Offerpad Solutions Inc. — Director's Dealing 2021

Sep 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Offerpad Solutions Inc. (OPAD)
CIK: 0001825024
Period of Report: 2021-09-01

Reporting Person: Johnson Stephen Michael (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-01	Stock Options	$1.23	A	1129912	Acquired	2030-10-26	Class A Common Stock (1129912)	Direct

Footnotes

F1: The stock option will vest and become exercisable with 25% on August 10, 2021 and then ratably in equal quarterly installments over the following three years thereafter.

F2: 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 option to purchase one share of Old Offerpad common stock was automatically cancelled and converted into an option to purchase approximately 7.533 (the "Exchange Ratio") shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio.