Form 4: OppFi Inc. Executive Christopher J. McKay Reports Sale of Class A Common Stock
SEC Form 4 Filing
Christopher J. McKay, Chief Risk & Analytics Officer of OppFi Inc., reports selling shares of Class A Common Stock on April 3rd and 4th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Christopher J. McKay, the Chief Risk & Analytics Officer of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 3, 2025, McKay sold 10,377 shares of Class A Common Stock at a price of $9 per share.
- On April 4, 2025, McKay sold another 10,377 shares of Class A Common Stock at a price of $7.74 per share.
- Following these transactions, McKay directly owns 237,798 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock sales by an executive. The sales were conducted under a pre-arranged trading plan, which mitigates concerns about insider information.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- Shareholders may interpret the stock sales as a signal, although the Rule 10b5-1 plan suggests the transactions were pre-planned.
Key Dates
| Date | Description |
|---|---|
| 12/10/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 04/03/2025 | Date of first transaction: Sale of Class A Common Stock |
| 04/04/2025 | Date of second transaction: Sale of Class A Common Stock |
| 04/07/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, OppFi Inc., Christopher J. McKay, Class A Common Stock, Rule 10b5-1 trading plan, Beneficial Ownership, SEC Filing
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