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 100,000 shares of Class V Common Stock in connection with the exchange of Class A common units.

Summary

• On October 31, 2024, Todd G. Schwartz, CEO of OppFi Inc., reported changes in beneficial ownership of the company's stock.
• The transaction involved the surrender and cancellation of 100,000 shares of Class V Common Stock.
• This was done in connection with the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
• Following the transaction, Schwartz indirectly owns 64,996,115 shares of Class V Common Stock through OppFi Shares, LLC.
• Schwartz disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for executives and major shareholders of publicly traded companies. It reflects internal corporate actions related to unit exchanges rather than market transactions.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares, but the Class V shares have limited economic rights.

Key Dates