Form 4 for OPAD Offerpad Solutions Inc.
Accepted 2023-06-09 00:00:00 ET · period of report 2023-06-08 · accession 0000950170-23-027295 · 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 | 2023-06-09 | 2023-06-08 | OPAD | Bair Brian | CEO, Dir | C - Cnv Deriv | $0.00 | +11.86M | 12.20M | +3,467% | $0 |
| DI | 2023-06-09 | 2023-06-08 | OPAD | Bair Brian | CEO, Dir | C - Cnv Deriv | $0.00 | +2.96M | 2.96M | New | $0 |
| D | 2023-06-09 | 2023-06-08 | OPAD | Bair Brian | CEO, Dir | C - Cnv Deriv | $0.00 | -11.86M | 0 | -100% | $0 |
| DI | 2023-06-09 | 2023-06-08 | OPAD | Bair Brian | CEO, Dir | C - Cnv Deriv | $0.00 | -2.96M | 0 | -100% | $0 |
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 | 2023-06-08 | C | A | 11,856,762 | $0.00 | 12,198,759 | D By The BBAB 2021 Irrevocable Trust | — | — | |
| 2 | Common | Class A Common Stock | 2023-06-08 | C | A | 2,959,474 | $0.00 | 2,959,474 | I | — | — | |
| 3 | Derivative | Class B Common Stock | 2023-06-08 | C | D | 11,856,762 | $0.00 | 0 | D By The BBAB 2021 Irrevocable Trust | — · — to — | 11,856,762 Class A Common Stock | (F1) Each share of Class B common stock representes a contingent right to receive one share of the Issuer's Class A common stock. (F2) 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. |
| 4 | Derivative | Class B Common Stock | 2023-06-08 | C | D | 2,959,474 | $0.00 | 0 | I | — · — to — | 2,959,474 Class A Common Stock | (F1) Each share of Class B common stock representes a contingent right to receive one share of the Issuer's Class A common stock. (F2) 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. |