Todd G. Schwartz - Jul 31, 2024 Form 4 Insider Report for OppFi Inc. (OPFI)

Signature
/s/ Marv Gurevich, Esq., as attorney-in-fact for Todd G. Schwartz
Stock symbol
OPFI
Transactions as of
Jul 31, 2024
Transactions value $
$0
Form type
4
Date filed
8/2/2024, 04:23 PM
Previous filing
Jul 30, 2024
Next filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPFI Class V Common Stock Award $0 +735K +1.13% $0.00 66M Jul 31, 2024 By OppFi Shares, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock"), of the issuer represent voting, non-economic interests in the issuer. Except as provided in the issuer's certificate of incorporation, as amended, or as required by applicable law, holders of Class V Common Stock will be entitled to one vote per share of Class V Common Stock on all matters to be voted on by the issuer's stockholders generally.
F2 In accordance with the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial, LLC ("Opportunity Financial"), 734,851 shares of Class V Common Stock of the issuer were issued to OppFi Shares, LLC ("OFS"), which number of shares of Class V Common Stock of the issuer was equal to the number of Class A common units of Opportunity Financial issued to Blaze Capital Funding 5, LLC (the "Seller") as partial consideration paid to the Seller in connection with the acquisition of 35% of the outstanding equity securities of Bitty Holdings, LLC by Opportunity Financial SMB, LLC, a subsidiary of the issuer.
F3 The shares of Class V Common Stock are held by OFS, which has sole voting power over the shares of Class V Common Stock reported in Table I hereof. OFS is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person. By virtue of these relationships, the reporting person may be deemed to have voting power over the shares of Class V Common Stock held by OFS. 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.