Offerpad (NYSE: OPAD) director gains 3,558 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OHARA RYAN reported acquisition or exercise transactions in this Form 4 filing.
Offerpad Solutions Inc. director Ryan O'Hara reported an equity award of 3,558 shares of Class A common stock at a price of $0.00 per share. This award increases his directly held position to 36,429 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 the company, death, or disability. This reflects routine director compensation in equity rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OHARA RYAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,558 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 36,429 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 3,558 shares
Award price per share: $0.00 per share
Holdings after transaction: 36,429 shares
+1 more
4 metrics
Equity award size
3,558 shares
Grant of Class A Common Stock
Award price per share
$0.00 per share
Grant/award acquisition
Holdings after transaction
36,429 shares
Direct Class A Common Stock held
Transaction direction
1 acquisition
Form 4 transaction summary
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 (OPAD) director Ryan O'Hara report?
Ryan O'Hara reported receiving 3,558 shares of Class A common stock as an equity award at $0.00 per share, increasing his direct holdings to 36,429 shares as part of routine director compensation.
Was the Offerpad (OPAD) transaction an open-market buy or sell?
The transaction was not an open-market trade. It is recorded as a grant or award acquisition of 3,558 fully vested restricted stock units, rather than a purchase or sale on the open market.
When will the restricted stock units for Offerpad (OPAD) be settled?
The fully vested restricted stock units will be settled in Class A common shares within 45 days after the earliest of separation from service, a change in control, the director’s death, or disability.
What type of security was involved in this Offerpad (OPAD) Form 4 filing?
The filing involves Offerpad’s Class A common stock delivered through fully vested restricted stock units, which are equity awards that convert into shares upon specified settlement events.