Alexander Klabin - Nov 8, 2021 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role
Director
Signature
By: /s/ Adam Martinez, as Attorney-in-fact for Alexander Klabin
Stock symbol
OPAD
Transactions as of
Nov 8, 2021
Transactions value $
$0
Form type
4
Date filed
11/10/2021, 05:30 PM
Previous filing
Sep 3, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAD Class A Common Stock Award $0 +37.6K $0.00 37.6K Nov 8, 2021 Direct F1
transaction OPAD Class A Common Stock Award $0 +771 +2.05% $0.00 38.4K Nov 8, 2021 Direct F2
holding OPAD Class A Common Stock 4.5M Nov 8, 2021 Ancient 1604 LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. (the "Issuer") Class A common stock. The RSUs vest in three equal annual installments beginning on September 1, 2022 and, to the extent vested, will be settled in shares of 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 Consists of fully-vested RSUs, 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.
F3 Mr. Klabin controls the vote and disposition of shares held by Ancient 1604 LLC.