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 June 11, 2024, Todd G. Schwartz, CEO and Director of OppFi Inc., reported changes in beneficial ownership.
• The transaction involved the surrender and cancellation of 4,687 shares of Class V Common Stock to the issuer.
• 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 beneficially owns 91,286,966 shares of Class V Common Stock indirectly through OppFi Shares, LLC.
• Schwartz disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and ownership changes, which are common in publicly traded companies. It reflects the ongoing exchange of units in a subsidiary for shares in the parent company, OppFi Inc.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it primarily involves internal restructuring related to unit exchanges.

Key Dates