Form 4: OppFi Inc. Executive Christopher J. McKay Sells Shares Under 10b5-1 Plan
SEC Form 4
Christopher J. McKay, Chief Risk & Analytics Officer of OppFi Inc., sold 1,107 shares of Class A Common Stock at $9.55 per share on May 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 2, 2025, Christopher J. McKay, the Chief Risk & Analytics Officer of OppFi Inc., sold 1,107 shares of Class A Common Stock.
- The sale was executed at a price of $9.55 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on December 10, 2024.
- Following the transaction, McKay directly owns 195,180 shares of OppFi Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of an insider transaction. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The sale itself may not be indicative of the company's performance or future prospects.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 12/10/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/02/2025 | Date of transaction (sale of shares) |
| 05/06/2025 | Date of signature of the Form 4 filing |
Keywords
OppFi Inc., Christopher J. McKay, Form 4, insider trading, Rule 10b5-1, share sale, OPFI, Chief Risk & Analytics Officer
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