Form 4: OppFi CEO Todd Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Schwartz, CEO of OppFi Inc., reports the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units.
Summary
- Todd G. Schwartz, the CEO of OppFi Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On August 19, 2024, 78,182 shares of Class V Common Stock were surrendered and cancelled.
- On August 20, 2024, 86,000 shares of Class V Common Stock were surrendered and cancelled.
- These transactions are related to the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
- Following these transactions, the reporting person indirectly beneficially owns 65,682,836 shares of Class V Common Stock through OppFi Shares, LLC.
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 changes in beneficial ownership may be of interest to shareholders, as it provides insight into the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Surrender and cancellation of 78,182 shares of Class V Common Stock. |
| 08/20/2024 | Surrender and cancellation of 86,000 shares of Class V Common Stock. |
| 08/21/2024 | Date of signature for the Form 4 filing. |
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