Alexander Klabin - 30 Jun 2023 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 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 18:50:05 UTC
Previous filing
12 Jun 2023
Next filing
03 Oct 2023
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 +1,350 +9.2% $0.000000 16,014 30 Jun 2023 Direct F1
holding OPAD Class A Common Stock 479,146 30 Jun 2023 Ancient 1604 II LLC F2
* 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 Mr. Klabin controls the vote and disposition of shares held by Ancient 1604 II LLC.

Remarks:

On June 12, 2023, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The share counts herein have been adjusted to reflect the Reverse Stock Split.