Offerpad Solutions Inc. — Director's Dealing 2022

Sep 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Offerpad Solutions Inc. (OPAD)
CIK: 0001825024
Period of Report: 2022-09-02

Reporting Person: Bair Brian (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-02	Class A Common Stock	F	30211	$1.40	Disposed	12510004	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2648229	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (14504991)	14504991	Direct
Class B Common Stock	$		Class A Common Stock (311245)	311245	Indirect

Footnotes

F1: Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of restricted stock units.

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.

F4: Reflects a change in form of beneficial ownership of 311,245 shares of Class B common stock. The transfer was exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.