Offerpad (OPAD) director receives 4,807 RSUs as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEGIORGIO KENNETH D reported acquisition or exercise transactions in this Form 4 filing.
Offerpad Solutions Inc. director Kenneth D. DeGiorgio received an equity award of 4,807 shares of Class A Common Stock. The shares were granted at no cash cost per share and bring his directly held position reported in this filing to 45,615 shares.
The award consists of fully vested restricted stock units that will be settled in Class A common shares within 45 days after the earliest of the director’s separation from service, a change in control of Offerpad, the director’s death, or the director’s disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEGIORGIO KENNETH D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,807 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 45,615 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 4,807 shares
Grant price per share: $0.00 per share
Holdings after transaction: 45,615 shares
+1 more
4 metrics
Equity award size
4,807 shares
Grant of Class A Common Stock on June 30, 2026
Grant price per share
$0.00 per share
Director equity award acquisition
Holdings after transaction
45,615 shares
Director’s direct Class A Common Stock position after award
Settlement window
45 days
RSUs settled within 45 days after specified trigger events
Key Terms
restricted stock units, change in control, Class A Common Stock
3 terms
restricted stock units financial
"Consists of fully-vested restricted stock units, which will be settled in shares"
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.
change in control financial
"following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Class A Common Stock financial
"Class A Common Stock"
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 did Offerpad (OPAD) director Kenneth DeGiorgio report in this Form 4?
Kenneth DeGiorgio reported receiving an equity award of 4,807 shares of Offerpad Class A Common Stock. These shares were granted at no cash cost and increase his reported direct holdings to 45,615 shares as of the transaction date.
Was the Offerpad (OPAD) Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market trade; it was a grant or award acquisition of 4,807 shares at a price of $0.00 per share. This reflects compensation in equity rather than a discretionary market purchase or sale by the director.
What type of equity was granted to the Offerpad (OPAD) director in this filing?
The filing describes the award as fully vested restricted stock units that will be settled in Class A common shares. Settlement will occur within 45 days after specific events such as separation from service, a change in control, death, or disability.