Form 4: OppFi Director David Vennettilli Sells Shares to Cover Tax Obligations

Director David Vennettilli sold 38,886 shares of OppFi Inc. Class A Common Stock on August 9, 2024, to cover tax liabilities from vesting restricted stock units.

Summary

• On August 9, 2024, David Vennettilli, a director of OppFi Inc., sold 38,886 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $4.3364 per share, with individual transaction prices ranging from $4.25 to $4.42.
• The purpose of the sale was to satisfy tax liabilities arising from the vesting of restricted stock units.
• Following the transaction, Vennettilli directly owns 94,497 shares of OppFi Inc.
• The transaction was reported on Form 4, filed with the Securities and Exchange Commission on August 13, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates