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 a transaction involving Class V Common Stock related to the exchange of Class A common units.

Summary

• On October 8, 2024, Todd G. Schwartz, Chief Executive Officer and Director of OppFi Inc., reported changes in beneficial ownership of the company's Class V Common Stock.
• The transaction involved the surrender and cancellation of 20,447 shares of Class V Common Stock to the issuer at a price of $0.
• This was in connection with the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
• Following the transaction, Schwartz directly owns no shares and indirectly owns 65,372,510 shares through OppFi Shares, LLC.
• OppFi Shares, LLC 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 a transaction without expressing any positive or negative outlook.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of key executives and directors.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects changes in the ownership structure of the company.
• The exchange of units for shares could affect the overall capital structure of OppFi Inc.

Key Dates