OppFi (NASDAQ: OPFI) director sells shares to cover tax bill
Rhea-AI Filing Summary
OppFi Inc. (OPFI) director David Vennettilli reported selling 28,485 shares of Class A Common Stock on August 19, 2026 at a weighted average price of $7.1605 per share. The shares were sold to satisfy tax liability related to restricted stock unit vesting and an April 28, 2026 corporate simplification. After the sale, he held 154,434 shares directly and 284,501 shares indirectly through the DAV 513 Revocable Trust, of which he is sole trustee and beneficiary.
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Insider Trade Summary
Net Seller: 28,485 shares
Net Sell
2 txns
Insider
Vennettilli David
Role
Director
Sold
28,485 shs ($204K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 28,485 | $7.1605 | $204K |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 154,434 shares (Direct);
Class A Common Stock — 284,501 shares (Indirect, By DAV 513 Revocable Trust)
Footnotes (3)
- F1. Represents shares sold to satisfy tax liability upon the vesting of restricted stock units and the April 28, 2026 corporate simplification of the issuer.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $7.125 to $7.20 for a weighted average sale price of $7.1605. 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.
- F3. These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee and sole beneficiary.
Key Figures
Shares sold: 28,485 shares
Weighted average sale price: $7.1605 per share
Direct holdings after transaction: 154,434 shares
+2 more
5 metrics
Shares sold
28,485 shares
Class A Common Stock sold on August 19, 2026
Weighted average sale price
$7.1605 per share
Multiple transactions ranging from $7.125 to $7.20
Direct holdings after transaction
154,434 shares
Class A Common Stock held directly by David Vennettilli
Indirect holdings after transaction
284,501 shares
Class A Common Stock held through DAV 513 Revocable Trust
Net shares sold
28,485 shares
Net-sell direction according to transaction summary
Key Terms
weighted average price, restricted stock units, Revocable Trust, tax liability
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"shares sold to satisfy tax liability upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Revocable Trust financial
"These securities are held by DAV 513 Revocable Trust ("DAV"),"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
tax liability financial
"shares sold to satisfy tax liability upon the vesting of restricted stock units"
FAQ
What insider transaction did OppFi Inc. (OPFI) disclose for David Vennettilli?
OppFi director David Vennettilli reported a sale of 28,485 Class A shares on August 19, 2026. The transaction is coded as a sale in open market or private transaction and was used to address tax obligations tied to equity compensation and a corporate simplification.
AI-generated analysis. How Rhea-AI works. Not financial advice.