Bair Brian 4
4 · Offerpad Solutions Inc. · Filed Jun 9, 2023
Insider Transaction Report
Form 4
Bair Brian
DirectorChief Executive Officer
Transactions
- Conversion
Class B Common Stock
2023-06-08−2,959,474→ 0 total(indirect: By Trust)→ Class A Common Stock (2,959,474 underlying) - Conversion
Class A Common Stock
2023-06-08+11,856,762→ 12,198,759 total - Conversion
Class A Common Stock
2023-06-08+2,959,474→ 2,959,474 total(indirect: By Trust) - Conversion
Class B Common Stock
2023-06-08−11,856,762→ 0 total→ Class A Common Stock (11,856,762 underlying)
Holdings
- 893,016(indirect: By Trust)
Class A Common Stock
Footnotes (2)
- [F1]Each share of Class B common stock representes a contingent right to receive one share of the Issuer's Class A common stock.
- [F2]Each share of Class B common stock is convertible at any time at the option of the holder into one share of the Issuer's Class A common stock or upon the earliest to occur of (a) the date that is nine months following the date on which Mr. Bair (x) is no longer providing services, whether upon death, resignation, removal or otherwise, to Offerpad Solutions as a member of the senior leadership team, officer or director and (y) has not provided any such services for the duration of such nine-month period; and (b) the date as of which the Mr. Bair or his permitted transferees have transferred, in the aggregate, more than seventy-five (75%) of the shares of Class B common stock that were held by Mr. Bair and his permitted transferees as of September 1, 2021.