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.
Summary
- On April 15, 2025, Todd G. Schwartz surrendered and cancelled 34,293 shares of Class V Common Stock.
- On April 16, 2025, he surrendered and cancelled 34,941 shares of Class V Common Stock.
- These transactions were related to the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
- Following these transactions, Todd G. Schwartz directly owns 0 shares and indirectly owns 60,954,612 shares of Class V Common Stock through OppFi Shares, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in stock ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to internal corporate restructuring and unit exchanges, common in companies with complex ownership structures following a merger or IPO.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to internal restructuring and does not affect the overall value of the company.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Surrender and cancellation of 34,293 shares of Class V Common Stock |
| 04/16/2025 | Surrender and cancellation of 34,941 shares of Class V Common Stock |
| 04/17/2025 | Date of signature for the Form 4 filing |
Keywords
OppFi Inc., Todd G. Schwartz, Class V Common Stock, Beneficial Ownership, Form 4, SEC, Opportunity Financial LLC, Class A Common Units, Director, CEO
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