Key facts
- This page summarizes Stephen Michael Johnson's Form 4 filing for Offerpad Solutions Inc. (OPAD).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Sep 2021, 18:39.
Stephen Michael Johnson - 01 Sep 2021 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- OPAD
- Reported as of
- 01 Sep 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Sep 2021, 18:39:26 UTC
- Next SEC filing
- 03 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adam Martinez, as Attorney-in-Fact for Stephen Johnson
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Stephen Michael Johnson filed Form 4 for Offerpad Solutions Inc. (OPAD) on 03 Sep 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OPAD
transaction
Derivative
Stock Options
Award
- Transaction value
- Shares
- +1,129,912
- Change %
- Price
- Shares after
- 1,129,912
- Date
- 01 Sep 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,129,912
- Exercise price
- $1.23
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
The stock option will vest and become exercisable with 25% on August 10, 2021 and then ratably in equal quarterly installments over the following three years thereafter.
Footnote F2
On September 1, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of March 17, 2021, by and among the Issuer, Orchids Merger Sub LLC ("Merger Sub") and OfferPad, Inc. ("Old Offerpad"), Merger Sub merged with and into Old Offerpad with Old Offerpad surviving as a wholly owned subsidiary of Supernova Partners Acquisition Company, Inc., which changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger each issued and outstanding option to purchase one share of Old Offerpad common stock was automatically cancelled and converted into an option to purchase approximately 7.533 (the "Exchange Ratio") shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio.