Form 4: Offerpad Solutions Inc. Executive Hiten M. Patel Reports Tax Withholding Transaction
SEC Form 4 Filing
Hiten M. Patel, a Senior Vice President at Offerpad Solutions Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 4, 2024, Hiten M. Patel, a Senior Vice President at Offerpad Solutions Inc., had 100 shares of Class A Common Stock withheld by the issuer to satisfy tax obligations.
- The price per share for the transaction was $7.24.
- Following the transaction, Patel directly owns 705 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations, not indicative of positive or negative sentiment towards the company.
Industry Context
This is a routine Form 4 filing, which is common for executives who receive stock-based compensation. It reflects standard tax withholding procedures and doesn't necessarily indicate a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction where shares were withheld for tax obligations. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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