Favilla Christina M 4
Research Summary
AI-generated summary
OppFi (OPFI) Director Christina Favilla Sells Shares
What Happened
Christina M. Favilla, a director of OppFi Inc. (OPFI), sold 30,000 shares in an open-market transaction on June 8, 2026 for a weighted average price of $8.1392 (proceeds ≈ $244,176). She was also reported as acquiring 16,843 restricted stock units (RSUs) on June 9, 2026 (no cash price). The RSUs are awards that convert to one share each subject to vesting rules.
Key Details
- Sale: 30,000 shares sold on 2026-06-08; weighted average sale price $8.1392 (prices in the range $8.11–$8.21); total proceeds ≈ $244,176. (Footnote F1: weighted average; reporting person can provide per-trade detail on request.)
- Award: 16,843 RSUs granted on 2026-06-09 at $0.00 (no cash outlay). Footnote F3: RSUs generally vest 100% on the earlier of the one‑year anniversary of grant or the next annual meeting, subject to continued service and plan terms.
- Deferred shares: Footnote F4 indicates some RSUs are deferred and the underlying shares will be issued on June 8, 2029.
- Prior transfer: Footnote F2 notes an August/September 2025 transfer of 186,737 shares to a joint revocable trust that was exempt from Section 16 reporting and has been reflected in adjusted amounts.
- Shares owned after transaction: not stated in the excerpt of the filing provided here; see the full Form 4 for post-transaction holdings.
- Filing timeliness: Report filed 2026-06-10 for transactions dated 2026-06-08 and 06-09 — appears timely under Section 16 reporting windows.
Context
- The sale was an open-market disposition (S) and the RSUs are non‑cash awards (A). Sales can be routine (liquidity/tax reasons); RSU grants are compensation-related and vesting is time‑based per the plan. This filing shows both a sale and a contemporaneous grant — factual record only, no inference about motivations.