4//SEC Filing
Burnett Michael S. 4
Accession 0000899243-22-009109
CIK 0001825024other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:00 PM ET
Size
7.9 KB
Accession
0000899243-22-009109
Insider Transaction Report
Form 4
Burnett Michael S.
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2022-03-01+79,404→ 79,404 total - Award
Performance-Based Restricted Stock Unit
2022-03-01+119,107→ 119,107 total→ Class A Common Stock (119,107 underlying)
Footnotes (3)
- [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.
Documents
Issuer
Offerpad Solutions Inc.
CIK 0001825024
Entity typeother
Related Parties
1- filerCIK 0001589233
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:00 PM ET
- Size
- 7.9 KB