{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-042474","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2025-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.101356+00:00","generated_at":"2026-05-25T23:56:24.389378+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Offerpad approves employment agreement with SVP Finance James Grout; base salary $325K","bullets":["Employment agreement effective March 1, 2025, for James Grout as SVP Finance.","Base salary of $325,000 per year; annual bonus target of 50% of base salary.","Severance: 12 months base salary upon termination without cause or non-renewal; includes COBRA coverage.","On a change-in-control termination, severance increases to base salary plus target bonus, with equity acceleration.","Non-compete and non-solicitation restrictions for 18 months post-employment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-042474","json":"https://secwatch.observer/filing/0001193125-25-042474.json","markdown":"https://secwatch.observer/filing/0001193125-25-042474.md","text":"https://secwatch.observer/filing/0001193125-25-042474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525042474/0001193125-25-042474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525042474/d911497d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T23:56:24.389378+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}