Form 4: Theodore G. Schwartz Reports Changes in Beneficial Ownership of OppFi Inc. (OPFI)

Theodore G. Schwartz, a director and 10% owner of OppFi Inc., reported transactions involving Class V Common Stock and Class A Common Stock, including conversions and sales, pursuant to a Rule 10b5-1 trading plan.

Summary

• Theodore G. Schwartz, a director and 10% owner of OppFi Inc. (OPFI), filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions occurred on March 18 and 19, 2025.
• These transactions involved Class V Common Stock and Class A Common Stock.
• Schwartz converted Class A Common Units into Class A Common Stock and sold shares of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2024.
• The weighted average sale prices for Class A Common Stock were $9.0729 and $9.5738 on March 18 and 19, 2025, respectively.
• The transactions also involved the cancellation of Class V Common Stock in connection with the exercise of Exchange Rights.
• Schwartz holds shares indirectly through OppFi Shares, LLC, LTHS Capital Group LP, and LTHS Revocable Trust.
• Following the reported transactions, Schwartz continues to hold a significant number of Class V Common Stock and Class A Common Stock indirectly.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It reports transactions but doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership percentages.
• The sales under the 10b5-1 plan could exert downward pressure on the stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, OppFi Inc., OPFI, Theodore G. Schwartz, Class V Common Stock, Class A Common Stock, Rule 10b5-1, Exchange Rights, LTHS Capital Group LP, LTHS Revocable Trust, OppFi Shares, LLC