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 a transaction involving the surrender and cancellation of Class V Common Stock.
Summary
- On October 22, 2024, Todd G. Schwartz, CEO and Director of OppFi Inc., reported changes in beneficial ownership of the company's Class V Common Stock.
- Schwartz surrendered and cancelled 259,329 shares of Class V Common Stock at a price of $0.
- Following the transaction, Schwartz directly owns 0 shares and indirectly owns 65,096,115 shares through OppFi Shares, LLC.
- The transaction was related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
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 transaction may have a minor impact on shareholders due to the change in the number of Class V shares outstanding, but the economic impact is negligible as these shares have non-economic interests.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of transaction involving the surrender and cancellation of Class V Common Stock. |
| 10/24/2024 | Date of signature for the Form 4 filing. |
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