Form 4: OppFi Inc. Director Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Schwartz, Chief Executive Officer and Director of OppFi Inc., reports changes in beneficial ownership of Class V Common Stock due to the surrender and cancellation of shares in connection with the exchange of Class A common units of Opportunity Financial, LLC.
Summary
- On February 28, 2025, Todd G. Schwartz disposed of 35,000 shares of Class V Common Stock at $0 per share.
- Following this transaction, Schwartz directly owns no shares and indirectly owns 62,243,055 shares through OppFi Shares, LLC.
- On March 4, 2025, Schwartz disposed of 64,865 shares of Class V Common Stock at $0 per share.
- Following this transaction, Schwartz directly owns no shares and indirectly owns 62,178,190 shares through OppFi Shares, LLC.
- The shares were surrendered and cancelled in connection with the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to internal transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions reflect internal restructuring and are unlikely to have a direct impact on external stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Disposal of 35,000 shares of Class V Common Stock |
| 03/04/2025 | Disposal of 64,865 shares of Class V Common Stock |
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