OppFi (NYSE: OPFI) director receives 16,843 RSUs, reports large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHWARTZ THEODORE G reported acquisition or exercise transactions in this Form 4 filing.
OppFi Inc. director and 10% owner Theodore G. Schwartz reported an equity award and his updated holdings of Class A Common Stock. He received 16,843 restricted stock units (RSUs) under the OppFi Inc. 2021 Equity Incentive Plan, with each RSU representing one share of Class A Common Stock.
All of these RSUs will vest 100% on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to his continued service and plan terms. Following this grant, he holds 29,750 shares directly, in addition to 3,000,000 shares held by LTHS Revocable Trust and 18,887,359 shares held by LTHS Capital Group LP, which are reported as indirect holdings with a beneficial ownership disclaimer.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SCHWARTZ THEODORE G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 16,843 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 29,750 shares (Direct, null);
Class A Common Stock — 18,887,359 shares (Indirect, By LTHS Capital Group LP)
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 ("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. The reporting person is the manager of the general partner of LTHS Capital Group LP and may be deemed to beneficially own the securities held by LTHS Capital Group LP. The reporting person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
Key Figures
RSU grant: 16,843 RSUs
Direct holdings after grant: 29,750 shares
Trust holdings: 3,000,000 shares
+1 more
4 metrics
RSU grant
16,843 RSUs
Restricted stock units granted under OppFi Inc. 2021 Equity Incentive Plan
Direct holdings after grant
29,750 shares
Class A Common Stock directly owned after the RSU award
Trust holdings
3,000,000 shares
Class A Common Stock held indirectly by LTHS Revocable Trust
LP holdings
18,887,359 shares
Class A Common Stock held indirectly by LTHS Capital Group LP
Key Terms
Restricted stock units ("RSUs"), 2021 Equity Incentive Plan, beneficially own, pecuniary interest
4 terms
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") granted pursuant to the OppFi Inc. 2021 Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2021 Equity Incentive Plan financial
"RSUs granted pursuant to the OppFi Inc. 2021 Equity Incentive Plan (the "Plan")"
beneficially own financial
"may be deemed to beneficially own the securities held by LTHS Capital Group LP"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein"
FAQ
What did OppFi (OPFI) director Theodore G. Schwartz report in this Form 4 filing?
Theodore G. Schwartz reported receiving 16,843 restricted stock units and updated his direct and indirect Class A Common Stock holdings. The filing shows his compensation-related award plus large stakes held through a revocable trust and LTHS Capital Group LP.
How many OppFi (OPFI) restricted stock units did Theodore G. Schwartz receive?
He received 16,843 restricted stock units, each representing one share of OppFi Class A Common Stock. These RSUs were granted under the OppFi Inc. 2021 Equity Incentive Plan as a non-cash equity award, with vesting based on continued service conditions.
What is the vesting schedule for Theodore G. Schwartz’s OppFi (OPFI) RSU grant?
All 16,843 RSUs will vest 100% on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on his continued service and compliance with the OppFi Inc. 2021 Equity Incentive Plan terms.
Was the OppFi (OPFI) RSU grant to Theodore G. Schwartz an open-market purchase?
No, the 16,843 RSUs were a grant under OppFi’s 2021 Equity Incentive Plan, not an open-market purchase. The grant price is shown as $0.00 per share, reflecting compensation rather than a cash transaction in the market.