{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-182801","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.505574+00:00","generated_at":"2026-06-13T12:07:04.263481+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Offerpad appoints Axon veteran Jawad Ahsan as CFO, effective July 10","bullets":["Jawad Ahsan named CFO effective July 10, 2023; former CFO of Axon (market cap grew from $1B to $13B).","Outgoing CFO Michael Burnett remains in advisory role through August 1, 2023.","Ahsan receives $400k base salary, target bonus 100% of base, 136,111 RSUs, and performance-based LTIP tied to stock price.","Burnett's departure treated as non-cause termination; eligible for separation payments per his employment agreement.","Chief Legal Officer Benjamin Aronovitch granted $300k retention bonus payable June 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-182801","json":"https://secwatch.observer/filing/0001193125-23-182801.json","markdown":"https://secwatch.observer/filing/0001193125-23-182801.md","text":"https://secwatch.observer/filing/0001193125-23-182801.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523182801/0001193125-23-182801-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523182801/d471063d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T12:07:04.263481+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"550ccca92c","claim":"Michael Burnett was terminated as Chief Financial Officer at Offerpad Solutions Inc..","evidence_excerpt":"Mr. Burnett is expected to remain with the Company in an advisory capacity through August 1, 2023 to assist with the transition.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523182801/0001193125-23-182801-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"d89d2e664a","claim":"Jawad Ahsan was appointed as Chief Financial Officer at Offerpad Solutions Inc..","evidence_excerpt":"the Board of Directors (the \"Board\") of Offerpad Solutions Inc. (the \"Company\" or \"Offerpad\") appointed Jawad Ahsan to succeed Michael Burnett as the Company’s Chief Financial Officer, effective July 10, 2023","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523182801/0001193125-23-182801-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}