Filing Details

Accession Number:
0001209191-23-036101
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-06-09 20:11:55
Reporting Period:
2022-07-20
Accepted Time:
2023-06-09 20:11:55
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2022-07-20 46,729 $0.00 65,213 No 4 A Direct
Class A Common Stock Acquisiton 2023-06-07 72,196 $0.00 137,409 No 4 A Direct
Class A Common Stock Acquisiton 2023-06-07 4,372 $2.16 522,049 No 4 P Indirect By LTHS Revocable Trust
Class A Common Stock Acquisiton 2023-06-08 2,126 $2.21 524,175 No 4 P Indirect By LTHS Revocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 P Indirect By LTHS Revocable Trust
No 4 P Indirect By LTHS Revocable Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class V Common Stock 33,764,382 Indirect By OppFi Shares, LLC
Footnotes
  1. 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. The RSUs vested in connection with the 2023 annual meeting of stockholders of OppFi Inc.
  2. RSUs granted pursuant to 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. 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.
  3. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.12 to $2.19 for a weighted average sale price of $2.1635. 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.
  4. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions with prices ranging from $2.20 to $2.22 for a weighted average sale price of $2.212. 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.
  5. 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").
  6. 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 8,877,023 shares of Class V Common Stock subject to certain restrictions and potential forfeiture pending the achievement of certain earnout targets.
  7. 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.