SCHEDULE: Offerpad Investor Group Restructures Share Holdings

An investor group led by Roberto Sella has redistributed its beneficial ownership in Offerpad Solutions Inc. through an in-kind distribution to limited partners.

Summary

• LL Capital Partners I, L.P. and SIF V, LLC completed an in-kind distribution of 5,312,646 and 504,313 shares of Offerpad Solutions Inc. Class A Common Stock, respectively, to their limited partners on September 30, 2025.
• Following the distribution, SIF V, LLC now holds 0 shares of Common Stock.
• The distribution from LL Capital Partners I, L.P. included 931,385 shares to LLCP I SLP, L.P., 16,012 shares to LLSO SLP, LLC, and 764,858 shares to Roberto Sella.
• Roberto Sella is the sole manager of LLCP I GP, LLC, managing member of LLCP I SLP GP, LLC, and sole member of LLCP I SLP, L.P. and LLSO SLP, LLC, and is deemed to have voting and dispositive power over shares held by these entities.
• Collectively, the reporting persons (LL Capital Partners I, L.P., LLCP I SLP, L.P., LLSO SLP, LLC, and Roberto Sella) beneficially own approximately 18.7% of the issued and outstanding Common Stock.
• The total outstanding shares of Class A Common Stock were 30,583,561 as of August 18, 2025.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports an internal restructuring of beneficial ownership among an existing investor group, with no direct implications for the company's operational or financial performance.

Positives

• No direct positives for the company's operations or financial health are indicated by this ownership restructuring.

Negatives

• No direct negatives for the company's operations or financial health are indicated by this ownership restructuring.

Risks

• No specific company-related risks are mentioned in this filing, which primarily details changes in beneficial ownership structure.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Offerpad Solutions Inc.'s business operations or financial performance.

Industry Context

This filing pertains to a change in beneficial ownership structure within an existing investor group and does not provide information directly related to broader industry trends or competitive landscape for Offerpad Solutions Inc.

Related Party Transactions

• An in-kind distribution of shares occurred from LL Capital Partners I, L.P. and SIF V, LLC to their respective limited partners, including LLCP I SLP, L.P., LLSO SLP, LLC, and Roberto Sella, who are all part of the reporting group.

Stakeholder Impact

• Shareholders: Provides transparency regarding the internal ownership structure of a significant investor group, clarifying direct holdings of individual entities and persons within that group.
• Beneficial Owners: The primary impact is on the reporting persons themselves, as their direct shareholdings and beneficial ownership percentages are adjusted due to the in-kind distribution.

Key Dates

Recommendation

The filing details an internal restructuring of beneficial ownership among an existing investor group, with no new information regarding the company's operational performance, strategic direction, or financial health. The overall beneficial ownership percentage by the group remains substantial, suggesting continued interest but no immediate catalyst for a change in investment recommendation.

Keywords

Offerpad Solutions, Class A Common Stock, Schedule 13D, Beneficial Ownership, Share Distribution, Roberto Sella, LL Capital Partners