[144] OppFi Inc. SEC Filing
Rhea-AI Filing Summary
OppFi Inc. (OPFI) filed a Form 144 indicating that an affiliate—identified as Pamela Johnson—intends to sell up to 1,130 Class A shares through Fidelity Brokerage on or about 08-04-2025. The expected aggregate market value of the planned sale is $11,785.90. The filing also discloses two prior sales within the last three months totaling 41,385 shares for gross proceeds of $575,213.15.
OppFi has 26.17 million Class A shares outstanding, so the proposed sale represents roughly 0.004 % of shares outstanding, while the cumulative three-month sales equal about 0.16 %. Securities being sold were acquired via restricted-stock vesting on 08-01-2024 and are being sold for the filer’s own account. No adverse insider knowledge is attested in the notice, and no other financial metrics or corporate developments are included.
Positive
- None.
Negative
- Continued insider selling: cumulative 41,385 shares sold in the past three months plus a planned 1,130-share sale may concern sentiment despite being only 0.16 % of shares outstanding.
Insights
TL;DR: Small Form 144; insider plans to sell 1,130 shares—immaterial to float, mildly negative sentiment.
The filing signals insider intent to liquidate a modest position following restricted-stock vesting. Even when combined with the 41,385 shares already sold since June, the total is far below reporting thresholds that typically raise governance or liquidity concerns (<0.2 % of outstanding). No new operational data accompanies the notice, so valuation impact should be minimal. Nonetheless, repeated insider selling can create perception risk, particularly for a micro-cap like OppFi where trading volumes are thinner. Overall, I classify the filing as neutral-to-slightly-negative given its small absolute size but potential sentiment effect.