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

Todd G. Schwartz, CEO of OppFi Inc., reports acquisition and disposal of Class A Common Stock and vesting of Restricted Stock Units (RSUs) in a recent SEC filing.

Summary

• Todd G. Schwartz, the CEO of OppFi Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
• On April 1, 2025, Schwartz acquired 122,280 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• These RSUs were granted under the OppFi Inc. 2021 Equity Incentive Plan, with 25% vesting immediately and the remainder vesting quarterly over the next three years, contingent upon continued service.
• Also on April 2, 2025, 11,003 shares of Class A Common Stock were disposed of to cover tax withholding obligations related to the RSU vesting at a price of $9.33.
• Following these transactions, Schwartz directly owns 129,761 shares of Class A Common Stock and indirectly owns 527,199 shares through the TGS Revocable Trust, for which he is the sole trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The vesting of RSUs indicates a continued alignment of the CEO's interests with the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the CEO's direct holdings.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and provide transparency into their trading activities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stock ownership.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, beneficial ownership, Form 4, SEC filing, Class A Common Stock, Restricted Stock Units, RSUs, TGS Revocable Trust, equity incentive plan