Todd G. Schwartz - Dec 8, 2022 Form 4 Insider Report for OppFi Inc. (OPFI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Marv Gurevich, Esq., as attorney-in-fact for Todd G. Schwartz
Stock symbol: OPFI
Transactions as of: Dec 8, 2022
Transactions value $: $37,602
Form type: 4
Date filed: 12/12/2022, 05:24 PM
Previous filing: Dec 8, 2022
Next filing: Dec 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPFI	Class A Common Stock	Purchase	$19.6K	+8.1K	+1.81%	$2.42	455K	Dec 8, 2022	By TGS Revocable Trust	F1, F2
transaction	OPFI	Class A Common Stock	Purchase	$18K	+7.23K	+1.59%	$2.50	462K	Dec 9, 2022	By TGS Revocable Trust	F2, F3
transaction	OPFI	Class A Common Stock	Options Exercise	$0	+18.5K		$0.00	18.5K	Dec 9, 2022	Direct	F4
transaction	OPFI	Class V Common Stock	Disposed to Issuer	$0	-100K	-0.11%	$0.00	95M	Dec 9, 2022	By OppFi Shares, LLC	F5, F6, F7

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	Restricted Stock Units	Options Exercise	$0	-18.5K	-100%	$0.00^*	0	Dec 9, 2022	Class A Common Stock	18.5K	$0.00	Direct	F4, F8

* 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 $2.40 to $2.43 for a weighted average sale price of $2.4167. 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 reporting person is the sole trustee of TGS Revocable Trust.
F3	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.46 to $2.52 for a weighted average sale price of $2.4951. 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.
F4	On December 9, 2022, the reporting person received shares of Class A Common Stock, par value $0.0001 per share, of the issuer in settlement of restricted stock units ("RSUs"), which vested on July 20, 2022.
F5	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.
F6	Reflects the surrender and cancellation of shares of Class V Common Stock to the issuer in connection with the exchange of Class A common units of Opportunity Financial, LLC ("Opportunity Financial") by members thereof, other than the reporting person, for shares of Class A common stock, par value $0.0001 per share, of the issuer pursuant to the exchange provisions of the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial.
F7	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. 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.
F8	Each RSU represents a contingent right to receive one share of OppFi Inc. Class A Common Stock, par value $0.0001 per share, and was granted pursuant to the OppFi Inc. 2021 Equity Incentive Plan. On October 1, 2021, the reporting person was granted 18,484 RSUs which vested on July 20, 2022 and were settled on December 9, 2022.