Form 4: OppFi CEO Todd Schwartz Disposes Shares for Tax Obligations

OppFi Inc. CEO Todd G. Schwartz disposed of 2,643 shares of Class A Common Stock to cover tax withholding obligations related to vested restricted stock units.

Summary

• Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported a transaction on July 1, 2025.
• The transaction involved the disposition of 2,643 shares of Class A Common Stock.
• The shares were disposed of at a price of $13.99 per share.
• This disposition was made to cover tax withholding obligations upon the settlement of vested restricted stock units.
• Following the reported transaction, Todd G. Schwartz directly beneficially owns 127,118 shares of Class A Common Stock.
• Additionally, 527,199 shares of Class A Common Stock are indirectly beneficially owned by TGS Revocable Trust, for which Todd G. Schwartz is the sole trustee.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine administrative transaction (disposition for tax withholding) and does not indicate a discretionary sale or a change in company fundamentals.

Future Outlook

This Form 4 filing details a past transaction and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Shares represent shares withheld to cover tax withholding obligations upon the settlement of vested restricted stock units.

Industry Context

This transaction is a routine insider filing common across all industries where executives receive equity compensation. The disposition of shares to cover tax withholding obligations upon the vesting of restricted stock units is a standard administrative practice and does not typically reflect a change in management's view of the company's prospects.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a standard and widely accepted method of managing equity compensation in publicly traded companies across various sectors, including financial technology.
• This type of transaction is a common occurrence for executives and employees receiving equity awards, aligning with typical compensation structures seen in companies like SoFi Technologies (SOFI) or LendingClub (LC) where equity-based incentives are prevalent.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale indicating lack of confidence.
• Employees: No direct impact mentioned, but it reflects standard equity compensation practices that may apply to other employees.

Key Dates

Keywords

OppFi, OPFI, Todd Schwartz, CEO, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units, Equity Compensation