InsiderTrades

Form 4 for OPAD Offerpad Solutions Inc.

Accepted 2021-09-03 00:00:00 ET · period of report 2021-09-01 · accession 0000899243-21-035199 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DI 2021-09-03 2021-09-01 OPAD Bair Brian CEO, Dir A - Grant — +2.65M 2.65M New —
D 2021-09-03 2021-09-01 OPAD Bair Brian CEO, Dir A - Grant — +12.17M 12.17M New —
DM 2021-09-03 2021-09-01 OPAD Bair Brian CEO, Dir A - Grant — +17.70M 14.82M New —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2021-09-01 A A 2,648,229 — 2,648,229 I — — (F1) On September 1, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of March 17, 2021, by and among the Issuer, Orchids Merger Sub LLC ("Merger Sub") and OfferPad, Inc. ("Old Offerpad"), Merger Sub merged with and into Old Offerpad with Old Offerpad surviving as a wholly owned subsidiary of Supernova Partners Acquisition Company, Inc., which changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger each issued and outstanding share of common stock of Old Offerpad was automatically cancelled and converted into approximately 7.533 (the "Exchange Ratio") shares of Class A common stock of the Issuer.
2 Common Class A Common Stock 2021-09-01 A A 12,168,007 — 12,168,007 D By The BBAB 2021 Irrevocable Trust — — (F1) On September 1, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of March 17, 2021, by and among the Issuer, Orchids Merger Sub LLC ("Merger Sub") and OfferPad, Inc. ("Old Offerpad"), Merger Sub merged with and into Old Offerpad with Old Offerpad surviving as a wholly owned subsidiary of Supernova Partners Acquisition Company, Inc., which changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger each issued and outstanding share of common stock of Old Offerpad was automatically cancelled and converted into approximately 7.533 (the "Exchange Ratio") shares of Class A common stock of the Issuer.
3 Derivative Stock Options 2021-09-01 A A 1,792,809 — 1,792,809 D $0.69 · — to 2027-02-09 1,792,809 Class A Common Stock (F5) Upon consummation of the Merger, each issued and outstanding option to purchase one share of common stock of Old Offerpad was automatically cancelled and converted into an option to purchase approximately 7.533 shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio. (F4) The option is vested and fully exercisable.
4 Derivative Stock Options 2021-09-01 A A 124,463 — 124,463 D $0.69 · — to 2027-07-10 124,463 Class A Common Stock (F5) Upon consummation of the Merger, each issued and outstanding option to purchase one share of common stock of Old Offerpad was automatically cancelled and converted into an option to purchase approximately 7.533 shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio. (F4) The option is vested and fully exercisable.
5 Derivative Stock Options 2021-09-01 A A 968,418 — 968,418 D $0.73 · — to 2027-02-09 968,418 Class A Common Stock (F5) Upon consummation of the Merger, each issued and outstanding option to purchase one share of common stock of Old Offerpad was automatically cancelled and converted into an option to purchase approximately 7.533 shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio. (F4) The option is vested and fully exercisable.
6 Derivative Class B Common Stock 2021-09-01 A A 14,816,236 — 14,816,236 D — · — to — 14,816,236 Class A Common Stock (F2) Each Class B common stock representes a contingent right to receive one share of Class A common stock. (F3) Each share of Class B common stock is convertible at any time at the option of the holder into one share of the Issuer's Class A common stock or upon the earliest to occur of (a) the date that is nine months following the date on which Mr. Bair (x) is no longer providing services, whether upon death, resignation, removal or otherwise, to Offerpad Solutions as a member of the senior leadership team, officer or director and (y) has not provided any such services for the duration of such nine-month period; and (b) the date as of which the Mr. Bair or his permitted transferees have transferred, in the aggregate, more than seventy-five (75%) of the shares of Class B common stock that were held by Mr. Bair and his permitted transferees as of September 1, 2021.