Kenneth Degiorgio - Jan 31, 2023 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role
Director
Signature
By: /s/ Adam Martinez, as Attorney-in-fact for Kenneth DeGiorgio
Stock symbol
OPAD
Transactions as of
Jan 31, 2023
Transactions value $
$500,000
Form type
4
Date filed
2/2/2023, 04:53 PM
Previous filing
Jan 3, 2023
Next filing
Feb 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OPAD Warrants Purchase $500K +893K $0.56 893K Jan 31, 2023 Class A Common Stock 893K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On Janaury 31, 2023, the Reporting Person purchased 893,016 pre-funded warrants, each with an exercise price of $0.0001, ("Pre-Funded Warrants"), subject to certain customary anti-dilution adjustment provisions, and can be exercised on a cash or cashless basis. Each Pre-Funded Warrant represents the right to purchase one share of the Issuer's Class A Common Stock. The Pre-Funded Warrants will not be exercisable until at least 21 days after the definitive information statement is filed with the Securities and Exchange Commission or such later time as is necessary to comply with the listing requirements of the New York Stock Exchange.The Pre-Funded Warrants do not expire.