Christopher J. McKay - 21 May 2025 Form 4 Insider Report for OppFi Inc. (OPFI)

Signature
/s/ Marv Gurevich, Esq., as attorney-in-fact for Christopher J. McKay
Issuer symbol
OPFI
Transactions as of
21 May 2025
Net transactions value
-$180,928
Form type
4
Filing time
03 Jul 2025, 16:36:31 UTC
Previous filing
07 May 2025
Next filing
28 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
McKay Christopher J. Chief Risk & Analytics Officer 130 E. RANDOLPH STREET, SUITE 3400, CHICAGO /s/ Marv Gurevich, Esq., as attorney-in-fact for Christopher J. McKay 03 Jul 2025 0001874705

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 -101,489 -7% $0.000000 1,350,000 21 May 2025 By OppFi Shares, LLC F1, F2, F3
transaction OPFI Class A Common Stock Options Exercise $0 +101,489 +109% $0.000000 194,823 21 May 2025 Direct F4, F5
transaction OPFI Class A Common Stock Options Exercise $0 +3,850 +2% $0.000000 198,673 01 Jul 2025 Direct F6
transaction OPFI Class A Common Stock Tax liability $13,123 -938 -0.47% $13.99 197,735 01 Jul 2025 Direct F7
transaction OPFI Class A Common Stock Tax liability $27,560 -1,970 -1% $13.99 195,765 01 Jul 2025 Direct F7
transaction OPFI Class A Common Stock Tax liability $19,152 -1,369 -0.7% $13.99 194,396 01 Jul 2025 Direct F7
transaction OPFI Class A Common Stock Sale $121,092 -9,030 -4.6% $13.41 185,366 02 Jul 2025 Direct F8

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 -101,489 -7% $0.000000 1,350,000 21 May 2025 Class A Common Stock 101,489 $0.000000 By OppFi Management Holdings, LLC F9, F10
transaction OPFI Restricted Stock Unit Options Exercise $0 -3,850 -50% $0.000000 3,852 01 Jul 2025 Class A Common Stock 3,850 $0.000000 Direct F6, F11
* 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 OppFi Management Holdings, LLC ("OFMH") 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 OFMH'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 by OFMH.
F5 Reflects the number of shares of Class A Common Stock of the Issuer beneficially owned by the reporting person following the transaction reported in the last Form 4 of the reporting person, which was filed on May 28, 2025, as adjusted for this transaction.
F6 On July 1, 2025, the reporting person received shares of Class A Common Stock of the Issuer in settlement of restricted stock units ("RSUs"), which vested on July 1, 2025.
F7 Represents shares withheld to cover tax withholding obligations upon the settlement of vested RSUs.
F8 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.
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 Common Units are held by OFMH, of which the reporting person is a member. OFMH is a member of Opportunity Financial. Pursuant to the terms of the Amended and Restated Limited Liability Company Agreement of OFMH, the reporting person has the right to cause OFMH to exercise for the benefit of the reporting person OFMH's Exchange Rights with respect to the Common Units indirectly held by the reporting person.
F11 Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer and was granted pursuant to the Plan. On October 1, 2021, the reporting person was granted 61,613 RSUs. 25% of the RSUs vested on the one-year anniversary of the date of grant and the remainder will vest in equal quarterly increments over the following three years, subject to the reporting person's continued service with the issuer and the terms of the Plan.