Form 4: OppFi Inc. CEO Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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
- On July 16, 2024, Todd G. Schwartz surrendered and cancelled 100,000 shares of Class V Common Stock at a price of $0.
- Following this transaction, he directly owns 0 shares of Class V Common Stock.
- On July 18, 2024, he surrendered and cancelled 226,500 shares of Class V Common Stock at a price of $0.
- Following this transaction, he indirectly owns 90,940,466 shares of Class V Common Stock through OppFi Shares, LLC.
- These transactions are related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Surrender and cancellation of 100,000 shares of Class V Common Stock. |
| 07/18/2024 | Surrender and cancellation of 226,500 shares of Class V Common Stock. |
| 07/18/2024 | Date of signature for the report. |
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