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

Todd G. Schwartz, CEO of OppFi Inc., reports changes in his beneficial ownership of Class V Common Stock due to the exchange of Class A common units by other members 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 by the issuer in connection with the exchange of Class A common units of Opportunity Financial, LLC by members other than the reporting person.
• These units were exchanged for shares of Class A common stock of OppFi Inc.
• Schwartz directly disposed of 61,307 and 49,799 shares of Class V Common Stock on April 11, 2025 and April 14, 2025 respectively.
• Following these transactions, Schwartz indirectly beneficially owns 61,073,645 and 61,023,846 shares of Class V Common Stock through OppFi Shares, LLC.
• OppFi Shares, LLC is wholly owned by the TGS Revocable Trust, of which Schwartz is the sole trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.

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 ownership structure related to the exchange of units in a subsidiary for shares in the parent company, OppFi Inc.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they reflect internal restructuring and the exchange of units in a subsidiary for shares in the parent company.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, beneficial ownership, Class V Common Stock, Form 4, Opportunity Financial LLC, OppFi Shares LLC, TGS Revocable Trust, exchange, Class A common units, Class A common stock