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 A and Class V common stock, including conversions and sales, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Theodore G. Schwartz, a director and 10% owner of OppFi Inc., filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions involve Class A Common Stock and Class V Common Stock.
• The transactions include the conversion of Class A Common Units into Class A Common Stock and the sale of Class A Common Stock.
• These sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
• The sales of Class A Common Stock occurred at weighted average prices of $10.0115 and $9.3150.
• The reporting person also indirectly owns shares through OppFi Shares, LLC, LTHS Capital Group LP, and LTHS Revocable Trust.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions. The sales are conducted under a pre-arranged plan, so they don't necessarily reflect a change in sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of insiders. This filing indicates activity by a major shareholder and director.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares by a significant shareholder.
• The impact is likely limited as the sales are conducted under a pre-arranged trading plan.

Key Dates

Keywords

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