Form 4: OppFi Inc. Director Theodore G. Schwartz Reports Stock Transactions

Theodore G. Schwartz, a director and 10% owner of OppFi Inc., reported multiple transactions involving Class A and Class V common stock, including conversions and sales, executed on May 14 and 15, 2025.

Summary

• Theodore G. Schwartz, a director and 10% owner of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 14 and 15, 2025, Schwartz engaged in transactions involving Class A and Class V common stock.
• These transactions included the conversion of Class A Common Units into Class A Common Stock and the subsequent sale of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
• The weighted average sale prices for Class A Common Stock were $12.1822 on May 14 and $11.5862 on May 15.
• Schwartz also indirectly owns shares through OppFi Shares, LLC, LTHS Capital Group LP, and LTHS 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.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency to investors regarding the actions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are similar to those seen by insiders at companies such as Upstart (UPST) and LendingClub (LC), where executives periodically exercise options or sell shares under pre-arranged trading plans.
• The use of a 10b5-1 trading plan is a common method to avoid accusations of insider trading, aligning with industry best practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates potential concerns.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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