Katherine Curnutte - 04 Jun 2024 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role
Director
Signature
By: /s/ Adam Martinez, as Attorney-in-fact for Katherine Curnutte
Issuer symbol
OPAD
Transactions as of
04 Jun 2024
Net transactions value
$0
Form type
4
Filing time
05 Jun 2024, 16:05:16 UTC
Previous filing
12 Jun 2023
Next filing
02 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAD Class A Common Stock Award $0 +13,333 +168% $0.000000 21,288 04 Jun 2024 Direct F1
* 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 on the earlier to occur of (i) the one-year anniversary of the grant date and (ii) the date of the next annual meeting of stockholders of the Issuer following the grant date, subject to continued service through the applicable vesting date. To the extent vested, RSUs 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.

Remarks:

On June 12, 2023, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The share counts herein have been adjusted to reflect the Reverse Stock Split.