Form 4: OppFi Inc. Executive Christopher J. McKay Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Christopher J. McKay, Chief Risk & Analytics Officer of OppFi Inc., executed sales of Class A Common Stock on April 7th and 8th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Christopher J. McKay, the Chief Risk & Analytics Officer of OppFi Inc., reported the sale of Class A Common Stock.
- The sales occurred on April 7th and 8th, 2025.
- On April 7th, 10,377 shares were sold at a price of $7.54 per share.
- On April 8th, another 10,377 shares were sold at a price of $8.29 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
- Following these transactions, McKay directly owns 217,044 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock sales under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholders if they perceive it as a lack of confidence by the executive, although the 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-04-07 | Date of first reported transaction: sale of 10,377 shares at $7.54. |
| 2025-04-08 | Date of second reported transaction: sale of 10,377 shares at $8.29. |
| 2025-04-09 | Date of Form 4 filing. |
Keywords
OppFi Inc., Christopher J. McKay, Class A Common Stock, Form 4, Rule 10b5-1 trading plan, insider trading, securities, sales
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