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Filing Details

Accession Number:: 0001209191-22-060755
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-12-12 18:24:51
Reporting Period:: 2022-12-08

Accepted Time:: 2022-12-12 18:24:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1818502	Oppfi Inc.	OPFI	Finance Services (6199)	851648122

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1873026	G. Todd Schwartz	One North Wacker Drive, Suite 3605 Chicago IL 60606	Chief Executive Officer	Yes	Yes	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	2022-12-08	8,100	$2.42	454,610	No	4	P	Indirect	By TGS Revocable Trust
Class A Common Stock	Acquisiton	2022-12-09	7,225	$2.50	461,835	No	4	P	Indirect	By TGS Revocable Trust
Class A Common Stock	Acquisiton	2022-12-09	18,484	$0.00	18,484	No	4	M	Direct
Class V Common Stock	Disposition	2022-12-09	100,000	$0.00	95,007,369	No	4	D	Indirect	By OppFi Shares, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By TGS Revocable Trust
No	4	P	Indirect	By TGS Revocable Trust
No	4	M	Direct
No	4	D	Indirect	By OppFi Shares, LLC

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	Disposition	2022-12-09	18,484	$0.00	18,484	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Footnotes

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.
The reporting person is the sole trustee of TGS Revocable Trust.
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.
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.
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.
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.
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.
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.