Form 4: OppFi Inc. CEO Todd G. Schwartz Reports Class V Common Stock Transaction

OppFi Inc.'s CEO, Todd G. Schwartz, reported a transaction involving the surrender and cancellation of 233,750 shares of Class V Common Stock.

Summary

• Todd G. Schwartz, CEO of OppFi Inc., filed a Form 4 detailing a transaction involving Class V Common Stock.
• The transaction involved the surrender and cancellation of 233,750 shares of Class V Common Stock.
• This cancellation was related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• The shares are held indirectly through OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, of which Mr. Schwartz is the sole trustee.
• Mr. Schwartz disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an internal transaction, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to internal transactions and does not indicate any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders reporting transactions in their company's stock.
• The transaction is related to the internal restructuring of OppFi and its subsidiaries, which is not uncommon for companies with complex ownership structures.
• Similar filings are made by executives at other publicly traded companies when they engage in transactions involving company stock.

Stakeholder Impact

• The transaction has no direct impact on shareholders as it is an internal restructuring.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, Class V Common Stock, Form 4, SEC Filing, Opportunity Financial, Share Transaction, Beneficial Ownership