---
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"
generated_at: "2026-05-25T23:56:24.389378+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Offerpad approves employment agreement with SVP Finance James Grout; base salary $325K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-042474
- JSON: https://secwatch.observer/filing/0001193125-25-042474.json
- Plain text: https://secwatch.observer/filing/0001193125-25-042474.txt

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