[Form 4] Offerpad Solutions Inc. Insider Trading Activity
Offerpad Solutions Inc. (OPAD) director Kenneth DeGiorgio was awarded 71,429 restricted stock units (RSUs) with a transaction date of 08/08/2025. Each RSU represents a contingent right to one share of the company鈥檚 Class A common stock and, if vested, will be settled in shares.
The RSUs vest on the earlier of June 5, 2026 or the date of the next annual meeting of stockholders, and are subject to continued service through the vesting date. The RSUs will be settled in shares within 45 days following the earliest of: the director鈥檚 separation from service, a change in control, death, or disability. After this grant, Mr. DeGiorgio beneficially owns 243,986 Class A shares.
Offerpad Solutions Inc. (OPAD) amministratore Kenneth DeGiorgio 猫 stato assegnato 71,429 restricted stock units (RSU) con data dell鈥檕perazione 08/08/2025. Ciascuna RSU rappresenta il diritto condizionato a una azione della Classe A della societ脿 e, se maturata, sar脿 liquidata in azioni.
Le RSU maturano nella data che si verifica prima tra 5 giugno 2026 o la data della prossima assemblea annuale degli azionisti e sono soggette alla continuazione del servizio fino alla data di maturazione. Le RSU saranno liquidate in azioni entro 45 giorni dalla prima delle seguenti circostanze: la cessazione del servizio del direttore, un cambio di controllo, morte o invalidit脿. Dopo questa assegnazione, il sig. DeGiorgio detiene a titolo beneficiario 243,986 azioni Classe A.
Offerpad Solutions Inc. (OPAD) director Kenneth DeGiorgio recibi贸 71,429 unidades de acciones restringidas (RSU) con fecha de operaci贸n 08/08/2025. Cada RSU representa el derecho condicional a una acci贸n de la Clase A de la compa帽铆a y, si se adquiere, se liquidar谩 en acciones.
Las RSU se devengan en la fecha que ocurra primero entre el 5 de junio de 2026 o la fecha de la pr贸xima junta anual de accionistas y est谩n sujetas a la prestaci贸n continua de servicio hasta la fecha de devengo. Las RSU se liquidar谩n en acciones dentro de los 45 d铆as siguientes a la primera de las siguientes situaciones: la separaci贸n del director de su cargo, un cambio de control, fallecimiento o discapacidad. Tras esta concesi贸n, el Sr. DeGiorgio posee beneficiariamente 243,986 acciones Clase A.
Offerpad Solutions Inc. (OPAD) 鞚挫偓 Kenneth DeGiorgio鞐愱矊 瓯半灅鞚检瀽 08/08/2025搿� 71,429 鞝滍暅 欤检嫕 雼渼(RSU)臧� 攵�鞐悩鞐堨姷雼堧嫟. 臧� RSU電� 須岇偓鞚� Class A 氤错喌欤� 1欤检棎 雽�頃� 臁瓣贝攵� 甓岆Μ毳� 鞚橂頃橂┌, 甓岆Μ 頇曥爼(vesting) 鞁� 欤检嫕鞙茧 歆�旮夒惄雼堧嫟.
鞚� RSU霌れ潃 2026雲� 6鞗� 5鞚� 霕愲姅 雼れ潓 鞐半 欤检＜齑濏殞 臧滌禍鞚� 欷� 牍犽ジ 雮犾棎 甓岆Μ臧� 頇曥爼霅橂┌, 甓岆Μ 頇曥爼鞚缄箤歆� 瓿勳啀 攴茧頃挫暭 頃╇媹雼�. RSU電� 頃措嫻 鞚挫偓臧� 歆侅渼毳� 鞚错儓頃橂姅 瓴届毎, 歆�氚瓣秾 氤�瓴�, 靷 霕愲姅 鞛レ暊 欷� 臧�鞛� 毹检爛 氚滌儩頃� 靷湢 頉� 45鞚� 鞚措偞鞐� 欤检嫕鞙茧 歆�旮夒惄雼堧嫟. 鞚措矆 攵�鞐� 頉� DeGiorgio 鞌姅 鞁れ鞝侅溂搿� 243,986欤检潣 Class A 欤检嫕鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Offerpad Solutions Inc. (OPAD) administrateur Kenneth DeGiorgio s'est vu attribuer 71 429 unit茅s d'actions restreintes (RSU) avec une date de transaction au 08/08/2025. Chaque RSU repr茅sente le droit conditionnel 脿 une action de la classe A de la soci茅t茅 et, si elle est acquise, sera r茅gl茅e en actions.
