Offerpad (NYSE: OPAD) CLO has 235 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Offerpad Solutions Inc. Chief Legal Officer Adam Martinez reported a small share disposition that was purely for tax purposes. The company withheld 235 shares of Class A Common Stock, valued at $4.95 per share, to satisfy tax obligations on vested restricted stock units. After this withholding, Martinez directly holds 31,944 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinez Adam
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 235 | $4.95 | $1K |
Holdings After Transaction:
Class A Common Stock — 31,944 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 235 shares
Withholding price per share: $4.95 per share
Shares held after transaction: 31,944 shares
3 metrics
Shares withheld for taxes
235 shares
Tax withholding on RSU vesting
Withholding price per share
$4.95 per share
Value used for tax-withholding shares
Shares held after transaction
31,944 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Class A Common Stock
3 terms
restricted stock units financial
"tax withholding obligations on the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
Class A Common Stock financial
"235 shares of Class A Common Stock were withheld"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Offerpad (OPAD) report for Adam Martinez?
Offerpad reported that Chief Legal Officer Adam Martinez had 235 shares of Class A Common Stock withheld. The shares were used to cover tax obligations tied to the vesting of restricted stock units, rather than an open-market sale.
Was the Offerpad (OPAD) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Offerpad withheld 235 shares from Adam Martinez to satisfy tax obligations related to vested restricted stock units, a routine administrative transaction.
What does transaction code F mean in the Offerpad (OPAD) Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, Offerpad withheld 235 shares from Adam Martinez to cover tax liabilities on vested restricted stock units, rather than him choosing to buy or sell shares in the market.