Offerpad (OPAD) director Mathias Gallagher receives 108,696 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mathias Tela Gallagher reported acquisition or exercise transactions in this Form 4 filing.
Offerpad Solutions Inc. director Mathias Tela Gallagher reported receiving a grant of Class A common stock in the form of restricted stock units. He was awarded 108,696 RSUs, each representing one share of Offerpad Class A common stock when vested. After this award, his total reported direct holdings increased to 245,060 shares, reflecting his equity-based compensation. The RSUs vest on the earlier of June 3, 2027 or the date of Offerpad’s next annual stockholder meeting following the grant, as long as he continues to serve through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathias Tela Gallagher
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 108,696 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 245,060 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 108,696 RSUs
Transaction price: $0.0000 per share
Total holdings after grant: 245,060 shares
+1 more
4 metrics
RSU grant size
108,696 RSUs
Equity award reported on Form 4
Transaction price
$0.0000 per share
RSU grant price per share
Total holdings after grant
245,060 shares
Direct ownership following RSU award
Vesting date
June 3, 2027
Latest possible RSU vesting date
Key Terms
restricted stock units, RSUs, contingent right, vesting date, +1 more
5 terms
restricted stock units financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
RSUs financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc."
vesting date financial
"The RSUs vest on the earlier to occur of (i) June 3, 2027 and (ii) the date of the next annual meeting"
annual meeting of stockholders financial
"the date of the next annual meeting of stockholders of the Issuer following the grant date"
FAQ
What insider transaction did Offerpad (OPAD) report for Mathias Tela Gallagher?
Offerpad reported that director Mathias Tela Gallagher received a grant of 108,696 restricted stock units of Class A common stock. These RSUs are equity compensation and increase his direct holdings reported on the Form 4.
What are the vesting terms of Mathias Tela Gallagher’s new RSUs at Offerpad (OPAD)?
The 108,696 RSUs vest on the earlier of June 3, 2027 or the date of Offerpad’s next annual stockholder meeting after the grant. Vesting is contingent on his continued service through the applicable vesting date.
What type of security did Mathias Tela Gallagher receive from Offerpad (OPAD)?
He received restricted stock units, or RSUs, tied to Offerpad’s Class A common stock. Each RSU represents a contingent right to receive one share upon vesting, subject to continued service and the specified vesting schedule.