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Filing Details

Accession Number:: 0001209191-22-058747
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-23 19:17:07
Reporting Period:: 2022-07-20

Accepted Time:: 2022-11-23 19:17:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1818502	Oppfi Inc.	OPFI	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1001874	G Theodore Schwartz	One North Wacker Drive, Suite 3605 Chicago IL 60606		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-11-21	7,271	$2.46	381,328	No	4	P	Indirect	By LTHS Revocable Trust
Class A Common Stock	Acquisiton	2022-11-22	7,270	$2.46	388,598	No	4	P	Indirect	By LTHS Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By LTHS Revocable Trust
No	4	P	Indirect	By LTHS Revocable Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Acquisiton	2022-07-20	46,729	$0.00	46,729	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
46,729			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	18,484	Direct
Class V Common Stock	33,726,877	Indirect	By OppFi Shares, LLC

Footnotes

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.42 to $2.48 for a weighted average sale price of $2.4626. 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.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.31 to $2.50 for a weighted average sale price of $2.4624. 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.
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 LTHS Capital Group LP 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").
Represents shares of Class V Common Stock that the reporting person (or LTHS Capital Group LP) has the right to acquire pursuant to Exchange Rights with respect to an equivalent number of Class A common units of Opportunity Financial. Includes 8,867,405 shares of Class V Common Stock subject to certain restrictions and potential forfeiture pending the achievement of certain earnout targets.
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) Exchange Rights.
Each restricted stock unit ("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 (the "Plan"). 100% of the RSUs will vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the next annual meeting of stockholders of OppFi Inc., subject to the reporting person's continued service with the issuer and the terms of the Plan.