Form 4: OppFi Chief Risk & Analytics Officer Reports Equity Transactions, Including Stock Sale and RSU Vesting

Christopher J. McKay, Chief Risk & Analytics Officer at OppFi Inc., reported multiple equity transactions, including the exchange of Class A Common Units for Class A Common Stock, vesting of restricted stock units, and a sale of Class A Common Stock, all executed under a Rule 10b5-1 trading plan.

Summary

• Christopher J. McKay, OppFi Inc.'s Chief Risk & Analytics Officer, engaged in several equity transactions.
• On May 21, 2025, McKay exchanged 101,489 Class A Common Units for an equivalent number of Class A Common Stock shares, resulting in the cancellation of 101,489 Class V Common Stock shares.
• On July 1, 2025, 3,850 Restricted Stock Units (RSUs) vested, leading to the acquisition of 3,850 Class A Common Stock shares.
• Concurrently on July 1, 2025, a total of 4,277 Class A Common Stock shares (938, 1,970, and 1,369 shares) were withheld to cover tax withholding obligations related to the RSU settlement, at a price of $13.99 per share.
• On July 2, 2025, McKay sold 9,030 shares of Class A Common Stock at a price of $13.41 per share.
• All reported sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024.
• Following these transactions, McKay directly holds 185,366 shares of Class A Common Stock and 3,852 Restricted Stock Units.
• Indirectly, McKay holds 1,350,000 Class V Common Stock shares via OppFi Shares, LLC and 1,350,000 Class A Common Units via OppFi Management Holdings, LLC.

Sentiment

Score: 5

Explanation: Neutral. The document reports routine insider transactions, including vesting of equity awards and a sale under a pre-arranged trading plan, which is typical for executive compensation and liquidity management.

Future Outlook

No forward-looking statements or guidance are provided in this document, as it is a report of past insider transactions.

Industry Context

This document reports individual equity transactions by an executive and does not provide broader industry context or trends.

Related Party Transactions

• The transactions involve the exchange of Class A Common Units of Opportunity Financial, LLC (an entity controlled by OppFi Inc.) for Class A Common Stock of OppFi Inc., and the cancellation of Class V Common Stock. These are structured mechanisms defined in the LLC Agreement and are part of the company's existing equity structure involving related entities like OppFi Management Holdings, LLC and OppFi Shares, LLC.

Stakeholder Impact

• Shareholders: The sale of 9,030 shares by a Chief Risk & Analytics Officer, even under a Rule 10b5-1 plan, could be perceived as a minor negative signal, although it represents a relatively small portion of the company's overall shares outstanding and the executive's total holdings. The vesting and exchange transactions are part of normal executive compensation and the company's established equity structure.

Key Dates

Keywords

OppFi Inc., OPFI, SEC Form 4, Insider Trading, Equity Transactions, Christopher J. McKay, Chief Risk & Analytics Officer, Class A Common Stock, Class V Common Stock, Restricted Stock Units, RSU Vesting, Rule 10b5-1 Plan, Stock Sale, Exchange Rights, Opportunity Financial