First American Financial Corp - Jan 31, 2023 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role: 10%+ Owner
Signature: /s/ Lisa W. Cornehl, Senior Vice President, Chief Legal Officer and Secretary
Stock symbol: OPAD
Transactions as of: Jan 31, 2023
Transactions value $: $25,000,000
Form type: 4
Date filed: 2/2/2023, 06:32 PM
Previous filing: Sep 10, 2021
Next filing: Apr 19, 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	$25M	+44.7M		$0.56^*	44.7M	Jan 31, 2023	Class A Common Stock	44.7M		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 44,650,830 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.

Content

On Janaury 31, 2023, the Reporting Person purchased 44,650,830 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.