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 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

• Todd G. Schwartz, CEO and Director of OppFi Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class V Common Stock.
• The transactions involve the surrender and cancellation of Class V Common Stock to the issuer.
• These actions are related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• On April 21, 2025, 50,896 shares of Class V Common Stock were disposed of at a price of $0, resulting in a decrease in indirect ownership to 60,866,196 shares held by OppFi Shares, LLC.
• On April 22, 2025, an additional 43,903 shares of Class V Common Stock were disposed of at a price of $0, further reducing indirect ownership to 60,822,293 shares held by OppFi Shares, LLC.
• The shares are held by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, with Schwartz as the sole trustee.
• Schwartz disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, beneficial ownership, Class V Common Stock, Form 4, Opportunity Financial LLC, OppFi Shares LLC, TGS Revocable Trust, exchange, disposal