[Form 4] Offerpad Solutions Inc. Insider Trading Activity
Rhea-AI Filing Summary
Kenneth DeGiorgio, a director of Offerpad Solutions Inc. (OPAD), reported a securities transaction dated 09/30/2025. The filing shows acquisition of 4,196 shares through fully-vested restricted stock units (RSUs) with an acquisition price of $0. The RSUs will be settled into Class A common shares within 45 days after the earliest of separation from service, a change in control, death, or disability.
After the reported transaction, DeGiorgio beneficially owns 249,565 shares of Class A common stock. The filing also notes 1,383 shares were received in a pro‑rata in‑kind distribution exempt from reporting under Rule 16a-9. The Form 4 is signed by an attorney-in-fact, Adam Martinez, and indicates a single reporting person.
Positive
- 4,196 fully-vested RSUs acquired at $0
- Beneficial ownership reported at 249,565 Class A shares following the transaction
- 1,383 shares received via pro‑rata in‑kind distribution exempt under Rule 16a-9
Negative
- None.
Insights
Director received 4,196 fully-vested RSUs, increasing reported holdings to 249,565 shares.
This Form 4 documents a non‑cash award: 4,196 RSUs that are fully vested and slated to settle into Class A shares within 45 days upon specified triggering events. The filing confirms the director's reported beneficial ownership level at 249,565 shares after the transaction, including a separate 1,383-share in‑kind distribution.
Transaction reported under Section 16; in‑kind distribution noted as exempt via Rule 16a-9.
The Form 4 indicates the RSU settlement and the in‑kind pro‑rata distribution were disclosed explicitly, with the in‑kind portion identified as exempt from reporting under Rule 16a-9. The document is filed as a single reporting person filing and is signed by an attorney-in-fact, fulfilling the filing signature requirement.