OHARA RYAN 4
Research Summary
AI-generated summary
Offerpad (OPAD) Director Ryan Ohara Receives RSU Award
What Happened
Ryan Ohara, a director of Offerpad Solutions Inc. (OPAD), was granted 108,696 restricted stock units (RSUs) on 2026-06-03. The award was reported as an acquisition (code A) at $0.00 per unit — a typical equity compensation grant rather than a market purchase or sale.
Key Details
- Transaction date: 2026-06-03; reported on Form 4 filed 2026-06-05 (timely filing).
- Amount: 108,696 RSUs; reported acquisition price $0.00 (no cash paid at grant).
- Shares owned after transaction: not disclosed in the Form 4 filing.
- Footnote: RSUs each represent a contingent right to one share; vesting occurs on the earlier of June 3, 2027 or the next annual stockholder meeting, subject to continued service. Upon vesting, RSUs will be settled in Class A common stock within 45 days following the earliest to occur of certain events (separation from service, change in control, death, or disability).
- Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or cashless sale noted.
Context
RSU grants to non-employee directors are common as compensation for board service; they are not immediate purchases and do not necessarily signal insider buying or selling intent. The economic value to the director depends on Offerpad’s stock price at the time the RSUs vest and are settled.