Form 4 for OPFI OppFi Inc.
Accepted 2025-03-12 00:00:00 ET · period of report 2025-03-07 · accession 0000905148-25-000910 · 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 | 2025-03-12 | 2025-03-07 | OPFI | Vennettilli David | Dir | M - OptEx | $0.00 | +43.2K | 43.2K | New | $0 |
| D | 2025-03-12 | 2025-03-11 | OPFI | Vennettilli David | Dir | S - Sale+OE | $9.09 | -30.8K | 90.8K | -25% | -$279.6K |
| DI | 2025-03-12 | 2025-03-07 | OPFI | Vennettilli David | Dir | D - Sale to Iss | $0.00 | -43.2K | 1,000 | -98% | $0 |
| DI | 2025-03-12 | 2025-03-07 | OPFI | Vennettilli David | Dir | S - Sale+OE | $9.45 | -43.2K | 0 | -100% | -$408.6K |
| DI | 2025-03-12 | 2025-03-07 | OPFI | Vennettilli David | Dir | M - OptEx | $0.00 | -43.2K | 1,000 | -98% | $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 A Common Stock | 2025-03-07 | M | A | 43,238 | $0.00 | 43,238 | I By DAV 513 Revocable Trust | — | — | (F5) Reflects shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), received in connection with the exercise of the Exchange Rights by DAV. (F10) These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee and sole beneficiary. DAV is a member of Opportunity Financial and the reporting person has the right to cause DAV to exercise for the benefit of the reporting person DAV's Exchange Rights with respect to the Common Units indirectly held by the reporting person. |
| 2 | Common | Class A Common Stock | 2025-03-11 | S | D | 30,762 | $9.09 | 90,762 | D | — | — | (F7) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $9.00 to $9.44 for a weighted average sale price of $9.0947. 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. |
| 3 | Common | Class V Common Stock | 2025-03-07 | D | D | 43,238 | $0.00 | 1,000 | 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 DAV (as defined below in footnote 10) to exercise) Exchange Rights (as defined below in footnote 8). (F2) Reflects the cancellation of shares of Class V Common Stock in connection with the exercise of the Exchange Rights with respect to an equivalent number of Class A common units ("Common Units") of Opportunity Financial, LLC ("Opportunity Financial"). (F3) Excludes shares of Class V Common Stock that correspond to the Common Units held by each of TGS Capital Group LP, TGS MCS Capital Group LP, LTHS Capital Group LP, Ramble MCS Capital Group LP and Ward Capital Group LP (collectively, the "Trusts"). Mr. Vennettilli holds interests in each of the Trusts but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any. (F4) The shares of Class V Common Stock are held by OppFi Shares, LLC ("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 DAV's) Exchange Rights. |
| 4 | Common | Class A Common Stock | 2025-03-07 | S | D | 43,238 | $9.45 | 0 | I By DAV 513 Revocable Trust | — | — | (F6) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions with prices ranging from $9.35 to $9.58 for a weighted average sale price of $9.4492. 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. (F10) These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee and sole beneficiary. DAV is a member of Opportunity Financial and the reporting person has the right to cause DAV to exercise for the benefit of the reporting person DAV's Exchange Rights with respect to the Common Units indirectly held by the reporting person. |
| 5 | Derivative | Class A Common Units | 2025-03-07 | M | D | 43,238 | $0.00 | 1,000 | I By DAV 513 Revocable Trust | $0.00 · — to — | 43,238 Class A Common Stock | (F8) 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 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 (the "Exchange Rights"). (F9) Excludes Common Units held by each of the Trusts. Mr. Vennettilli holds interests in each of the Trusts but disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein, if any. (F10) These securities are held by DAV 513 Revocable Trust ("DAV"), of which the reporting person is the sole trustee and sole beneficiary. DAV is a member of Opportunity Financial and the reporting person has the right to cause DAV to exercise for the benefit of the reporting person DAV's Exchange Rights with respect to the Common Units indirectly held by the reporting person. |