Offerpad (OPAD) CEO Brian Bair buys 122,920 shares and has 91,167 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Offerpad Solutions Inc. Chief Executive Officer Brian Bair reported mixed insider activity in Class A common stock. An entity associated with him, The BBAB Living Trust, purchased 122,920 shares in open-market transactions at a weighted average price around $0.79 per share. Separately, 91,167 shares held directly were withheld by the company at $0.74 per share to cover tax obligations on the vesting of restricted stock units, which is not an open-market sale. Following these transactions, Bair directly owns 1,763,237 shares, with additional indirect holdings of 307,454 shares through The BBAB Living Trust and 197,298 shares through The BBAB 2021 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 122,920 shares ($97,402)
Net Buy
3 txns
Insider
Bair Brian
Role
Chief Executive Officer
Bought
122,920 shs ($97K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 91,167 | $0.74 | $67K |
| Purchase | Class A Common Stock | 122,920 | $0.7924 | $97K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,763,237 shares (Direct, null);
Class A Common Stock — 307,454 shares (Indirect, By The BBAB Living Trust)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7415 to $0.7951. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of restricted stock units.
Key Figures
Open-market purchase: 122,920 shares
Weighted average purchase price: $0.7924 per share
Tax-withheld shares: 91,167 shares
+3 more
6 metrics
Open-market purchase
122,920 shares
Class A Common Stock bought indirectly by The BBAB Living Trust
Weighted average purchase price
$0.7924 per share
Open-market purchase by The BBAB Living Trust
Tax-withheld shares
91,167 shares
Shares withheld to satisfy tax obligations on RSU vesting
Direct holdings after transactions
1,763,237 shares
Direct ownership of Class A Common Stock by Brian Bair
Indirect holdings – BBAB Living Trust
307,454 shares
Indirect ownership via The BBAB Living Trust
Indirect holdings – 2021 Irrevocable Trust
197,298 shares
Indirect ownership via The BBAB 2021 Irrevocable Trust
Key Terms
open-market purchase, restricted stock units, weighted average price, tax withholding obligations, +2 more
6 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
restricted stock units financial
"tax withholding obligations on the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
irrevocable trust financial
"By The BBAB 2021 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transactions did Offerpad (OPAD) CEO Brian Bair report?
Brian Bair reported an open-market purchase and a tax-related share withholding. A living trust associated with him bought 122,920 Offerpad shares, while 91,167 directly held shares were withheld by the company to satisfy tax obligations on vesting restricted stock units.