Les RSU acqui猫rent des droits 脿 la date la plus proche entre le 5 juin 2026 ou la date de la prochaine assembl茅e annuelle des actionnaires et sont soumises 脿 la poursuite du service jusqu'脿 la date d'acquisition. Les RSU seront r茅gl茅es en actions dans les 45 jours suivant le premier des 茅v茅nements suivants : la cessation de service de l'administrateur, un changement de contr么le, le d茅c猫s ou l'invalidit茅. Apr猫s cette attribution, M. DeGiorgio d茅tient 脿 titre b茅n茅ficiaire 243 986 actions de classe A.
Offerpad Solutions Inc. (OPAD) Direktor Kenneth DeGiorgio wurden 71.429 Restricted Stock Units (RSUs) mit Transaktionsdatum 08/08/2025 gew盲hrt. Jede RSU stellt ein bedingtes Recht auf eine Aktie der Class-A-Stammaktien der Gesellschaft dar und wird bei Vesting in Aktien ausgezahlt.
Die RSUs vesten an dem fr眉heren der beiden Daten 5. Juni 2026 oder dem Termin der n盲chsten j盲hrlichen Hauptversammlung der Aktion盲re und setzen fortlaufende Dienstleistung bis zum Vestingdatum voraus. Die RSUs werden in Aktien innerhalb von 45 Tagen nach dem jeweils zuerst eintretenden Ereignis ausgezahlt: dem Ausscheiden des Direktors aus dem Dienst, einer Kontroll盲nderung, Tod oder Invalidit盲t. Nach dieser Zuteilung h盲lt Herr DeGiorgio wirtschaftlich 243.986 Class-A-Aktien.
- Alignment with shareholders: RSUs link the director鈥檚 compensation to equity performance by converting to Class A shares upon vesting.
- Non-cash compensation: The award is an equity grant at $0 cash price, conserving company cash while compensating the director.
- Potential dilution: Settlement of 71,429 RSUs into shares will increase outstanding shares when vested and settled.
- Concentration risk: After the grant the reporting person beneficially owns 243,986 Class A shares, which may influence voting power depending on total outstanding shares.
Insights
TL;DR: Routine director equity grant; aligns director incentives with shareholders without immediate cash cost.
The Form 4 discloses a non-cash award of 71,429 RSUs to director Kenneth DeGiorgio that converts to one Class A share per RSU upon vesting. This is a customary compensation mechanism for board members to align interests with shareholders. The award vests on a time/event schedule and will be settled in shares within 45 days after specified triggering events, which could cause dilution when settled. The filing shows total beneficial ownership of 243,986 Class A shares following the grant.
TL;DR: Standard governance practice; grant terms include common service and change-in-control provisions.
The RSU vesting schedule鈥攅arlier of a fixed date or next annual meeting鈥攁nd settlement triggers including separation, change in control, death, or disability are typical for director awards and provide retention incentives. The Form 4 indicates the grant was reported under Section 16 and filed by one reporting person. There are no disclosed unusual acceleration clauses beyond customary change-in-control and separation provisions in the explanation provided.
Offerpad Solutions Inc. (OPAD) amministratore Kenneth DeGiorgio 猫 stato assegnato 71,429 restricted stock units (RSU) con data dell鈥檕perazione 08/08/2025. Ciascuna RSU rappresenta il diritto condizionato a una azione della Classe A della societ脿 e, se maturata, sar脿 liquidata in azioni.
Le RSU maturano nella data che si verifica prima tra 5 giugno 2026 o la data della prossima assemblea annuale degli azionisti e sono soggette alla continuazione del servizio fino alla data di maturazione. Le RSU saranno liquidate in azioni entro 45 giorni dalla prima delle seguenti circostanze: la cessazione del servizio del direttore, un cambio di controllo, morte o invalidit脿. Dopo questa assegnazione, il sig. DeGiorgio detiene a titolo beneficiario 243,986 azioni Classe A.
Offerpad Solutions Inc. (OPAD) director Kenneth DeGiorgio recibi贸 71,429 unidades de acciones restringidas (RSU) con fecha de operaci贸n 08/08/2025. Cada RSU representa el derecho condicional a una acci贸n de la Clase A de la compa帽铆a y, si se adquiere, se liquidar谩 en acciones.
