OppFi Inc SEC Filings

Theodore G. Schwartz, a director and reported >10% owner of OppFi Inc. (OPFI), reported transactions dated 08/13/2025 on Form 4. The filing shows the cancellation of 29,809 and 14,907 shares of Class V common stock in connection with the exercise of exchange rights, and the receipt of an equivalent number of Class A common units that were converted into Class A common stock. The reporting person sold those Class A shares—totaling 44,716 shares—pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2024 at a weighted average sale price of $10.7848 per share. The filing discloses indirect ownership through OppFi Shares, LLC and LTHS entities and includes an attorney-in-fact signature dated 08/15/2025.

OppFi insider group led by Todd G. Schwartz controls a large majority of voting power. The Amendment No. 6 to Schedule 13D reports that the Reporting Persons collectively beneficially own 59,320,850 shares (including Class A and Class V), representing 67.9% of the combined classes based on 28,563,175 Class A and 58,742,957 Class V shares outstanding as of August 12, 2025. The filing restates prior Schedule 13D disclosures arising from the 2021 business combination that converted OppFi ownership into an Up-C structure and issued Class V Voting Stock to OFS. It details recent share cancellations under Exchange Rights, multiple Class A open-market sales by LTHS entities under Rule 10b5-1 (with VWAPs ranging from $10.7966 to $13.2961), RSU settlements and grants to Todd and Theodore Schwartz, and material agreements including the OppFi A&R LLCA, an Investor Rights Agreement and a Tax Receivable Agreement that may accelerate payment obligations in certain events.

Aristeia Capital, L.L.C. reported beneficial ownership of 1,509,569 warrants of OppFi Inc., representing approximately 5.14% of the class when including those warrants in the share count. Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50. The percentage was calculated using a combined total of 29,377,824 (27,868,255 shares outstanding plus the number of warrants).

The filing states the warrants are held in the ordinary course of business and not for the purpose of changing or influencing control. The reporting person discloses sole voting and dispositive power over the 1,509,569 warrants.

Theodore G. Schwartz, a director and greater-than-10% owner of OppFi Inc. (OPFI), reported exchanges and sales of company securities on August 11–12, 2025. The Form 4 shows the conversion of Common Units into Class A common stock under the issuer's Exchange Rights and the cancellation of corresponding Class V voting shares. Reported disposals total 199,644 Class A shares. Sales were executed pursuant to a Rule 10b5-1 trading plan adopted December 10, 2024 at weighted-average prices of $11.0814 and $10.7966. After the transactions the reporting person retains indirect voting interests through OppFi Shares, LLC totaling approximately 21,932,075 Class V shares.

Todd G. Schwartz, OppFi's Chief Executive Officer, director and a greater-than-10% owner, reported dispositions of Class V common stock on 08/11/2025 and 08/12/2025. The Form 4 shows he surrendered or cancelled 102,959 Class V shares on 08/11/2025 and 102,325 Class V shares on 08/12/2025 with a reported price of $0, reflecting an exchange/cancellation rather than a cash sale. Following the reported transactions the filing lists indirect beneficial ownership through OppFi Shares, LLC of 58,845,282 and 58,742,957 shares respectively. The filing states Class V shares are voting, non-economic interests and that OppFi Shares, LLC is wholly owned by TGS Revocable Trust, whose sole trustee is the reporting person; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.