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 the surrender and cancellation of Class V Common Stock.

Summary

• On August 12, 2024, Todd G. Schwartz, CEO and Director of OppFi Inc., reported changes in beneficial ownership.
• He surrendered and cancelled 154,655 shares of Class V Common Stock to the issuer at a price of $0.
• This transaction was related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• Following the transaction, Schwartz directly owns no Class V Common Stock and indirectly owns 65,847,018 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 neutral regulatory filing, reflecting standard transactions and ownership disclosures. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

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

Key Dates