Las RSU se devengan en la fecha que ocurra primero entre el 5 de junio de 2026 o la fecha de la pr贸xima junta anual de accionistas y est谩n sujetas a la prestaci贸n continua de servicio hasta la fecha de devengo. Las RSU se liquidar谩n en acciones dentro de los 45 d铆as siguientes a la primera de las siguientes situaciones: la separaci贸n del director de su cargo, un cambio de control, fallecimiento o discapacidad. Tras esta concesi贸n, el Sr. DeGiorgio posee beneficiariamente 243,986 acciones Clase A.
Offerpad Solutions Inc. (OPAD) 鞚挫偓 Kenneth DeGiorgio鞐愱矊 瓯半灅鞚检瀽 08/08/2025搿� 71,429 鞝滍暅 欤检嫕 雼渼(RSU)臧� 攵�鞐悩鞐堨姷雼堧嫟. 臧� RSU電� 須岇偓鞚� Class A 氤错喌欤� 1欤检棎 雽�頃� 臁瓣贝攵� 甓岆Μ毳� 鞚橂頃橂┌, 甓岆Μ 頇曥爼(vesting) 鞁� 欤检嫕鞙茧 歆�旮夒惄雼堧嫟.
鞚� RSU霌れ潃 2026雲� 6鞗� 5鞚� 霕愲姅 雼れ潓 鞐半 欤检＜齑濏殞 臧滌禍鞚� 欷� 牍犽ジ 雮犾棎 甓岆Μ臧� 頇曥爼霅橂┌, 甓岆Μ 頇曥爼鞚缄箤歆� 瓿勳啀 攴茧頃挫暭 頃╇媹雼�. RSU電� 頃措嫻 鞚挫偓臧� 歆侅渼毳� 鞚错儓頃橂姅 瓴届毎, 歆�氚瓣秾 氤�瓴�, 靷 霕愲姅 鞛レ暊 欷� 臧�鞛� 毹检爛 氚滌儩頃� 靷湢 頉� 45鞚� 鞚措偞鞐� 欤检嫕鞙茧 歆�旮夒惄雼堧嫟. 鞚措矆 攵�鞐� 頉� DeGiorgio 鞌姅 鞁れ鞝侅溂搿� 243,986欤检潣 Class A 欤检嫕鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Offerpad Solutions Inc. (OPAD) administrateur Kenneth DeGiorgio s'est vu attribuer 71 429 unit茅s d'actions restreintes (RSU) avec une date de transaction au 08/08/2025. Chaque RSU repr茅sente le droit conditionnel 脿 une action de la classe A de la soci茅t茅 et, si elle est acquise, sera r茅gl茅e en actions.
Les RSU acqui猫rent des droits 脿 la date la plus proche entre le 5 juin 2026 ou la date de la prochaine assembl茅e annuelle des actionnaires et sont soumises 脿 la poursuite du service jusqu'脿 la date d'acquisition. Les RSU seront r茅gl茅es en actions dans les 45 jours suivant le premier des 茅v茅nements suivants : la cessation de service de l'administrateur, un changement de contr么le, le d茅c猫s ou l'invalidit茅. Apr猫s cette attribution, M. DeGiorgio d茅tient 脿 titre b茅n茅ficiaire 243 986 actions de classe A.
Offerpad Solutions Inc. (OPAD) Direktor Kenneth DeGiorgio wurden 71.429 Restricted Stock Units (RSUs) mit Transaktionsdatum 08/08/2025 gew盲hrt. Jede RSU stellt ein bedingtes Recht auf eine Aktie der Class-A-Stammaktien der Gesellschaft dar und wird bei Vesting in Aktien ausgezahlt.
Die RSUs vesten an dem fr眉heren der beiden Daten 5. Juni 2026 oder dem Termin der n盲chsten j盲hrlichen Hauptversammlung der Aktion盲re und setzen fortlaufende Dienstleistung bis zum Vestingdatum voraus. Die RSUs werden in Aktien innerhalb von 45 Tagen nach dem jeweils zuerst eintretenden Ereignis ausgezahlt: dem Ausscheiden des Direktors aus dem Dienst, einer Kontroll盲nderung, Tod oder Invalidit盲t. Nach dieser Zuteilung h盲lt Herr DeGiorgio wirtschaftlich 243.986 Class-A-Aktien.
FAQ
Who filed the Form 4 for Offerpad (OPAD)?
What was acquired in the Form 4 for OPAD and when?
How many shares does Kenneth DeGiorgio beneficially own after the transaction?
What are the vesting and settlement terms for the RSUs?
Was cash paid for the RSU award?
