Form 4: OppFi Inc. Executive Todd G. Schwartz Reports Class V Common Stock Transaction

Todd G. Schwartz, Chief Executive Officer of OppFi Inc., reported a transaction involving the surrender and cancellation of 12,751 shares of Class V Common Stock.

Summary

• Todd G. Schwartz, the Chief Executive Officer of OppFi Inc., has reported a transaction involving Class V Common Stock.
• The transaction involved the surrender and cancellation of 12,751 shares of Class V Common Stock.
• These shares were surrendered in connection with the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• The shares are held indirectly through OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, where Todd G. Schwartz is the sole trustee.
• Following the transaction, Mr. Schwartz indirectly beneficially owns 63,509,410 shares of Class V Common Stock through OppFi Shares, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of a transaction.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders when they engage in transactions involving their company's securities. It is a normal part of corporate governance and transparency.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting of changes in beneficial ownership by executives is a common requirement to ensure transparency and prevent insider trading.
• The transaction described is a typical exchange of units for shares, which is often seen in companies with complex ownership structures.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine exchange of units for shares and does not affect the company's operations or financial position.

Key Dates

Keywords

OppFi Inc., Todd G. Schwartz, Class V Common Stock, Opportunity Financial LLC, SEC Form 4, Beneficial Ownership, TGS Revocable Trust, OppFi Shares LLC