Theodore G. Schwartz - 14 Mar 2025 Form 4 Insider Report for OppFi Inc. (OPFI)

Role
Director, 10%+ Owner
Signature
/s/ Marv Gurevich, Esq., as attorney-in-fact for Theodore G. Schwartz
Issuer symbol
OPFI
Transactions as of
14 Mar 2025
Net transactions value
-$1,454,641
Form type
4
Filing time
18 Mar 2025, 21:19:31 UTC
Previous filing
06 Dec 2024
Next filing
20 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPFI Class V Common Stock Disposed to Issuer $0 -53,175 -0.21% $0.000000 24,834,184 14 Mar 2025 By OppFi Shares, LLC F1, F2, F3
transaction OPFI Class V Common Stock Disposed to Issuer $0 -26,587 -0.11% $0.000000 24,807,597 14 Mar 2025 By OppFi Shares, LLC F1, F2, F3
transaction OPFI Class A Common Stock Options Exercise $0 +53,175 $0.000000 53,175 14 Mar 2025 By LTHS Capital Group LP F4, F5
transaction OPFI Class A Common Stock Sale $485,541 -53,175 -100% $9.13 0 14 Mar 2025 By LTHS Capital Group LP F5, F6, F7
transaction OPFI Class A Common Stock Options Exercise $0 +26,587 $0.000000 26,587 14 Mar 2025 By LTHS Revocable Trust F4
transaction OPFI Class A Common Stock Sale $242,766 -26,587 -100% $9.13 0 14 Mar 2025 By LTHS Revocable Trust F6, F7
transaction OPFI Class V Common Stock Disposed to Issuer $0 -53,040 -0.21% $0.000000 24,754,557 17 Mar 2025 By OppFi Shares, LLC F1, F2, F3
transaction OPFI Class V Common Stock Disposed to Issuer $0 -26,519 -0.11% $0.000000 24,728,038 17 Mar 2025 By OppFi Shares, LLC F1, F2, F3
transaction OPFI Class A Common Stock Options Exercise $0 +53,040 $0.000000 53,040 17 Mar 2025 By LTHS Capital Group LP F4, F5
transaction OPFI Class A Common Stock Sale $484,229 -53,040 -100% $9.13 0 17 Mar 2025 By LTHS Capital Group LP F5, F6, F8
transaction OPFI Class A Common Stock Options Exercise $0 +26,519 $0.000000 26,519 17 Mar 2025 By LTHS Revocable Trust F4
transaction OPFI Class A Common Stock Sale $242,105 -26,519 -100% $9.13 0 17 Mar 2025 By LTHS Revocable Trust F6, F8
holding OPFI Class A Common Stock 186,737 14 Mar 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OPFI Class A Common Units Options Exercise $0 -53,175 -0.22% $0.000000 23,834,184 14 Mar 2025 Class A Common Stock 53,175 $0.000000 By LTHS Capital Group LP F5, F9, F10
transaction OPFI Class A Common Units Options Exercise $0 -26,587 -2.7% $0.000000 973,413 14 Mar 2025 Class A Common Stock 26,587 $0.000000 By LTHS Revocable Trust F9, F10
transaction OPFI Class A Common Units Options Exercise $0 -53,040 -0.22% $0.000000 23,781,144 17 Mar 2025 Class A Common Stock 53,040 $0.000000 By LTHS Capital Group LP F5, F9
transaction OPFI Class A Common Units Options Exercise $0 -26,519 -2.7% $0.000000 946,894 17 Mar 2025 Class A Common Stock 26,519 $0.000000 By LTHS Revocable Trust F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock"), of OppFi Inc. (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. The shares of Class V Common Stock will be cancelled by the Issuer if the reporting person exercises (or causes LTHS Capital Group LP or LTHS Revocable Trust to exercise) Exchange Rights (as defined below in footnote 9).
F2 Reflects the cancellation of shares of Class V Common Stock in connection with the exercise of the Exchange Rights with respect to an equivalent number of Class A common units ("Common Units") of Opportunity Financial, LLC ("Opportunity Financial").
F3 The shares of Class V Common Stock are held by OppFi Shares, LLC ("OFS"), which has sole voting power over the shares of Class V Common Stock reported in Table I hereof. The reporting person has the indirect right to cause OFS to dispose of the shares of Class V Common Stock reported in Table I hereof to the Issuer pursuant to the reporting person's (or LTHS Capital Group LP's or LTHS Revocable Trust's) Exchange Rights.
F4 Reflects shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer received in connection with the exercise of the Exchange Rights.
F5 The reporting person is the manager of the general partner of LTHS Capital Group LP and may be deemed to beneficially own the securities held by LTHS Capital Group LP. The reporting person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
F6 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2024.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $8.8531 to $9.2542 for a weighted average sale price of $9.131. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $8.93 to $9.32 for a weighted average sale price of $9.1295. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 Common Units generally represent economic, non-voting interests in Opportunity Financial. The Issuer is the sole manager of Opportunity Financial and controls Opportunity Financial, except as provided by the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial (the "LLC Agreement") or applicable law. Pursuant to the LLC Agreement, each Common Unit can be exchanged by the holder from time to time for either one share of Class A common stock of the Issuer or, at the election of the Issuer in its capacity as the sole manager of Opportunity Financial, the cash equivalent of the market value of one share of Class A Common Stock (the "Exchange Rights").
F10 These amounts have been adjusted to reflect the transfer of 1,000,0000 Common Units from LTHS Capital Group LP to LTHS Revocable Trust on December 10, 2024, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.