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Filing Details

Accession Number:: 0000905148-24-003071
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-13 21:15:38
Reporting Period:: 2024-06-05

Accepted Time:: 2024-11-13 21:15:38
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
1873027	David Vennettilli	130 East Randolph Street, Suite 3400 Chicago IL 60606		No	No	No	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	2024-06-05	49,328	$0.00	143,825	No	4	A	Direct
Class V Common Stock	Disposition	2024-11-08	100,000	$0.00	44,238	No	4	D	Indirect	By OppFi Shares, LLC
Class A Common Stock	Acquisiton	2024-11-08	100,000	$0.00	100,000	No	4	M	Indirect	By DAV 513 Revocable Trust
Class A Common Stock	Disposition	2024-11-08	100,000	$6.45	0	No	4	S	Indirect	By DAV 513 Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	D	Indirect	By OppFi Shares, LLC
No	4	M	Indirect	By DAV 513 Revocable Trust
No	4	S	Indirect	By DAV 513 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	Class A Common Units	Disposition	2024-11-08	100,000	$0.00	100,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
44,238			No	4	M	Indirect

Footnotes

Restricted stock units ("RSUs") granted pursuant to the OppFi Inc. 2021 Equity Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of OppFi Inc. Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"). 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. (the "Issuer"), subject to the reporting person's continued service with the Issuer and the terms of the Plan.
Reflects the number of shares of Class A Common Stock beneficially owned by the reporting person following the transaction reported in the last Form 4 of the reporting person, which was filed on August 13, 2024, as adjusted for this transaction.
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 (as defined below in footnote 11) to exercise) Exchange Rights (as defined below in footnote 9).
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").
Excludes shares of Class V Common Stock that correspond to the Common Units held by each of TGS Capital Group LP, TGS MCS Capital Group LP, LTHS Capital Group LP, Ramble MCS Capital Group LP and Ward Capital Group LP (collectively, the "Trusts"). Mr. Vennettilli holds interests in each of the Trusts but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
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's) Exchange Rights.
Reflects shares of Class A Common Stock received in connection with the exercise of the Exchange Rights by DAV.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $6.35 to $6.83 for a weighted average sale price of $6.4484. 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 sold at each separate price within the range set forth in this footnote.
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").
Excludes Common Units held by each of the Trusts. Mr. Vennettilli holds interests in each of the Trusts but disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein, if any.
These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee and sole beneficiary. DAV is a member of Opportunity Financial and the reporting person has the right to cause DAV to exercise for the benefit of the reporting person DAV's Exchange Rights with respect to the Common Units indirectly held by the reporting person.