---
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"
generated_at: "2026-06-01T09:19:49.436681+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Offerpad appoints Peter Knag as CFO effective June 5, 2024; terms include $500K base salary and equity awards

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-145405
- JSON: https://secwatch.observer/filing/0001193125-24-145405.json
- Plain text: https://secwatch.observer/filing/0001193125-24-145405.txt

## Key facts
- Executive change
  James Grout changed role as Senior Vice President, Finance at Offerpad Solutions Inc..
  - Action: succeeded as CFO and continues as Senior Vice President, Finance
  - Role: Senior Vice President, Finance
  source text: succeeding James Grout in such roles, effective on the Effective Date. Mr. Grout will otherwise continue to serve as Senior Vice President, Finance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/0001193125-24-145405-index.htm
- Executive change
  Peter Knag was appointed as Chief Financial Officer at Offerpad Solutions Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: appointed Peter Knag as the Company’s Chief Financial Officer, effective June 5, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312524145405/0001193125-24-145405-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.