Form 4: OppFi Inc. Director Theodore G. Schwartz Reports Charitable Donation of Class A Common Stock

Director Theodore G. Schwartz of OppFi Inc. reported a charitable donation of 527,199 Class A Common Stock shares.

Summary

• Theodore G. Schwartz, a director of OppFi Inc., filed a Form 4 indicating a change in beneficial ownership.
• The filing reports a charitable donation of 527,199 shares of Class A Common Stock.
• The transaction occurred on December 4, 2024.
• Following the transaction, Mr. Schwartz directly owns 186,737 shares of Class A Common Stock.
• The donated shares were transferred from a revocable trust.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a transaction, not indicative of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a company director, which is a common occurrence in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors and officers, to report changes in their ownership of company securities.
• The reporting requirements are mandated by the SEC to ensure transparency and prevent insider trading.
• Similar filings are made by directors and officers of all publicly traded companies, such as those in the financial technology sector like Upstart or LendingClub.

Stakeholder Impact

• The charitable donation does not have a direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Charitable Donation, Class A Common Stock, OppFi Inc., Director, Theodore G. Schwartz