Stephen Michael Johnson - 01 Mar 2022 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Reporting relationship: Chief Operating Officer
Issuer ticker: OPAD
Reported as of: 01 Mar 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Mar 2022, 16:00:57 UTC
Prior SEC filing: 03 Sep 2021
Source filing: View source filing
Reporting owner signature: /s/ Adam Martinez, as Attorney-in-Fact for Stephen Johnson

Key filing fact

Stephen Michael Johnson filed Form 4 for Offerpad Solutions Inc. (OPAD) on 03 Mar 2022.

Key facts

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.
Accepted by SEC: 03 Mar 2022, 16:00.

Change

Previous filing in this sequence was filed on 03 Sep 2021.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OPAD transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +52,109
Change %
Price: $0.000000
Shares after: 52,109
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OPAD transaction Derivative

Performance-Based Restricted Stock

Award

Transaction value: $0
Shares: +78,164
Change %
Price: $0.000000
Shares after: 78,164
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 78,164
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.