Form 4: OppFi Inc. CEO Todd G. Schwartz Reports Changes in Beneficial Ownership

Todd G. Schwartz, CEO of OppFi Inc., reports changes in beneficial ownership of Class V Common Stock due to the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• Todd G. Schwartz, the CEO of OppFi Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class V Common Stock.
• The changes result from the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• On February 7, 2025, 395,102 shares of Class V Common Stock were disposed of, leaving 62,750,829 shares held indirectly by OppFi Shares, LLC.
• On February 11, 2025, an additional 472,774 shares of Class V Common Stock were disposed of, resulting in 62,278,055 shares held by OppFi Shares, LLC.
• The shares are held by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, with Schwartz as the sole trustee.
• Schwartz disclaims beneficial ownership of the shares held by OppFi Shares, LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions described appear to be related to internal restructuring. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's indirect ownership due to corporate restructuring or unit exchanges within related entities.

Stakeholder Impact

• The changes in beneficial ownership are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as they relate to internal restructuring and do not represent a fundamental shift in the company's operations or financial condition.

Key Dates