Form 4: OppFi CEO Todd Schwartz Reports Changes in Beneficial Ownership

Todd Schwartz, CEO of OppFi Inc., reports changes in his beneficial ownership of Class V Common Stock due to the surrender and cancellation of shares related to the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• Todd Schwartz, the CEO of OppFi Inc., filed a Form 4 to report changes in his beneficial ownership of the company's Class V Common Stock.
• On July 26, 2024, 163,644 shares of Class V Common Stock were disposed of at a price of $0.
• Following this transaction, Schwartz directly owns 65,276,822 shares of Class V Common Stock indirectly through OppFi Shares, LLC.
• On July 30, 2024, 10,000 shares of Class V Common Stock were disposed of at a price of $0.
• Following this transaction, Schwartz indirectly owns 65,266,822 shares of Class V Common Stock through OppFi Shares, LLC.
• The disposal of shares is related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for executives of publicly traded companies. It reflects internal corporate actions related to unit exchanges rather than open market transactions.

Key Dates