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 involved the surrender and cancellation of Class V Common Stock by the issuer.
• These cancellations were related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• On May 14, 2025, 90,104 shares were disposed of, and on May 15, 2025, 185,086 shares were disposed of.
• Following these transactions, Schwartz indirectly owns 60,104,952 shares of Class V Common Stock through OppFi Shares, LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in 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.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The transactions described relate to internal restructuring, similar to unit conversions seen in other LLC-structured entities before or after IPO.

Stakeholder Impact

• The transactions described are internal restructuring and are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

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