Today announced, as part of its previously disclosed $20 million share repurchase authorization, the Company enacted a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to allow for the repurchase of its Class A common stock during the current quarterly earnings blackout.
The 10b5-1 trading plan became effective on June 10, 2022 and expires upon the earliest to occur of the expenditure of the amount specified in the plan, an early termination event, or the close of business on August 8, 2022.
Separately, OppFi announced the Schwartz family purchased an aggregate of $1.9 million in Class A common stock of the Company during the recent open trading period.
In addition, David Vennettilli, a member of the OppFi board of directors, purchased 10,151 shares of Class A common stock at an average price of $3.13 for $31,793 during the recent open trading period