Amended Statement of Changes in Beneficial Ownership (4/a)
10 6월 2023 - 5:36AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bair Brian |
2. Issuer Name and Ticker or Trading Symbol
Offerpad Solutions Inc.
[
OPAD
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O OFFERPAD SOLUTIONS INC., 2150 E. GERMAN ROAD, SUITE 1 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/1/2021 |
(Street)
CHANDLER, AZ 85286 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
9/3/2021 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Class B Common Stock | (1) | 9/1/2021 | | A | | 12168007 | | (2) | (2) | Class A Common Stock | 12168007 | (1) | 12168007 | D | |
Class B Common Stock | (1) | 9/1/2021 | | A | | 2648229 | | (2) | (2) | Class A Common Stock | 2648229 | (1) | 2648229 | I | By The BBAB 2021 Irrevocable Trust |
Explanation of Responses: |
(1) | Each share of Class B common stock represents a contingent right to receive one share of the Issuer's Class A common stock. |
(2) | 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. |
Remarks: This Form 4/A is being filed to correct administrative errors in the original Form 4 filed on September 3, 2021 (the "Original Form 4"). The Original Form 4 inadvertently misallocated the numberof shares of Class B common stock in the reported transactions and how such shares were held following the reported transactons. The aggregate number of shares of Class B common stock reported in the Original Form 4 remains unchanged. The Original Form 4 also inadvertently reported transactions in shares of Class A common stock by the reporting person. In fact, there were no transactions in shares of Class A common stock, and the reporting person held 0 shares of Class A commons stock following the reported transactions. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bair Brian C/O OFFERPAD SOLUTIONS INC. 2150 E. GERMAN ROAD, SUITE 1 CHANDLER, AZ 85286 | X |
| Chief Executive Officer |
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Signatures
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/s/ Adam Martinez, as Attorney-in-Fact for Brian Bair | | 6/9/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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