Quick Takeaways
- This page summarizes Stephen Michael Johnson's Form 4 filing for Offerpad Solutions Inc. (OPAD).
- 2 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 03 Mar 2022, 16:00.
Stephen Michael Johnson - 01 Mar 2022 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)
- Signature
- /s/ Adam Martinez, as Attorney-in-Fact for Stephen Johnson
- Issuer symbol
- OPAD
- Transactions as of
- 01 Mar 2022
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 03 Mar 2022, 16:00:57 UTC
- Previous filing
- 03 Sep 2021
- SEC
- View on sec.gov
Quoteable Key Fact
"Stephen Michael Johnson filed Form 4 for Offerpad Solutions Inc. (OPAD) on 03 Mar 2022."
What Changed
- Previous filing in this sequence was filed on 03 Sep 2021.
- Current net transaction value: $0.
Why This Matters
- 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.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | OPAD | Class A Common Stock | Award | $0 | +52,109 | $0.000000 | 52,109 | 01 Mar 2022 | Direct | F1 |
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | OPAD | Performance-Based Restricted Stock | Award | $0 | +78,164 | $0.000000 | 78,164 | 01 Mar 2022 | Class A Common Stock | 78,164 | Direct | F2, F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. (the "Issuer") Class A common stock. The RSUs vest in three equal annual installments beginning on March 1, 2023. |
| F2 | Consists of performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. |
| F3 | The PSUs vest based on the Issuer's stock price performance over a performance period beginning on December 31, 2022 and ending on March 1, 2025. The award will vest, if at all, based on continued service and the Issuer's stock price exceeding certain thresholds. Any portion of the award that has not been earned by March 1, 2025 will be forfeited. |