Form 4: OppFi Director and 10% Owner Theodore Schwartz Receives Significant RSU Grant

Theodore G. Schwartz, a Director and 10% owner of OppFi Inc., was granted 12,907 restricted stock units (RSUs) on June 10, 2025, as part of the company's 2021 Equity Incentive Plan.

Summary

• Theodore G. Schwartz, who serves as a Director and 10% Owner of OppFi Inc. (OPFI), acquired 12,907 shares of Class A Common Stock.
• The acquisition occurred on June 10, 2025, and was in the form of Restricted Stock Units (RSUs) granted under the OppFi Inc. 2021 Equity Incentive Plan.
• The RSUs were granted at a price of $0, indicating they are part of an equity compensation award.
• Following this transaction, Mr. Schwartz's beneficial ownership of Class A Common Stock increased to 199,644 shares.
• The RSUs are scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders of OppFi Inc., subject to Mr. Schwartz's continued service with the Issuer.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director and significant owner is generally a positive signal, as it aligns their interests with the company's long-term performance and indicates continued commitment. It is a standard compensation practice.

Positives

• The grant of Restricted Stock Units (RSUs) to a Director and 10% owner aligns their long-term interests with those of the company's shareholders.
• It signifies continued commitment and involvement of a significant stakeholder in the company's future performance.

Negatives

• The RSU grant, while aligning interests, does not represent an immediate cash investment by the insider, as it is a compensation award.
• Upon vesting, the conversion of RSUs into common stock could lead to minor dilution for existing shareholders, which is typical for equity compensation plans.

Risks

• The vesting of the 12,907 Restricted Stock Units is contingent upon Theodore G. Schwartz's continued service with OppFi Inc., meaning the units could be forfeited if his service ceases before the vesting conditions are met.

Future Outlook

The vesting schedule for the granted Restricted Stock Units indicates a future increase in the beneficial ownership of Class A Common Stock by Theodore G. Schwartz, contingent on his continued service to OppFi Inc. for at least one year or until the next annual stockholders' meeting.

Industry Context

This Form 4 filing is a standard disclosure of an insider transaction, specifically an equity grant to a director and significant owner. Such grants are common practice across industries to incentivize and retain key personnel by aligning their financial interests with the company's long-term performance.

Corporate Governance

Related Party Transactions

• The acquisition of 12,907 Restricted Stock Units by Theodore G. Schwartz, a Director and 10% Owner, constitutes a related party transaction, specifically an equity compensation grant under the company's 2021 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The grant aligns the interests of a significant owner and director with long-term shareholder value, though it introduces potential minor dilution upon vesting.
• Management/Directors: Theodore G. Schwartz's equity stake is increased, providing a direct incentive for the company's sustained performance and growth.

Next Steps

• The 12,907 Restricted Stock Units will vest 100% on the earlier of the one-year anniversary of the grant date (June 10, 2026) or the next annual meeting of stockholders of OppFi Inc., subject to continued service.

Key Dates

Keywords

OppFi, OPFI, Theodore G. Schwartz, Restricted Stock Units, RSU Grant, Equity Incentive Plan, Insider Transaction, Form 4, Director Compensation, Share Ownership