Form 4: OppFi Inc. Director Todd G. Schwartz Reports Changes in Beneficial Ownership

Todd G. Schwartz, a director and CEO of OppFi Inc., reported a transaction involving the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• On September 10, 2024, Todd G. Schwartz, a director, 10% owner, and the Chief Executive Officer of OppFi Inc., filed a Form 4.
• The filing reports a transaction involving the surrender and cancellation of 24,879 shares of Class V Common Stock to the issuer.
• This action was related to 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 65,552,957 shares through OppFi Shares, LLC.
• The shares held by OppFi Shares, LLC are controlled by TGS Revocable Trust, with Schwartz as the sole trustee.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure, but the Class V shares have non-economic interests.

Key Dates