlikely to have a direct material impact on the economic value of Class A common stock. It reflects the ongoing operation of the company's capital structure.
• Management: The CEO's voting interest is adjusted in line with the company's established exchange mechanisms, maintaining his significant influence over the company's voting matters.

Key Dates

Keywords

SEC Form 4, Insider Transaction, OppFi Inc., OPFI, Todd G. Schwartz, Class V Common Stock, Voting Shares, Opportunity Financial LLC, Unit Exchange, Corporate Governance, Beneficial Ownership