Key facts
- This page summarizes Supernova Partners LLC's Form 4 filing for Offerpad Solutions Inc. (OPAD).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Sep 2021, 18:42.
Supernova Partners LLC - 01 Sep 2021 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OPAD
- Reported as of
- 01 Sep 2021
- Net transaction value
- $0
- Reporting owner signature
- /s/ Michael Clifton
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Supernova Partners LLC filed Form 4 for Offerpad Solutions Inc. (OPAD) on 03 Sep 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OPAD
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +9,861,250
- Change %
- Price
- Shares after
- 9,861,250
- Date
- 01 Sep 2021
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OPAD
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -9,861,250
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Sep 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,861,250
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Supernova Partners LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
On September 1, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of March 17, 2021, by and among the Issuer, Orchids Merger Sub LLC ("Merger Sub") and OfferPad, Inc. ("Old Offerpad"), Merger Sub merged with and into Old Offerpad with Old Offerpad surviving as a wholly owned subsidiary of Supernova Partners Acquisition Company, Inc., who changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger, each issued and outstanding share of Class B common stock was automatically converted on a one-for one basis into shares of Class A common stock of the Issuer. The Class B common stock was not subject to vesting and did not have an expiration date.
Footnote F2
The Form 3 filed on October 20, 2020, and Form 4 filed on October 27, 2020 by Supernova Partners LLC, included Messrs. Rascoff, Klabin, Clifton and Reid as beneficial owners of the Class B Common Stock and Warrants held by Supernova Partners LLC. Messrs. Rascoff, Klabin, Clifton and Reid are not deemed to be beneficials owners and were inlcuded on the Form 3 and Form 4 in error.