OppFi director awarded 50,530 RSUs in stock grants
Vennettilli David reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Vennettilli David reported acquisition or exercise transactions in this Form 4 filing.
OppFi Inc. director David Vennettilli reported equity awards and updated holdings. He received two grants of 25,265 restricted stock units (RSUs) each at a price of $0.00 per share under the OppFi Inc. 2021 Equity Incentive Plan.
One RSU grant 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. The other represents deferred RSUs, with underlying shares issued on the earlier of June 8, 2029 or his separation from service. Following these awards, he holds 182,919 shares of Class A Common Stock directly and 284,501 shares indirectly through the DAV 513 Revocable Trust, where he is sole trustee and beneficiary.
Insider Trade Summary
Grant/Award: 50,530 shares
Grant/Award
3 txns
Insider
Vennettilli David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,265 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 25,265 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 182,919 shares (Direct);
Class A Common Stock — 284,501 shares (Indirect, By DAV 513 Revocable Trust)
Footnotes (3)
- F1. 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.
- F2. Represents deferred RSUs. The shares of Class A Common Stock underlying these RSUs will be issued to the reporting person on the earlier of (i) June 8, 2029 or (ii) the date of the Reporting Person's separation from service with the Issuer.
- 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
RSU grant size: 25,265 RSUs
Total RSUs granted: 50,530 RSUs
Direct holdings after award: 157,654 shares
+2 more
5 metrics
RSU grant size
25,265 RSUs
Single restricted stock unit award on Class A Common Stock
Total RSUs granted
50,530 RSUs
Two awards of 25,265 RSUs each on the same date
Direct holdings after award
157,654 shares
Class A Common Stock held directly following reported transactions
Indirect trust holdings
284,501 shares
Class A Common Stock held by DAV 513 Revocable Trust
Deferred RSU payout date
June 8, 2029
Latest date when deferred RSUs convert to shares absent earlier separation
Key Terms
Restricted stock units ("RSUs"), OppFi Inc. 2021 Equity Incentive Plan, deferred RSUs, Revocable Trust, +1 more
5 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.
OppFi Inc. 2021 Equity Incentive Plan financial
"RSUs granted pursuant to the OppFi Inc. 2021 Equity Incentive Plan (the "Plan")"
deferred RSUs financial
"Represents deferred RSUs. The shares of Class A Common Stock underlying these RSUs will be issued"
Revocable Trust financial
"These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee"
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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of OppFi Inc. Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OppFi (OPFI) director David Vennettilli report in this Form 4?
David Vennettilli reported two equity awards and updated share holdings. He received restricted stock units under OppFi’s 2021 Equity Incentive Plan and disclosed both his direct Class A Common Stock holdings and shares held indirectly through the DAV 513 Revocable Trust.
How many OppFi (OPFI) restricted stock units were granted to David Vennettilli?
He received two grants of 25,265 restricted stock units (RSUs) each. Both awards were granted at a price of $0.00 per share under the OppFi Inc. 2021 Equity Incentive Plan, reflecting stock-based compensation rather than an open-market share purchase.
When do David Vennettilli’s new OppFi (OPFI) RSUs vest?
One RSU grant vests 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 the terms of OppFi’s 2021 Equity Incentive Plan.
What are the terms of David Vennettilli’s deferred OppFi (OPFI) RSUs?
The deferred RSUs will convert into shares of Class A Common Stock on the earlier of June 8, 2029 or his separation from service. This structure delays share issuance while still granting him a contingent right to receive the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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