Form 4: OppFi Inc. Director Todd G. Schwartz Reports Changes in Beneficial Ownership

Todd G. Schwartz, Chief Executive Officer and Director of OppFi Inc., reports a transaction involving Class V Common Stock due to the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• On March 1, 2024, Todd G. Schwartz, CEO and Director of OppFi Inc., reported changes in beneficial ownership of the company's Class V Common Stock.
• The transaction involved the surrender and cancellation of 57,478 shares of Class V Common Stock.
• This was in connection with the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
• Following the transaction, Schwartz directly owns 0 shares and indirectly owns 91,629,094 shares through OppFi Shares, LLC.
• OppFi Shares, LLC is wholly owned by TGS Revocable Trust, with Schwartz as the sole trustee.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't convey any strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and corporate structure adjustments, common in publicly traded companies. It reflects the ongoing process of unit holders in Opportunity Financial, LLC exchanging their units for shares in OppFi Inc.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall effect is likely minimal.

Key Dates