Related-Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Related Party Transaction [Line Items]

Summary of Related Parties

The following details the total compensation paid to Mr. Bair’s brothers and Mr. Bair’s sister-in-law, which includes both base salary and annual performance-based cash incentives, during the respective periods:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2022		2021		2022		2021
Mr. Bair’s brother 1	$	115	$	169	$	418	$	409
Mr. Bair’s brother 2		108		85		394		311
Mr. Bair’s sister-in-law		32		37		62		69
	$	255	$	291	$	874	$	789

Grants of Equity Awards to Related Parties

grants of equity awards under the Offerpad Solutions Inc. 2021 Incentive Award Plan, which included awards of restricted stock units (“RSUs”), performance-based RSUs (“PSUs”) and/or stock options, as follows:

	Number of RSUs		Number of Target PSUs		Number of Stock Options
Mr. Bair’s brother 1		84,367		126,551		—
Mr. Bair’s brother 2		79,404		119,107		—
Mr. Bair’s sister-in-law		3,000		—		6,000
		166,771		245,658		6,000

In June 2022, Mr. Bair’s brothers each entered into employment agreements with the Company with customary severance and other terms provided to similarly situated executives.

LL Credit Facilities [Member]

Related Party Transaction [Line Items]

Summary of Related Parties

The following summarizes certain details related to these facilities:

	As of June 30, 2022				As of December 31, 2021
($ in thousands)	Borrowing Capacity		Outstanding Amount		Borrowing Capacity		Outstanding Amount
Senior secured credit facility with a related party	$	85,000	$	30,728	$	85,000	$	81,926
Mezzanine secured credit facilities with a related party	$	79,000	$	56,728	$	79,000	$	82,509