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 the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• Todd G. Schwartz, CEO and Director of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involve the surrender and cancellation of Class V Common Stock to the issuer.
• These shares were surrendered in connection with the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• The shares of Class V Common Stock are held by OppFi Shares, LLC (OFS), which is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person.
• Schwartz disclaims beneficial ownership of the shares held by OFS, except to the extent of his pecuniary interest therein.
• On March 18, 2025, 54,346 shares of Class V Common Stock were disposed of at $0 per share, resulting in 61,921,285 shares held indirectly by OppFi Shares, LLC.
• On March 19, 2025, 105,606 shares of Class V Common Stock were disposed of at $0 per share, resulting in 61,815,679 shares held indirectly by OppFi Shares, LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to internal corporate structure and unit exchanges, common in companies with complex ownership structures like OppFi.

Key Dates

Keywords

Form 4, Beneficial Ownership, OppFi Inc., Todd G. Schwartz, Class V Common Stock, Opportunity Financial LLC, OppFi Shares LLC, TGS Revocable Trust, Director, CEO