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

• This Form 4 filing reports changes in beneficial ownership of OppFi Inc. (OPFI) stock by Todd G. Schwartz, the company's CEO.
• The transactions involve the surrender and cancellation of Class V Common Stock to the issuer.
• These cancellations are related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• The shares of Class V Common Stock are held by OppFi Shares, LLC (OFS), which is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person.
• Schwartz disclaims beneficial ownership of the shares held by OFS, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

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

Management Comments

• The reporting person disclaims beneficial ownership of the shares of Class V Common Stock held by OFS, except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates internal restructuring related to unit exchanges within the company's organizational structure.

Stakeholder Impact

• The transactions reflect internal restructuring and are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, beneficial ownership, Class V Common Stock, Opportunity Financial LLC, Form 4, SEC