Form 4: OppFi CEO Todd Schwartz Reports Technical Adjustment in Class V Common Stock Holdings

OppFi Inc.'s CEO, Todd G. Schwartz, reported the surrender and cancellation of 70,000 shares of Class V Common Stock, a non-economic voting interest, in connection with 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 transaction involving Class V Common Stock.
• On June 30, 2025, 70,000 shares of Class V Common Stock were surrendered and cancelled.
• This transaction was executed at a price of $0 per share, indicating a non-cash, technical adjustment.
• The surrender and cancellation were linked to the exchange of Class A common units of Opportunity Financial, LLC by other members (not Schwartz) for shares of Class A common stock of OppFi Inc.
• Following this transaction, the indirect beneficial ownership of Class V Common Stock by Todd G. Schwartz, through OppFi Shares, LLC, stands at 59,199,542 shares.
• Class V Common Stock represents voting, non-economic interests in the issuer, granting one vote per share on matters voted on by the issuer's stockholders generally.

Sentiment

Score: 5

Explanation: The document reports a technical, non-cash transaction related to a corporate restructuring, which is neutral in sentiment. It is a compliance filing rather than a performance update.

Positives

• The transaction facilitates the ongoing exchange mechanism of Class A common units for Class A common stock, streamlining the company's capital structure.

Negatives

• No direct negative financial or operational impact is indicated by this technical adjustment.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report (Form 4) specific to OppFi Inc.'s capital structure and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The transaction involves Todd G. Schwartz, CEO and 10% owner, and is related to the exchange of units by other members of Opportunity Financial, LLC, an entity closely tied to OppFi Inc.'s structure. The shares are held indirectly by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person.

Stakeholder Impact

• Shareholders: The transaction is a technical adjustment related to the capital structure and voting rights, primarily affecting the Class V Common Stock holders and those exchanging Class A common units. It clarifies the voting interests without direct financial impact on common shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this filing.

Key Dates

Keywords

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