[Form 4] Offerpad Solutions Inc. Insider Trading Activity

Rhea-AI Filing Summary

Offerpad Solutions Inc. (OPAD) – Form 4 filing details an equity award to founder-CEO and director Brian Bair.

• Transaction: On 07/30/2025 Bair was granted 1,000,000 Class A RSUs at a stated price of $0.
• Vesting: RSUs vest in three equal tranches on 06/04/2026, 06/04/2027 and 06/04/2028.
• Post-grant holdings: 1,854,404 Class A shares held directly; plus 197,298 shares held indirectly via The BBAB 2021 Irrevocable Trust and 59,534 shares via The BBAB Living Trust.
• No derivative securities were reported.

The filing signals continued long-term equity alignment between the chief executive and shareholders, but also adds potential future dilution as the RSUs convert to common stock.

Insights

Securities Analyst

TL;DR: CEO awarded 1 M RSUs, boosting direct stake to 1.85 M shares; aligns incentives yet adds dilution risk.

The grant represents roughly 4.5× the CEO’s pre-grant direct holding, materially increasing his skin in the game. Because the RSUs vest over three years, they promote retention and forward-looking performance. However, the zero-cost issuance will expand the share count upon settlement, a modestly dilutive event unless offset by buybacks or accretive growth. Investors should monitor total share-based compensation relative to revenue and FCF to gauge dilution pressure.

Corporate Governance Expert

TL;DR: Time-based RSUs strengthen leadership commitment but lack explicit performance hurdles.

Time-vesting equity is common, yet best practices increasingly favor performance-conditioned awards. The absence of performance metrics lessens pay-for-performance linkage, though multi-year vesting still aligns CEO and shareholder interests over time. Proxy voters may scrutinize plan design in future say-on-pay rounds.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bair Brian

(Last) (First) (Middle)

C/O OFFERPAD SOLUTIONS INC.

433 S. FARMER AVENUE, SUITE 500

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Offerpad Solutions Inc. [ OPAD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/30/2025		A		1,000,000(1)	A	$0	1,854,404	D
Class A Common Stock								197,298	I	By The BBAB 2021 Irrevocable Trust
Class A Common Stock								59,534	I	By The BBAB Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 on June 4, 2026; June 4, 2027 and June 4, 2028.

	/s/ Adam Martinez, as Attorney-In- Fact for Brian Bair	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Offerpad (OPAD) shares did CEO Brian Bair acquire in this Form 4?

He received 1,000,000 Class A restricted stock units on 07/30/2025.

What is Brian Bair’s total direct ownership after the transaction?

His direct holding increased to 1,854,404 Class A shares.

When do the newly granted RSUs vest?

They vest in three equal annual tranches on 06/04/2026, 06/04/2027, and 06/04/2028.

Were any derivative securities or options reported in this filing?

No; Table II shows no derivative securities acquired or disposed.

How many OPAD shares does the CEO hold indirectly through trusts?

He holds 197,298 shares via The BBAB 2021 Irrevocable Trust and 59,534 shares via The BBAB Living Trust.