Alexander Klabin - 02 Jun 2022 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role: Director
Signature: By: /s/ Adam Martinez, as Attorney-in-fact for Alexander Klabin
Issuer symbol: OPAD
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2022, 17:00:22 UTC
Previous filing: 04 Apr 2022
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAD	Class A Common Stock	Award	$0	+30,674	+69%	$0.000000	75,275	02 Jun 2022	Direct	F1
holding	OPAD	Class A Common Stock						7,187,191	02 Jun 2022	Ancient 1604 LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. (the "Issuer") Class A common stock. The RSUs vest on the earlier to occur of (i) the one-year anniversary of the grant date and (ii) the date of the next annual meeting of stockholders of the Issuer following the grant date, subject to continued service through the applicable vesting date. To the extent vested, RSUs will be settled in shares of the Issuer's Class A common stock within 45 days following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer; (iii) the director's death; or (iv) the director's disability.
F2	Mr. Klabin controls the vote and disposition of shares held by Ancient 1604 LLC.

Content

Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. (the "Issuer") Class A common stock. The RSUs vest on the earlier to occur of (i) the one-year anniversary of the grant date and (ii) the date of the next annual meeting of stockholders of the Issuer following the grant date, subject to continued service through the applicable vesting date. To the extent vested, RSUs will be settled in shares of the Issuer's Class A common stock within 45 days following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer; (iii) the director's death; or (iv) the director's disability.

Mr. Klabin controls the vote and disposition of shares held by Ancient 1604 LLC.