David Vennettilli - Aug 29, 2022 Form 4 Insider Report for OppFi Inc. (OPFI)

Role
Director
Signature
/s/ Marv Gurevich, Esq., as attorney-in-fact for David Vennettilli
Stock symbol
OPFI
Transactions as of
Aug 29, 2022
Transactions value $
$1,456
Form type
4
Date filed
8/31/2022, 08:22 PM
Previous filing
Aug 29, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPFI Class A Common Stock Purchase $715 +272 +2.23% $2.63 12.5K Aug 29, 2022 Direct F1
transaction OPFI Class A Common Stock Purchase $741 +272 +2.18% $2.72 12.8K Aug 30, 2022 Direct F2
holding OPFI Class V Common Stock 195K Aug 29, 2022 By OppFi Shares, LLC F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.48 to $2.70 for a weighted average sale price of $2.6288. 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 purchased at each separate price within the range set forth in this footnote. All shares were purchased in accordance with the daily volume and other limitations and requirements of Rule 10b-18.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.5749 to $2.75 for a weighted average sale price of $2.7231. 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 purchased at each separate price within the range set forth in this footnote. All shares were purchased in accordance with the daily volume and other limitations and requirements of Rule 10b-18.
F3 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. The shares of Class V Common Stock will be cancelled by the issuer if the reporting person exercises (or causes DAV 513 Revocable Trust to exercise) its right to exchange Class A common units of Opportunity Financial, LLC ("Opportunity Financial") for either one share of Class A common stock, par value $0.0001 per share ("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 ("Exchange Rights").
F4 Represents Class V Common Stock that the reporting person (or DAV 513 Revocable Trust) has the right to acquire pursuant to Exchange Rights with respect to an equivalent number of Class A common units of Opportunity Financial. Includes 51,393 shares of Class V Common Stock subject to certain restrictions and potential forfeiture pending the achievement of certain earnout targets.
F5 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 DAV 513 Revocable Trust's) Exchange Rights.