Form 4: OppFi Inc. Director Theodore G. Schwartz Reports Changes in Beneficial Ownership

Theodore G. Schwartz, a director and 10% owner of OppFi Inc., reported transactions involving Class A and Class V common stock, including conversions, sales, and cancellations, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Theodore G. Schwartz, a director and 10% owner of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions occurred on March 24 and March 25, 2025.
• The transactions included the cancellation of Class V Common Stock, acquisition of Class A Common Stock through the exercise of Exchange Rights, and sales of Class A Common Stock.
• Sales of Class A Common Stock were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
• The sales prices for Class A Common Stock ranged from $9.92 to $11.09 per share.
• The reporting person holds shares indirectly through OppFi Shares, LLC, LTHS Capital Group LP, and LTHS Revocable Trust.
• The reporting person disclaims beneficial ownership of securities held by LTHS Capital Group LP, except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader trend in the financial services industry. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The use of a 10b5-1 trading plan is a common method for insiders to sell shares while avoiding accusations of trading on non-public information.
• Comparable companies such as Enova International or LendingClub would also have similar insider transaction filings.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of management's confidence.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

OppFi Inc., Theodore G. Schwartz, Form 4, Beneficial Ownership, Class A Common Stock, Class V Common Stock, Exchange Rights, Rule 10b5-1 Trading Plan, LTHS Capital Group LP, LTHS Revocable Trust, OppFi Shares, LLC