Offerpad director granted 35,984 OPAD shares
Offerpad Solutions Inc. director Kenneth D. Degiorgio received an equity award of 35,984 shares of Class A common stock-equivalent.
Rhea-AI Filing Summary
Offerpad Solutions Inc. director Kenneth D. Degiorgio received an equity award of 35,984 shares of Class A common stock-equivalent. The award is reported at a price of $0.00 per share, reflecting a grant or other acquisition rather than an open-market purchase.
Following this award, Degiorgio holds 300,011 shares of Class A common stock on a direct basis. According to the disclosure, the grant consists of fully-vested restricted stock units that will be settled in Class A common shares within 45 days after the earliest of several events, including separation from service or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 35,984 shares
Grant/Award
1 txn
Insider
DEGIORGIO KENNETH D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 35,984 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 300,011 shares (Direct)
Footnotes (1)
- F1. Consists of fully-vested restricted stock units, which will be settled in shares of the Issuer's Class A common stock within 45 days following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer; (iii) the director's death; or (iv) the director's disability.
Key Figures
Equity award size: 35,984 shares
Post-transaction holdings: 300,011 shares
Settlement window: 45 days
+1 more
4 metrics
Equity award size
35,984 shares
Class A Common Stock-equivalent grant to director
Post-transaction holdings
300,011 shares
Director direct holdings after grant
Settlement window
45 days
RSU settlement timing after earliest trigger event
Grant price
$0.00 per share
Reported acquisition price for the award
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
"security_title": "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 insider transaction did Offerpad Solutions (OPAD) report for Kenneth D. Degiorgio?
Offerpad Solutions reported that director Kenneth D. Degiorgio received an equity award of 35,984 Class A common stock-equivalent shares. The transaction was coded as a grant or award acquisition, not an open-market purchase, and increased his directly held position to 300,011 shares.
Was the OPAD insider transaction a stock purchase or a grant to the director?
The OPAD transaction was a grant or award to director Kenneth D. Degiorgio, not a market purchase. He acquired 35,984 Class A common stock-equivalent shares at a reported price of $0.00 per share, reflecting compensation rather than cash investment in the stock.
What are the terms of the restricted stock units granted to the Offerpad (OPAD) director?
The grant to the Offerpad director consists of fully-vested restricted stock units that will be settled in Class A common shares. Settlement occurs within 45 days after the earliest of the director’s separation from service, a change in control, the director’s death, or the director’s disability.
Does the Offerpad (OPAD) Form 4 indicate any derivative option exercises?
The Offerpad Form 4 does not show any option or other derivative exercises in this transaction. It reports a single non-derivative acquisition of 35,984 Class A common stock-equivalent shares through a fully-vested restricted stock unit grant to director Kenneth D. Degiorgio.
AI-generated analysis. How Rhea-AI works. Not financial advice.
