Offerpad Solutions Inc. (OPAD) awards director 136,364 restricted stock units
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 an equity award of 136,364 shares of Class A common stock in the form of restricted stock units (RSUs). Each RSU represents a right to receive one share. The RSUs vest in three equal annual installments on the first three anniversaries of February 13, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathias Tela Gallagher
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 136,364 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 136,364 shares (Direct)
Footnotes (1)
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FAQ
What did Offerpad (OPAD) director Mathias Tela Gallagher report in this Form 4?
Director Mathias Tela Gallagher reported receiving 136,364 restricted stock units of Offerpad Class A common stock. These RSUs are an equity award, not a cash transaction, and will convert into shares only as they vest over time according to the disclosed schedule.
What is the vesting schedule for Mathias Tela Gallagher’s RSUs at Offerpad (OPAD)?
The RSUs vest as to one-third of the underlying shares on each of the first three anniversaries of February 13, 2026. This means the award becomes fully vested over three years, assuming the applicable vesting conditions continue to be satisfied.
Did Mathias Tela Gallagher pay a purchase price for the Offerpad (OPAD) RSUs?
The reported transaction price per share is $0.0000, indicating the RSUs were granted as an award rather than bought in the open market. This is typical for director and executive equity compensation grants structured as restricted stock units.