Form 4: OppFi Inc. Executive Christopher J. McKay Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher J. McKay, Chief Risk & Analytics Officer of OppFi Inc., reports transactions involving Class A Common Stock and Restricted Stock Units (RSUs) on April 1 and April 2, 2025.
Summary
- Christopher J. McKay, the Chief Risk & Analytics Officer of OppFi Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On April 1, 2025, McKay received 3,851 shares of Class A Common Stock from the settlement of vested Restricted Stock Units (RSUs).
- Also on April 1, 2025, 938 and 1,970 shares were withheld to cover tax obligations related to the RSU settlement at a price of $9.33 per share.
- Additionally, on April 1, 2025, McKay acquired 89,912 RSUs under the company's 2021 Equity Incentive Plan.
- On April 2, 2025, 5,474 shares were withheld to cover tax obligations related to the RSU settlement at a price of $9.33 per share.
- Following these transactions, McKay directly owns 258,552 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to equity compensation. There are no indications of unusual activity or concerns.
Positives
- The granting of 89,912 RSUs to the Chief Risk & Analytics Officer suggests continued alignment of interests between management and shareholders.
Future Outlook
The remaining RSUs will continue to vest in equal quarterly increments over the following three years, subject to the reporting person's continued service with the issuer and the terms of the Plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly dilute ownership.
Key Dates
| Date | Description |
|---|---|
| October 1, 2021 | Reporting person was granted 61,613 RSUs, 25% of which vested on the one-year anniversary of the date of grant and the remainder will vest in equal quarterly increments over the following three years. |
| April 1, 2025 | Shares of Class A Common Stock received in settlement of vested RSUs; additional RSUs granted. |
| April 2, 2025 | Shares withheld to cover tax withholding obligations upon settlement of vested RSUs. |
| April 3, 2025 | Date of Form 4 signature. |
Keywords
Form 4, OppFi Inc., Christopher J. McKay, Beneficial Ownership, Class A Common Stock, Restricted Stock Units, RSUs, Equity Incentive Plan, Tax Withholding
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