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 a transaction involving the surrender and cancellation of 100,000 shares of Class V Common Stock.
Summary
- Todd G. Schwartz, the CEO of OppFi Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On April 26, 2024, 100,000 shares of Class V Common Stock were surrendered and cancelled.
- This transaction was related to the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc. by members other than the reporting person.
- Following the transaction, Schwartz beneficially owns 91,372,104 shares of Class V Common Stock indirectly 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 standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it involves the exchange of units for shares, but the CEO's overall voting power remains substantial.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction involving the surrender and cancellation of Class V Common Stock. |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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