Form 4: OppFi Inc. Director Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4
Todd G. Schwartz, Chief Executive Officer and Director of OppFi Inc., reports changes in beneficial ownership of Class V Common Stock due to 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 his beneficial ownership of the company's Class V Common Stock.
- The transactions involve the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
- On April 23, 2025, 111,157 shares of Class V Common Stock were disposed of at a price of $0.
- Following this transaction, Schwartz directly owns 0 shares and indirectly owns 60,711,136 shares through OppFi Shares, LLC.
- On April 24, 2025, 76,184 shares of Class V Common Stock were disposed of at a price of $0.
- Following this transaction, Schwartz indirectly owns 60,634,952 shares through 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.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership, which is common for executives and directors of publicly traded companies. It reflects internal restructuring related to the exchange of units in a subsidiary for common stock.
Stakeholder Impact
- The transactions described have minimal direct impact on stakeholders, as they relate to internal restructuring and do not involve a change in the overall economic value held by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Disposition of 111,157 shares of Class V Common Stock. |
| 04/24/2025 | Disposition of 76,184 shares of Class V Common Stock. |
| 04/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, OppFi Inc., Todd G. Schwartz, beneficial ownership, Class V Common Stock, Opportunity Financial LLC, OppFi Shares LLC, TGS Revocable Trust, exchange, disposal
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