Form 4 for OPFI OppFi Inc.
Accepted 2022-01-10 00:00:00 ET · period of report 2022-01-06 · accession 0000899243-22-001500 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-01-10 | 2022-01-06 | OPFI | Kaplan Jared | Dir | D - Sale to Iss | $0.00 | -54.2K | 8.41M | -0.6% | $0 |
| DI | 2022-01-10 | 2022-01-06 | OPFI | Kaplan Jared | Dir | D - Sale to Iss | $0.00 | -54.2K | 7.63M | -0.7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class V Common Stock | 2022-01-06 | D | D | 54,156 | $0.00 | 8,407,879 | I By OppFi Shares, LLC | — | — | (F1) Shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock"), of OppFi Inc. (the "Issuer") represent voting, non-economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation, as amended, or as required by applicable law, holders of Class V Common Stock will be entitled to one vote per share of Class V Common Stock on all matters to be voted on by the Issuer's stockholders generally. The shares of Class V Common Stock will be cancelled by the Issuer if the reporting person exercises (or causes OppFi Management Holdings, LLC ("OFMH") to exercise) Exchange Rights (as defined below in footnote 5). (F2) In connection with the forfeiture of 54,156 unvested Class A common units ("Common Units") of Opportunity Financial, LLC ("Opportunity Financial"), the reporting person is deemed to have forfeited the indirect right to cause OppFi Shares, LLC ("OFS") to dispose of 54,156 shares of Class V Common Stock to the Issuer pursuant to the reporting person's (or OFMH's) Exchange Rights. (F3) Includes 2,210,608 shares of Class V Common Stock subject to forfeiture in the event that the Earnout Units (as defined below in footnote 6) are not earned. (F4) The shares of Class V Common Stock are held by OFS, which has sole voting power over the shares of Class V Common Stock reported in Table I hereof. The reporting person has the indirect right to cause OFS to dispose of the shares of Class V Common Stock reported in Table I hereof to the Issuer pursuant to the reporting person's (or OFMH's) Exchange Rights. |
| 2 | Derivative | Class A Common Units | 2022-01-06 | D | D | 54,156 | $0.00 | 7,627,577 | I By OppFi Management Holdings, LLC | $0.00 · — to — | 7,627,577 Class A Common Stock | (F5) Common Units generally represent economic, non-voting interests in Opportunity Financial. The Issuer is the sole manager of Opportunity Financial and controls Opportunity Financial, except as provided by the Third Amended and Restated Limited Liability Company Agreement of Opportunity Financial (the "LLC Agreement") or applicable law. Pursuant to the LLC Agreement, each Common Unit can be exchanged by the holder from time to time for either one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer or, at the election of the Issuer in its capacity as the sole manager of Opportunity Financial, the cash equivalent of the market value of one share of Class A Common Stock, following the expiration of a lock-up period of up to 9-months from July 20, 2021 (the "Exchange Rights"). (F2) In connection with the forfeiture of 54,156 unvested Class A common units ("Common Units") of Opportunity Financial, LLC ("Opportunity Financial"), the reporting person is deemed to have forfeited the indirect right to cause OppFi Shares, LLC ("OFS") to dispose of 54,156 shares of Class V Common Stock to the Issuer pursuant to the reporting person's (or OFMH's) Exchange Rights. (F8) Includes 2,005,450 Earnout Units. (F9) These Common Units are held by OFMH, of which the reporting person is a member. OFMH is a member of Opportunity Financial. Pursuant to the terms of the Amended and Restated Limited Liability Company Agreement of OFMH, the reporting person has the right to cause OFMH to exercise for the benefit of the reporting person OFMH's Exchange Rights with respect to the Common Units indirectly held by the reporting person. |