Form 4: OppFi Inc. Executive Todd G. Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Schwartz, CEO of OppFi Inc., reports a transaction involving the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units.
Summary
- This Form 4 filing details changes in beneficial ownership for Todd G. Schwartz, the CEO of OppFi Inc.
- On January 13, 2025, Schwartz surrendered and cancelled 607,273 shares of Class V Common Stock.
- This transaction was related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
- Following the transaction, Schwartz directly owns no Class V Common Stock and indirectly owns 63,522,161 shares through OppFi Shares, LLC.
- Schwartz disclaims beneficial ownership of the shares held by OppFi Shares, LLC, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their potential impact on the stock.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into insider activity and potential implications for the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of transaction involving Class V Common Stock. |
| 01/15/2025 | Date of signature for the Form 4 filing. |
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