Form 4: OppFi CEO Todd Schwartz Reports Surrender of Non-Economic Voting Shares in Corporate Rebalancing

OppFi Inc. CEO Todd G. Schwartz filed a Form 4 indicating the surrender and cancellation of 35,032 shares of Class V Common Stock, representing non-economic voting interests, in connection with an exchange of units by other members.

Summary

• Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), reported a transaction involving Class V Common Stock.
• On June 18, 2025, Mr. Schwartz disposed of 35,032 shares of Class V Common Stock.
• The transaction involved the surrender and cancellation of these shares to the issuer at a price of $0 per share.
• This surrender was in connection with the exchange of Class A common units of Opportunity Financial, LLC by members other than the reporting person, for shares of Class A common stock of OppFi Inc.
• Class V Common Stock represents voting, non-economic interests in OppFi Inc., with holders generally entitled to one vote per share.
• Following the reported transaction, Todd G. Schwartz beneficially owns 59,269,542 shares of Class V Common Stock indirectly through OppFi Shares, LLC (OFS).
• OFS is wholly owned by TGS Revocable Trust, for which Mr. Schwartz is the sole trustee, granting him voting power over the shares, though he disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports a technical adjustment related to non-economic voting shares due to unit exchanges by other parties, rather than a direct sale or purchase by the CEO for pecuniary gain, indicating a neutral impact on the company's financial health or operational outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves shares held by OppFi Shares, LLC (OFS), which is wholly owned by TGS Revocable Trust, for which the reporting person, Todd G. Schwartz, is the sole trustee. This establishes an indirect beneficial ownership and a related party relationship between the reporting person and the entity holding the shares involved in the transaction with the issuer.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction involves non-economic voting shares and is a rebalancing related to other members' unit exchanges, not a sale for value by the CEO.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

OppFi Inc., OPFI, Todd G. Schwartz, SEC Form 4, Insider Transaction, Class V Common Stock, Voting Shares, Non-Economic Interest, Share Surrender, Corporate Governance, Opportunity Financial LLC