Form 4: OppFi Inc. Officer Christopher J. McKay Reports Sale of Class A Common Stock
SEC Form 4 Filing
Christopher J. McKay, Chief Risk & Analytics Officer of OppFi Inc., reported the sale of Class A Common Stock on April 9 and 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Christopher J. McKay, the Chief Risk & Analytics Officer of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 9, 2025, McKay sold 10,377 shares of Class A Common Stock at a price of $7.83 per share.
- On April 10, 2025, McKay sold 10,380 shares of Class A Common Stock at a price of $8.40 per share.
- Following these transactions, McKay directly owns 196,287 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an officer. It doesn't inherently convey positive or negative sentiment, as it's simply a report of transactions.
Industry Context
This filing is a routine disclosure of stock sales by a company insider. It's common for executives to use 10b5-1 plans to diversify their holdings and avoid accusations of insider trading.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-04-09 | Date of first transaction: Sale of 10,377 shares at $7.83 |
| 2025-04-10 | Date of second transaction: Sale of 10,380 shares at $8.40 |
| 2025-04-11 | Date of Form 4 signature |
Keywords
Form 4, OppFi Inc., Christopher J. McKay, Class A Common Stock, Beneficial Ownership, Rule 10b5-1 trading plan, Insider Trading
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