Form 4: Theodore G. Schwartz Reports Changes in Beneficial Ownership of OppFi Inc. Stock

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, executed under a 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 and Class V common stock.
• On April 11, 2025, 40,872 Class V shares were disposed of at $0, and 40,872 Class A shares were acquired at $0, while 40,872 Class A shares were sold at a weighted average price of $8.2337.
• Also on April 11, 2025, 20,435 Class V shares were disposed of at $0, and 20,435 Class A shares were acquired at $0, while 20,435 Class A shares were sold at a weighted average price of $8.2337.
• On April 14, 2025, 33,199 Class V shares were disposed of at $0, and 33,199 Class A shares were acquired at $0, while 33,199 Class A shares were sold at a weighted average price of $8.3933.
• Also on April 14, 2025, 16,600 Class V shares were disposed of at $0, and 16,600 Class A shares were acquired at $0, while 16,600 Class A shares were sold at a weighted average price of $8.3933.
• These transactions were made pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024.
• The reporting person indirectly holds a significant number of Class V shares through OppFi Shares, LLC and Class A shares through LTHS Capital Group LP and LTHS Revocable Trust.
• The sales were executed at prices ranging from $7.92 to $8.49 on April 11, 2025, and from $8.215 to $8.71 on April 14, 2025.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency to investors regarding the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• The Rule 10b5-1 trading plan is a common tool used by insiders to manage their stock sales while avoiding accusations of insider trading, similar to plans used by executives at companies like Amazon and Microsoft.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• The sales of Class A common stock could exert downward pressure on the stock price, although the impact is likely to be limited due to the pre-planned nature of the transactions.

Key Dates

Keywords

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