Form 4: OppFi CEO Todd Schwartz Reports Technical Adjustments to Non-Economic Share Holdings

OppFi Inc.'s CEO, Todd G. Schwartz, filed a Form 4 detailing the surrender and cancellation of non-economic Class V Common Stock shares in connection with exchanges by other members of Opportunity Financial, LLC.

Summary

• Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (OPFI), filed a Form 4 reporting changes in his beneficial ownership of Class V Common Stock.
• On June 12, 2025, 190,349 shares of Class V Common Stock were disposed of at a price of $0, leaving a beneficial ownership of 59,614,225 shares.
• On June 13, 2025, an additional 96,948 shares of Class V Common Stock were disposed of at a price of $0, resulting in a beneficial ownership of 59,517,277 shares.
• These dispositions represent the surrender and cancellation of Class V Common Stock shares to OppFi Inc. in connection with the exchange of Class A common units of Opportunity Financial, LLC by members (other than Mr. Schwartz) for 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.
• The shares are held indirectly by OppFi Shares, LLC (OFS), which is wholly owned by TGS Revocable Trust, where Mr. Schwartz is the sole trustee.
• Mr. Schwartz disclaims beneficial ownership of the Class V Common Stock held by OFS, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine compliance filing detailing technical adjustments to non-economic shareholdings, not indicative of positive or negative financial performance or insider confidence.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Management Comments

• The surrender and cancellation of shares of Class V Common Stock to the issuer is in connection with the exchange of Class A common units of Opportunity Financial, LLC by members thereof, other than the reporting person, for shares of Class A common stock of the issuer pursuant to the exchange provisions of the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial.
• The reporting person disclaims beneficial ownership of the shares of Class V Common Stock held by OFS, except to the extent of his pecuniary interest therein.

Industry Context

This Form 4 filing is a routine compliance disclosure for an insider's ownership changes and does not provide broader industry context or trends.

Related Party Transactions

• The disposition of Class V Common Stock is linked to the exchange of Class A common units of Opportunity Financial, LLC (a related entity) by its members for Class A common stock of OppFi Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding the technical adjustments to a key insider's non-economic voting interests, which are part of the company's broader corporate structure related to Opportunity Financial, LLC.

Key Dates

Keywords

OppFi, OPFI, Todd G. Schwartz, Form 4, Insider Trading, Beneficial Ownership, Class V Common Stock, Opportunity Financial LLC, SEC Filing