Form 4: OppFi Inc. Director Theodore G. Schwartz Reports Transactions Involving Class A and Class V Common Stock

Theodore G. Schwartz, a director and 10% owner of OppFi Inc., reported multiple transactions involving Class A and Class V common stock, including acquisitions, disposals, and conversions, executed under a 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 report covers transactions that occurred on April 21, 2025, and April 22, 2025.
• These transactions involved Class A Common Stock and Class V Common Stock.
• The transactions included the cancellation of Class V Common Stock, acquisition of Class A Common Stock through the exercise of Exchange Rights, and the sale of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2024.
• The weighted average sale prices for Class A Common Stock were $7.9427 on April 21 and $8.2658 on April 22.
• Schwartz's holdings are both direct and indirect, through entities like OppFi Shares, LLC, LTHS Capital Group LP, and LTHS Revocable Trust.
• Following the reported transactions, Schwartz indirectly beneficially owns significant amounts of Class V Common Stock through OppFi Shares, LLC, and Class A Common Stock through LTHS Capital Group LP and LTHS Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It provides information but doesn't inherently indicate positive or negative outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and alignment of interests.

Stakeholder Impact

• The transactions may influence shareholder perception of the company's stock.
• The sales by a director could be interpreted in various ways by the market.

Key Dates

Keywords

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