First American Financial Corp - 28 Mar 2023 Form 4/A - Amendment Insider Report for Offerpad Solutions Inc. (OPAD)

Reporting relationship: 10%+ Owner
Issuer ticker: OPAD
Reported as of: 28 Mar 2023
Net transaction value: -$24,995,535
SEC form: 4/A - Amendment
Accepted by SEC: 19 Apr 2023, 11:34:20 UTC
Original report date: 30 Mar 2023
Prior SEC filing: 02 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/Lisa W. Cornehl, Senior Vice President, Chief Legal Officer and Secretary

Key filing fact

First American Financial Corp filed Form 4/A - Amendment for Offerpad Solutions Inc. (OPAD) on 19 Apr 2023.

Key facts

This page summarizes First American Financial Corp's Form 4/A - Amendment filing for Offerpad Solutions Inc. (OPAD).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Apr 2023, 11:34.

Change

Previous filing in this sequence was filed on 02 Feb 2023.
Current net transaction value: -$24,995,535.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OPAD transaction

Class A Common Stock

Options Exercise

Transaction value: $4,465
Shares: +44,650,830
Change %: +139%
Price: $0.000100^*
Shares after: 76,789,713
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OPAD transaction Derivative

Warrants

Exercise of in-the-money or at-the-money derivative security

Transaction value: $25,000,000
Shares: -44,650,830
Change %: -100%
Price: $0.5599^*
Shares after: 0
Date: 28 Mar 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 44,650,830
Exercise price: $0.000100
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Exercise exempted pursuant to Rule 16b-6(b).

Footnote F2

On 3/30/2023, the reporting person filed a Form 4 reporting the conversion of Warrants to Class A Common Stock. Due to a clerical error, the number of shares of Class A Common Stock reported as beneficially owned following the transaction was erroneously reported as 76,779,713 and the correct amount is reported in this amendment.

Footnote F3

The warrants do not expire.