Offerpad Solutions Inc. — Director's Dealing 2023

Dec 21, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Offerpad Solutions Inc. (OPAD)
CIK: 0001825024
Period of Report: 2023-12-11

Reporting Person: Grout James (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1203	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$2.95	2028-10-03	Class A Common Stock (8211)		Direct
Stock Option (Right to Buy)	$18.56	2029-07-10	Class A Common Stock (10043)		Direct
Stock Option (Right to Buy)	$18.45	2031-02-04	Class A Common Stock (1506)		Direct
Performance-Based Restricted Stock Units	$0.00		Class A Common Stock (1972)		Direct

Footnotes

F1: Consists of 326 shares of Offerpad Solutions Inc. (the "Issuer") Class A common stock and 877 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A common stock. The RSUs vest in two equal annual installments beginning on March 1, 2024.

F2: The stock option is fully vested and exercisable.

F3: 25% of the stock option vested on January 28, 2022, and the remainder vests ratably in equal quarterly installments over the following three years.

F4: Consists of performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. The PSUs vest based on the Issuer's stock price performance over a performance period beginning on December 31, 2022 and ending on March 1, 2025. The award will vest, if at all, based on continued service and the Issuer's stock price exceeding certain thresholds. Any portion of the award that has not been earned by March 1, 2025 will be forfeited.