Note 10. Stock-Based Awards

2021 Equity Incentive Plans

Incentive Award Plan

Pursuant to the terms of the Offerpad Solutions Inc. 2021 Incentive Award Plan (the “2021 Plan”), the number of shares of the Company’s Class A common stock available for issuance under the 2021 Plan increases annually on the first day of each calendar year through January 1, 2031. The overall share limit automatically increased on January 1, 2026, following which there were 7,382,591 shares reserved for issuance under the 2021 Plan. As a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of Class A common stock underlying the Company’s outstanding equity awards under the 2021 Plan and the number of shares issuable under the Company’s 2021 Plan and existing agreements, as

well as the exercise price and/or any stock price goals, as applicable. Following the Reverse Stock Split, there are 738,257 shares reserved for issuance under the 2021 Plan as of June 30, 2026.

As of June 30, 2026, the Company has outstanding restricted stock units (“RSUs”), other stock or cash-based awards, and stock options that have been granted under the 2021 Plan.

Employee Stock Purchase Plan

Pursuant to the terms of the Offerpad Solutions Inc. 2021 Employee Stock Purchase Plan (“ESPP”), the number of shares of the Company’s Class A common stock available for issuance under the ESPP increases annually on the first day of each calendar year through January 1, 2031. The overall share limit automatically increased on January 1, 2026, following which there were 419,674 shares reserved for issuance under the ESPP. As a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of Class A common stock issuable under the ESPP. Following the Reverse Stock Split, there are 41,967 shares reserved for issuance under the ESPP as of June 30, 2026. No shares have been issued under the ESPP.

Restricted Stock Units

As of June 30, 2026, 0.1 million RSUs have vested, but have not yet been settled in shares of the Company’s Class A common stock, pursuant to elections made by certain non-employee members of the Board to defer settlement thereof under the Offerpad Solutions Inc. Deferred Compensation Plan for Directors.

As of June 30, 2026, the Company had $5.1 million of unrecognized stock-based compensation expense related to unvested RSUs. This expense is expected to be recognized over a weighted average period of 1.90 years. The fair value of RSUs that vested and settled during the six months ended June 30, 2026 and 2025 was $2.6 million and $2.2 million, respectively.

Other Cash or Stock-Based Awards

The Company did not grant any other cash or stock-based awards during the six months ended June 30, 2026.

As of June 30, 2026, the Company had $1.0 million of unrecognized stock-based compensation expense related to unvested other cash or stock-based awards granted in prior periods. This expense is expected to be recognized over a weighted average period of 1.45 years.

Stock Options

As of June 30, 2026, the Company had an immaterial amount of unrecognized stock-based compensation expense related to unvested stock options that is expected to be recognized before the end of the third quarter of 2026. The fair value of stock options that vested during each of the six months ended June 30, 2026 and 2025 was immaterial.

Stock-based Compensation Expense