Brian Bair - Sep 2, 2022 Form 4 Insider Report for Offerpad Solutions Inc. (OPAD)

Role: Chief Executive Officer, Director
Signature: /s/ Adam Martinez, as Attorney-in-Fact for Brian Bair
Stock symbol: OPAD
Transactions as of: Sep 2, 2022
Transactions value $: -$42,295
Form type: 4
Date filed: 9/7/2022, 05:00 PM
Previous filing: Mar 3, 2022
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAD	Class A Common Stock	Tax liability	-$42.3K	-30.2K	-0.24%	$1.40^*	12.5M	Sep 2, 2022	Direct	F1
holding	OPAD	Class A Common Stock						2.65M	Sep 2, 2022	By The BBAB 2021 Irrevocable Trust

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
holding	OPAD	Class B Common Stock						14.5M	Sep 2, 2022	Class A Common Stock	14.5M		Direct	F2, F3, F4
holding	OPAD	Class B Common Stock						311K	Sep 2, 2022	Class A Common Stock	311K		By The BBAB 2021 Irrevocable Trust	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of restricted stock units.
F2	Each Class B common stock representes a contingent right to receive one share of Class A common stock.
F3	Each share of Class B common stock is convertible at any time at the option of the holder into one share of the Issuer's Class A common stock or upon the earliest to occur of (a) the date that is nine months following the date on which Mr. Bair (x) is no longer providing services, whether upon death, resignation, removal or otherwise, to Offerpad Solutions as a member of the senior leadership team, officer or director and (y) has not provided any such services for the duration of such nine-month period; and (b) the date as of which the Mr. Bair or his permitted transferees have transferred, in the aggregate, more than seventy-five (75%) of the shares of Class B common stock that were held by Mr. Bair and his permitted transferees as of September 1, 2021.
F4	Reflects a change in form of beneficial ownership of 311,245 shares of Class B common stock. The transfer was exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.