Offerpad Solutions Inc SEC Filings

Offerpad Solutions Inc. (OPAD) furnished an 8-K announcing it issued a press release with financial results for the three and nine months ended September 30, 2025.

The release is provided as Exhibit 99.1 under Item 2.02 and is designated as “furnished,” meaning it is not deemed filed for purposes of Section 18 of the Exchange Act. The filing lists the company’s Class A common stock on the New York Stock Exchange under the symbol OPAD.

First American Financial Corporation filed Amendment No. 5 to Schedule 13D regarding its stake in Offerpad Solutions Inc. (OPAD).

The filing reports beneficial ownership of 5,119,314 shares of Offerpad’s Class A common stock, equal to 14.03% of the class, based on 36,486,108 shares outstanding as of October 17, 2025 as cited from the issuer’s disclosure. First American has sole voting power and sole dispositive power over all 5,119,314 shares. The source of funds is listed as WC (working capital).

The amendment identifies First American (a Delaware corporation) as the reporting person and confirms no criminal convictions in the past five years. The certification is signed by Lisa W. Cornehl, Senior Vice President and Chief Legal Officer.

Offerpad Solutions (OPAD) filed an 8-K announcing a new senior secured credit facility and preliminary Q3 2025 results. The company entered an 18-month, related‑party 2025 Facility totaling $15.0 million, with $7.5 million committed and $7.5 million uncommitted, accruing interest at a SOFR-based rate with a variable margin and an interest floor.

For the quarter ended September 30, 2025, Offerpad estimates revenue of $132.7 million, a net loss of $11.6 million, and Adjusted EBITDA of $(4.6) million. The company sold 367 homes and reported $31.0 million in cash and cash equivalents as of September 30, 2025. Shares outstanding were 36,486,108 as of October 17, 2025.

This Form 4 reports that Roberto Marco Sella, a director of Offerpad Solutions Inc. (OPAD) and Managing Partner at LL Funds, LLC, recorded an in-kind distribution of 764,858 shares of Class A common stock on 09/30/2025. The filing states no consideration was paid for these shares, which were distributed to limited partners of the special purpose vehicle LL Capital Partners I, L.P. After the reported transaction, Mr. Sella is shown as beneficially owning 3,903,741 shares. The filing also notes Mr. Sella disclaims beneficial ownership of securities held by affiliates of LL Funds, LLC, and certain affiliates filed separate Form 4s.

This Amendment No. 2 to the Schedule 13D for Offerpad Solutions Inc. reports an in-kind distribution and updated beneficial ownership among related reporting persons. On September 30, 2025 LL Capital Partners I, L.P. distributed 5,312,646 shares and SIF V, LLC distributed 504,313 shares to their limited partners; after the distribution SIF V, LLC holds 0 shares. The filing shows individual holdings of 3,903,741 shares (Roberto Sella, 12.76%), 931,385 shares (LLCP I SLP, L.P., 3.05%), 866,372 shares (LL Capital, 2.80%), and 16,012 shares (LLSO SLP, LLC, 0.05%), based on 30,583,561 shares outstanding as of August 18, 2025. Collectively the reporting persons hold approximately 18.7% of the Class A common stock. The statements are signed by Roberto Sella with signature dates of October 2, 2025.

Kenneth DeGiorgio, a director of Offerpad Solutions Inc. (OPAD), reported a securities transaction dated 09/30/2025. The filing shows acquisition of 4,196 shares through fully-vested restricted stock units (RSUs) with an acquisition price of $0. The RSUs will be settled into Class A common shares within 45 days after the earliest of separation from service, a change in control, death, or disability.

After the reported transaction, DeGiorgio beneficially owns 249,565 shares of Class A common stock. The filing also notes 1,383 shares were received in a pro‑rata in‑kind distribution exempt from reporting under Rule 16a-9. The Form 4 is signed by an attorney-in-fact, Adam Martinez, and indicates a single reporting person.

Katherine Curnutte, a director of Offerpad Solutions Inc. (OPAD), reported an acquisition on 09/30/2025 of 2,697 units described as fully-vested restricted stock units (RSUs) that will be settled in shares of the issuer's Class A common stock. The RSUs have a $0 transaction price and are scheduled to be settled within 45 days following the earliest of: the director's separation from service, a change in control, the director's death, or the director's disability. After this reported transaction, the filing shows Ms. Curnutte beneficially owns 135,819 shares of Class A common stock. The Form 4 was signed by an attorney-in-fact and filed on 10/02/2025.

Ryan O'Hara, a director of Offerpad Solutions Inc. (OPAD), reported a transaction dated 09/30/2025 showing acquisition of 3,597 shares of the issuer's Class A common stock at $0. The filing reports 175,561 shares beneficially owned by Mr. O'Hara following the transaction. The Form 4 explains these shares consist of fully-vested restricted stock units that will be settled in Class A shares within 45 days after the earliest of separation from service, a change in control, death, or disability. The form was signed on 10/02/2025 by an attorney-in-fact.