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

Todd G. Schwartz, Chief Executive Officer of OppFi Inc., reported the disposal of 65,000 Class V Common Stock shares through transactions related to the exchange of Class A common units.

Summary

• Todd G. Schwartz, the Chief Executive Officer of OppFi Inc., has reported changes in his beneficial ownership of the company's Class V Common Stock.
• On January 29, 2025, 60,000 shares of Class V Common Stock were disposed of at a price of $0 per share.
• On January 31, 2025, an additional 5,000 shares of Class V Common Stock were disposed of at a price of $0 per share.
• These transactions were related to the exchange of Class A common units of Opportunity Financial, LLC for Class A common stock of OppFi Inc.
• The shares are held by OppFi Shares, LLC, which is wholly owned by TGS Revocable Trust, of which Todd G. Schwartz is the sole trustee.
• Schwartz disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing insider transactions. It does not contain any information that would significantly impact the sentiment of the stock.

Risks

• The document indicates a decrease in the reported holdings of Class V Common Stock by the CEO, which could be interpreted negatively by some investors, although the transactions are related to internal restructuring.

Management Comments

• The reporting person disclaims beneficial ownership of the shares of Class V Common Stock held by OFS, except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with the requirements of the SEC.
• The transactions are related to internal restructuring and are not unusual for companies with complex ownership structures.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the holdings of the company's CEO.

Key Dates

Keywords

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