Offerpad Solutions Inc. (OPAD): CFO Peter Knag mutual agreement; interim named

Events in this filing

Item 5.02 as filed

Item 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2026 (the “Effective Date”), Offerpad Solutions Inc. (the “Company”) and Peter Knag agreed that Mr. Knag will step down as Chief Financial Officer of the Company, effective as of the Effective Date. Mr. Knag’s departure was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Knag will remain employed by the Company as a Senior Advisor through November 30, 2026, to support an orderly transition. The Company thanks Mr. Knag for his service to the Company. In connection with the termination of Mr. Knag’s employment, he will be eligible to receive separation payments and benefits in accordance with his employment agreement.
On the Effective Date, the Board of Directors of the Company appointed Andrew Pieper, the Company’s Senior Vice President, Controller, as Interim Chief Financial Officer, to succeed Mr. Knag, effective on the Effective Date. Consistent with the foregoing, Mr. Pieper will assume the roles of principal financial officer and principal accounting officer of the Company, effective on the Effective Date.
Mr. Pieper, age 44, has served as the Company’s Senior Vice President, Controller, from August 2025 to present, prior to which he served as the Company’s Vice President, Controller since May 2024 and Director, Financial Reporting from July 2021 to May 2024. Prior to joining the Company, Mr. Pieper served as the Assistant Controller at Vanta Education, a global education group, from October 2018 to July 2021, and held roles of varying levels of responsibility at Apollo Education Group, a parent entity from which Vanta Education was spun-out, from April 2009 to October 2018. Prior to joining Apollo Education Group, Mr. Pieper served in various audit roles at KPMG LLP from August 2004 to April 2009. Mr. Pieper received his Bachelor of Science in Accounting from Northern Arizona University and is a Certified Public Accountant in the State of Arizona.
There are no arrangements or understandings between Mr. Pieper and any other person pursuant to which he is being appointed as Interim Chief Financial Officer of the Company. There are also no family relationships between Mr. Pieper and any director or executive officer of the Company, and Mr. Pieper does not have any direct or indirect material interest in any transaction required to be reported pursuant to Item 404(a) of Regulation S-K.