Offerpad (NYSE: OPAD) CEO adds 125,000 shares via family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Offerpad Solutions Inc. Chief Executive Officer Brian Bair reported an insider purchase of Class A Common Stock. On June 2, 2026, a trust associated with him, The BBAB Living Trust, completed an open-market purchase of 125,000 shares at a weighted average price of $0.8208 per share, with individual trades ranging from $0.81 to $0.83.
Following this transaction, The BBAB Living Trust held 184,534 shares indirectly. A separate vehicle, The BBAB 2021 Irrevocable Trust, held 197,298 shares indirectly, and Bair also reported 1,854,404 shares held directly. This filing shows both the new purchase and his updated overall ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 125,000 shares ($102,600)
Net Buy
3 txns
Insider
Bair Brian
Role
Chief Executive Officer
Bought
125,000 shs ($103K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 125,000 | $0.8208 | $103K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 184,534 shares (Indirect, By The BBAB Living Trust);
Class A Common Stock — 1,854,404 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares purchased: 125,000 shares
Weighted average purchase price: $0.8208 per share
Indirect holdings – BBAB Living Trust: 184,534 shares
+2 more
5 metrics
Shares purchased
125,000 shares
Open-market purchase on June 2, 2026
Weighted average purchase price
$0.8208 per share
Open-market purchase range $0.81–$0.83
Indirect holdings – BBAB Living Trust
184,534 shares
Total Class A shares following transaction
Indirect holdings – 2021 Irrevocable Trust
197,298 shares
Class A shares held indirectly
Direct holdings after transaction
1,854,404 shares
Class A Common Stock held directly by Brian Bair
Key Terms
open-market purchase, weighted average price, Class A Common Stock, irrevocable trust
4 terms
open-market purchase financial
"completed an open-market purchase of 125,000 shares at a weighted average price"
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.
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.
Class A Common Stock financial
"reported an insider purchase of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
irrevocable trust financial
"The BBAB 2021 Irrevocable Trust, held 197,298 shares indirectly"
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.
FAQ
What insider transaction did Offerpad (OPAD) report for CEO Brian Bair?
Offerpad reported that CEO Brian Bair, through The BBAB Living Trust, bought 125,000 shares of Class A Common Stock. The open-market purchase occurred on June 2, 2026, and was executed at a weighted average price of $0.8208 per share.