Form 4: OppFi Inc. Director David Vennettilli Reports Stock Transactions
SEC Form 4 Filing
Director David Vennettilli reports transactions involving OppFi Inc. Class A and Class V common stock, including acquisitions, disposals, and conversions related to Exchange Rights.
Summary
- On March 7, 2025, David Vennettilli, a director of OppFi Inc., engaged in transactions involving the company's Class A and Class V common stock.
- These transactions included the cancellation of 43,238 shares of Class V Common Stock in connection with the exercise of Exchange Rights for an equivalent number of Class A common units of Opportunity Financial, LLC.
- Vennettilli also acquired 43,238 shares of Class A Common Stock through the exercise of these Exchange Rights.
- Additionally, Vennettilli sold 43,238 shares of Class A Common Stock at a weighted average price of $9.4492, with prices ranging from $9.35 to $9.58.
- On March 11, 2025, Vennettilli sold 30,762 shares of Class A Common Stock at a weighted average price of $9.0947, with prices ranging from $9.00 to $9.44.
- Following these transactions, Vennettilli directly owns 90,762 shares of Class A Common Stock.
- Vennettilli also indirectly owns 1,000 shares of Class V Common Stock through OppFi Shares, LLC and Common Units through DAV 513 Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies. The transactions themselves don't necessarily indicate a broader trend in the financial services industry but reflect the individual investment decisions of the reporting person.
Stakeholder Impact
- Shareholders may be interested in the insider trading activity of company directors, as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Cancellation of Class V Common Stock, acquisition of Class A Common Stock, and sale of Class A Common Stock. |
| 03/11/2025 | Sale of Class A Common Stock. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.