Form 4: OppFi CFO Pamela D. Johnson Reports Acquisition of Class A Common Stock

Pamela D. Johnson, CFO of OppFi Inc., reports the acquisition of 107,752 shares of Class A Common Stock on April 1, 2024, resulting in a total beneficial ownership of 137,120 shares.

Summary

• On April 3, 2024, a Form 4 filing was submitted to the SEC by Mary Gurevich, Esq., as attorney-in-fact for Pamela D. Johnson, CFO of OppFi Inc.
• The filing reports a transaction that occurred on April 1, 2024, where Ms. Johnson acquired 107,752 shares of Class A Common Stock.
• These shares were acquired at a price of $0.
• Following this transaction, Ms. Johnson's total beneficial ownership of OppFi Inc. Class A Common Stock is 137,120 shares.
• The acquisition is related to restricted stock units (RSUs) granted under the OppFi Inc. 2021 Equity Incentive Plan.
• 25% of the RSUs vested immediately, with the remainder vesting in equal quarterly increments over the next three years, contingent upon continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of shares by the CFO could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The remaining RSUs will vest in equal quarterly increments over the following three years, subject to the reporting person's continued service with the issuer and the terms of the Plan.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in executive ownership.

Key Dates