Alexander Klabin - 30 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
30 Jun 2022
Net transactions value
$0
Form type
4
Filing time
05 Jul 2022, 16:30:53 UTC
Previous filing
06 Jun 2022
Next filing
04 Oct 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 +8,027 +11% $0.000000 83,302 30 Jun 2022 Direct F1
holding OPAD Class A Common Stock 7,187,191 30 Jun 2022 Ancient 1604 II LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of fully-vested restricted stock units, which 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 Reflects the transfer of 7,187,191 shares of the Issuer's Class A common stock from Ancient 1604 LLC to Ancient 1604 II LLC. The transfer was exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.
F3 Mr. Klabin controls the vote and disposition of shares held by Ancient 1604 II LLC.