OPAD: First American reports 14.03% beneficial ownership
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
First American Financial Corporation filed Amendment No. 5 to Schedule 13D regarding its stake in Offerpad Solutions Inc. (OPAD).
The filing reports beneficial ownership of 5,119,314 shares of Offerpad’s Class A common stock, equal to 14.03% of the class, based on 36,486,108 shares outstanding as of October 17, 2025 as cited from the issuer’s disclosure. First American has sole voting power and sole dispositive power over all 5,119,314 shares. The source of funds is listed as WC (working capital).
The amendment identifies First American (a Delaware corporation) as the reporting person and confirms no criminal convictions in the past five years. The certification is signed by Lisa W. Cornehl, Senior Vice President and Chief Legal Officer.
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FAQ
What stake in Offerpad (OPAD) does First American report?
The filing reports beneficial ownership of 14.03% of Offerpad’s Class A common stock.
What voting and dispositive powers are disclosed?
First American reports sole voting power and sole dispositive power over 5,119,314 shares.
What class of securities is reported in this Schedule 13D/A?
Offerpad’s Class A Common Stock, $0.0001 par value per share.
What is the source of funds for the holdings?
The filing lists WC (working capital) as the source of funds.
Who signed the certification and when?
The certification was signed by Lisa W. Cornehl on October 22, 2025.