First American discloses 10.83% stake in Offerpad (NYSE: OPAD)
Filing Impact
Filing Sentiment
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.
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FAQ
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.