4//SEC Filing
Burnett Michael S. 4
Accession 0000899243-21-035202
CIK 0001825024other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 6:37 PM ET
Size
6.4 KB
Accession
0000899243-21-035202
Insider Transaction Report
Form 4
Burnett Michael S.
Chief Financial Officer
Transactions
- Award
Stock Options
2021-09-01+1,129,912→ 1,129,912 totalExercise: $1.24Exp: 2029-10-16→ Class A Common Stock (1,129,912 underlying)
Footnotes (2)
- [F1]The stock option will vest and become exercisable with 25% on October 21, 2020 and then ratably in equal quarterly installments over the following three years thereafter.
- [F2]On September 1, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of March 17, 2021, by and among the Issuer, Orchids Merger Sub LLC ("Merger Sub") and OfferPad, Inc. ("Old Offerpad"), Merger Sub merged with and into Old Offerpad with Old Offerpad surviving as a wholly owned subsidiary of Supernova Partners Acquisition Company, Inc., which changed its name to Offerpad Solutions, Inc. (the "Merger"). Upon consummation of the Merger , each issued and outstanding option to purchase one share of Old Offerpad common stock was automatically cancelled and converted into an option to purchase approximately 7.533 (the "Exchange Ratio") shares of Class A common stock of the Issuer, and the exercise price was adjusted by the Exchange Ratio.
Documents
Issuer
Offerpad Solutions Inc.
CIK 0001825024
Entity typeother
Related Parties
1- filerCIK 0001589233
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 6:37 PM ET
- Size
- 6.4 KB