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

Todd G. Schwartz, CEO of OppFi Inc., reports the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• This Form 4 filing reports changes in beneficial ownership of OppFi Inc. (OPFI) stock by Todd G. Schwartz, the company's CEO.
• The transactions involve Class V Common Stock, which represents voting, non-economic interests in the issuer.
• On January 6, 2025, 55,000 shares of Class V Common Stock were surrendered and cancelled at a price of $0.
• On January 8, 2025, an additional 5,000 shares of Class V Common Stock were surrendered and cancelled at a price of $0.
• These transactions are related to the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
• Following these transactions, Todd G. Schwartz indirectly owns 64,129,434 shares of Class V Common Stock through OppFi Shares, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing changes in beneficial ownership, which is neither inherently positive nor negative.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect internal restructuring related to the exchange of units in a subsidiary.

Key Dates