Form 4: OppFi Inc. Director Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Schwartz, a director and CEO of OppFi Inc., reported changes in his 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.
Summary
- On March 13, 2024, Todd G. Schwartz, a director, 10% owner, and the Chief Executive Officer of OppFi Inc., filed a Form 4.
- The filing reports a transaction involving Class V Common Stock.
- 22,900 shares of Class V Common Stock were disposed of at a price of $0.
- Following the transaction, Schwartz directly owns 0 shares and indirectly owns 91,606,194 shares through OppFi Shares, LLC.
- The transaction is related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction involving Class V Common Stock. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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