Offerpad CEO adds shares, reports tax withholding
Offerpad Solutions Inc. Chief Executive Officer Brian Bair reported mixed insider activity in Class A common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 91,167 | $0.74 | $67K |
| Purchase | Class A Common Stock | 122,920 | $0.7924 | $97K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of restricted stock units.
Key Figures
Key Terms
open-market purchase financial
restricted stock units financial
weighted average price financial
tax withholding obligations financial
irrevocable trust financial
indirect ownership financial
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