[Form 4] Offerpad Solutions Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

Positive

• In-kind distribution of 764,858 Class A shares documented
• No consideration was paid for the distributed shares (explicitly stated)

Negative

• Beneficial ownership following the transaction is 3,903,741 shares (disclosed position)
• Affiliates' holdings may exist and are reported separately; reporting person disclaims ownership of those affiliate-held securities

Insights

Corporate Governance Specialist

Director distributed 764,858 shares in-kind; no cash changed hands.

The filing documents an in-kind distribution of 764,858 Class A shares on 09/30/2025 from a special purpose vehicle to its limited partners, with no consideration paid. This is an ownership transfer within affiliated/private vehicles rather than a market sale.

The reporting person is a board member and Managing Partner at LL Funds, LLC and reports 3,903,741 shares beneficially owned following the transaction. The filing also includes a disclaimer that affiliates' holdings are reported separately.

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

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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).

1. Name and Address of Reporting Person^*

Sella Roberto Marco

(Last) (First) (Middle)

C/O LL FUNDS, LLC, 2400 MARKET STREET

(Street)

PHILADELPHIA PA 19103

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		J(1)		764,858	A	(1)	3,903,741	D

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. This filing reports in-kind distribution of Issuer shares to the limited partners of special purpose vehicle LL Capital Partners I, L.P. No consideration was paid in connection with these distributions.

Remarks:

Mr. Sella is the Managing Partner at LL Funds, LLC and is a member of the board of directors of the Issuer. Certain affiliates of LL Funds, LLC have filed a separate Form 4 reporting securities of the Issuer that they may be deemed to beneficially own. Mr. Sella disclaims beneficial ownership of any securities of the Issuer that may be deemed to be beneficially owned by affiliates of LL Funds, LLC.

	/s/ Roberto Sella	10/02/2025
	** 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

What transaction did Roberto Sella report on Form 4 for OPAD?

The Form 4 reports an in-kind distribution of 764,858 Class A shares on 09/30/2025.

Did the Form 4 show any cash proceeds from the share transfer?

No. The filing explicitly states no consideration was paid for the distributed shares.

How many OPAD shares does Roberto Sella beneficially own after the transaction?

The filing lists 3,903,741 shares beneficially owned following the reported transaction.

What is Roberto Sella's relationship to Offerpad (OPAD)?

The filing identifies him as a director of Offerpad and the Managing Partner at LL Funds, LLC.

Were affiliate holdings disclosed in this filing?

Yes. The filing notes certain affiliates of LL Funds, LLC filed separate Form 4s and Mr. Sella disclaims beneficial ownership of affiliate-held securities.