{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-145405","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.430074+00:00","generated_at":"2026-06-01T09:19:49.436681+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Offerpad appoints Peter Knag as CFO effective June 5, 2024; terms include $500K base salary and equity awards","bullets":["Peter Knag appointed CFO effective June 5, 2024, succeeding James Grout who remains SVP Finance.","Base salary of $500,000; annual target bonus at 75% of base salary.","RSU award of 145,000 shares vesting over 2-3 years; LTIP award tied to stock price goals ($11.25-$33.75) with 0.206% sharing rate.","Relocation to Phoenix required by Oct 1, 2024; one-time $100,000 relocation payment.","Employment term one year with auto-renew; severance includes 12-month base salary on qualifying termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-145405","json":"https://secwatch.observer/filing/0001193125-24-145405.json","markdown":"https://secwatch.observer/filing/0001193125-24-145405.md","text":"https://secwatch.observer/filing/0001193125-24-145405.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/0001193125-24-145405-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/d827152d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:19:49.436681+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":"84a4cf9d67","claim":"James Grout changed role as Senior Vice President, Finance at Offerpad Solutions Inc..","evidence_excerpt":"succeeding James Grout in such roles, effective on the Effective Date. Mr. Grout will otherwise continue to serve as Senior Vice President, Finance.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/0001193125-24-145405-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"succeeded as CFO and continues as Senior Vice President, Finance"},{"label":"Role","value":"Senior Vice President, Finance"}]},{"claim_id":"b4362e9c8a","claim":"Peter Knag was appointed as Chief Financial Officer at Offerpad Solutions Inc..","evidence_excerpt":"appointed Peter Knag as the Company’s Chief Financial Officer, effective June 5, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/0001193125-24-145405-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}