Form 4 for OPAD Offerpad Solutions Inc.
Accepted 2021-09-03 00:00:00 ET · period of report 2021-09-01 · accession 0000899243-21-035212 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-03 | 2021-09-01 | OPAD | Supernova Partners LLC | 10% | C - Cnv Deriv | — | +9.86M | 9.86M | New | — |
| D | 2021-09-03 | 2021-09-01 | OPAD | Supernova Partners LLC | 10% | C - Cnv Deriv | — | -9.86M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-09-01 | C | A | 9,861,250 | — | 9,861,250 | D | — | — | (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., who changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger, each issued and outstanding share of Class B common stock was automatically converted on a one-for one basis into shares of Class A common stock of the Issuer. The Class B common stock was not subject to vesting and did not have an expiration date. (F2) The Form 3 filed on October 20, 2020, and Form 4 filed on October 27, 2020 by Supernova Partners LLC, included Messrs. Rascoff, Klabin, Clifton and Reid as beneficial owners of the Class B Common Stock and Warrants held by Supernova Partners LLC. Messrs. Rascoff, Klabin, Clifton and Reid are not deemed to be beneficials owners and were inlcuded on the Form 3 and Form 4 in error. |
| 2 | Derivative | Class B Common Stock | 2021-09-01 | C | D | 9,861,250 | — | 0 | D | — · — to — | 9,861,250 Class A Common Stock | (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., who changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger, each issued and outstanding share of Class B common stock was automatically converted on a one-for one basis into shares of Class A common stock of the Issuer. The Class B common stock was not subject to vesting and did not have an expiration date. (F2) The Form 3 filed on October 20, 2020, and Form 4 filed on October 27, 2020 by Supernova Partners LLC, included Messrs. Rascoff, Klabin, Clifton and Reid as beneficial owners of the Class B Common Stock and Warrants held by Supernova Partners LLC. Messrs. Rascoff, Klabin, Clifton and Reid are not deemed to be beneficials owners and were inlcuded on the Form 3 and Form 4 in error. |