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First American discloses 10.83% stake in Offerpad (NYSE: OPAD)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

First American Financial Corporation filed an amended Schedule 13D reporting its beneficial ownership in Offerpad Solutions Inc. Class A common stock. The company holds 5,119,314 shares, representing 10.83% of the class based on 47,286,797 shares outstanding as of February 18, 2026, as referenced from Offerpad’s registration statement. First American has sole voting and dispositive power over these shares and reports no recent criminal convictions or undisclosed civil securities proceedings.

Positive

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Negative

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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D


First American Financial Corporation
Signature:/s/ Lisa W. Cornehl
Name/Title:Lisa W. Cornehl, Senior Vice President, Chief Legal Officer
Date:02/25/2026

FAQ

How many Offerpad (OPAD) shares does First American Financial Corporation beneficially own?

First American Financial Corporation beneficially owns 5,119,314 Offerpad Class A common shares. This stake gives First American sole voting and dispositive power over those shares, according to the amended Schedule 13D filing signed by its Chief Legal Officer.

What percentage of Offerpad (OPAD) does First American’s 5,119,314 shares represent?

First American’s 5,119,314 Offerpad shares represent 10.83% of the Class A common stock. This percentage is calculated based on 47,286,797 Offerpad shares outstanding as of February 18, 2026, as reported in the issuer’s registration statement.

What type of control does First American have over its Offerpad (OPAD) shares?

First American reports sole voting power and sole dispositive power over all 5,119,314 Offerpad shares. It reports zero shared voting power and zero shared dispositive power, indicating full control over how these shares are voted and disposed.

How was the 10.83% ownership in Offerpad (OPAD) calculated for First American?

The 10.83% ownership figure is based on 47,286,797 Offerpad Class A shares outstanding as of February 18, 2026. That outstanding share count is referenced from Offerpad’s Post-Effective Amendment No. 1 to Form S-1 on Form S-3 registration statement.

What business is First American Financial Corporation in, as disclosed alongside its Offerpad (OPAD) stake?

First American Financial Corporation is engaged, through its subsidiaries, in providing title insurance, settlement services, and other financial services and risk solutions. This business description appears in the identity and background section of the amended Schedule 13D filing.

Has First American disclosed any criminal or civil securities proceedings in relation to its Offerpad (OPAD) holdings?

The filing states that over the last five years First American has not been convicted in a criminal proceeding. It also notes, aside from matters previously disclosed in a prior amendment, it was not subject to civil judgments or orders regarding securities law violations.
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