Vennettilli David 4
4 · OppFi Inc. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
OppFi (OPFI) Director David Vennettilli Exercises Exchange Rights
What Happened
- Director David Vennettilli exercised exchange/conversion rights on April 28, 2026 to convert 284,501 Class V common shares (voting, non‑economic) into 284,501 shares of Class A common stock. The filing shows a disposition to the issuer of 284,501 Class V shares (cancelled) and an acquisition of 284,501 Class A shares via exercise/conversion. All transactions were reported at $0.00 (no cash proceeds).
Key Details
- Transaction date: 2026-04-28; Form 4 filed: 2026-04-30.
- Reported transactions/codes: M (exercise/conversion of derivative) and D (disposition to issuer/cancellation).
- Shares converted/disposed: 284,501 Class V shares cancelled; 284,501 Class A shares received. Reported price: $0.00.
- Holdings after transaction: the filing reports receipt of 284,501 Class A shares via the conversion, but does not list a consolidated “shares owned after” total for the reporting person.
- Not a market sale or purchase — this was an internal conversion/exchange (no cash changed hands).
- Related parties/structure: Class V shares were held by OppFi Shares, LLC; the Class A shares were received by DAV 513 Revocable Trust (DAV), of which Vennettilli is sole trustee and beneficiary. Footnotes explain these were exercise of Exchange Rights from Opportunity Financial Common Units.
Context
- This was a conversion/exchange transaction (derivative exercise), not an open‑market buy or sale. The Class V shares represented voting, non‑economic interests and were cancelled upon conversion; the economic Class A shares were issued/received instead. Such internal exchanges are corporate-structure actions rather than typical insider buys or opportunistic sales.
Insider Transaction Report
Form 4
OppFi Inc.OPFI
Vennettilli David
Director
Transactions
- Disposition to Issuer
Class V Common Stock
[F1][F2][F3]2026-04-28−284,501→ 0 total(indirect: By LLC) - Exercise/Conversion
Class A Common Stock
[F4][F5]2026-04-28+284,501→ 284,501 total(indirect: By Trust) - Exercise/Conversion
Class A Common Units
[F6][F5]2026-04-28−284,501→ 0 total(indirect: By Trust)Exercise: $0.00→ Class A Common Stock (284,501 underlying)
Holdings
- 142,389
Class A Common Stock
Footnotes (6)
- [F1]Shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock"), of OppFi Inc. (the "Issuer") represented 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 were 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 would be cancelled by the Issuer if the reporting person exercised (or caused DAV (as defined below in footnote 5) to exercise) Exchange Rights (as defined below in footnote 6).
- [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]The shares of Class V Common Stock were held by OppFi Shares, LLC ("OFS"), which had sole voting power over the shares of Class V Common Stock reported in Table I hereof. The reporting person had 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.
- [F4]Reflects shares of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") received in connection with the exercise of the Exchange Rights by DAV.
- [F5]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 had 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.
- [F6]Common Units of Opportunity Financial generally represented 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 could be exchanged by the holder from time to time for either one share of Class A Common Stock 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").
Signature
/s/ Marv Gurevich, Esq., as attorney-in-fact for David Vennettilli|2026-04-30