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 Class V Common Stock in connection with the exchange of Class A common units 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 reflect the surrender and cancellation of shares of Class V Common Stock to the issuer.
• This was in connection with the exchange of Class A common units of Opportunity Financial, LLC by members other than the reporting person.
• The exchange was for shares of Class A common stock of the issuer, pursuant to the exchange provisions of the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial.
• On March 14, 2025, 79,762 shares were surrendered, reducing indirect ownership to 62,055,190 shares held by OppFi Shares, LLC.
• On March 17, 2025, a further 79,559 shares were surrendered, reducing indirect ownership to 61,975,631 shares held by OppFi Shares, LLC.
• The shares are held by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It reflects adjustments in ownership structure due to internal company agreements.

Stakeholder Impact

• The changes in Class V Common Stock ownership have minimal direct impact on shareholders, as these shares represent voting, non-economic interests.

Key Dates