Offerpad Solutions Inc.: directors' dealings · United States · SEC (Form 4)

About Offerpad Solutions Inc.

Offerpad Solutions Inc. is a U.S.-listed residential real estate company trading on the NYSE under the ticker OPAD. Headquartered in Tempe, Arizona, United States, the company was founded in 2015 with the goal of simplifying the home-selling process through a proprietary technology platform combined with local real estate expertise and integrated services. For French-, Belgian- and Swiss-based investors, Offerpad is best understood as a tech-enabled real estate operator that began with an iBuying model and has since evolved toward a more diversified, capital-disciplined platform. The company’s core business remains its Cash Offer solution, which still accounts for the substantial majority of consolidated revenue. In practical terms, Offerpad buys homes directly from consumers, performs selective renovations, and resells them, offering sellers speed, convenience and reduced transaction friction versus a traditional listing process. Alongside this core activity, Offerpad has expanded its asset-light offerings, including Renovate and agent-partnership solutions, designed to generate additional revenue with lower capital intensity than the home-buying channel. This mix is important strategically: it gives management more levers to improve margins and reduce reliance on any single transaction path. Competitively, Offerpad operates in a challenging segment where execution, underwriting discipline and technology matter as much as market timing. The company differentiates itself through rapid offer generation, a digitally driven customer experience, and a multi-product platform that aims to address different seller needs. Its geographic footprint is focused entirely on the United States, with recent SEC disclosures indicating operations in more than 1,800 cities and towns across 26 metropolitan markets in 17 states as of year-end 2025. The business remains domestically concentrated, with no meaningful international exposure. Recent developments have centered on cost reduction, operating discipline and a gradual shift toward more resilient revenue streams. In 2024, Offerpad continued to lower operating expenses after major cuts in 2023, while its Renovate segment and agent-partnership activity contributed more meaningfully to the business mix. The company also reported improved loss metrics and better operating efficiency, reflecting management’s effort to stabilize the platform. Still, the investment case remains tied to U.S. housing-market conditions, transaction volumes and the company’s ability to convert technology-led convenience into sustained profitability. For equity investors, Offerpad remains a turnaround-oriented residential real estate platform on the NYSE in the United States, rather than a mature, low-volatility property company.