Opendoor Technologies Inc. — Director's Dealing 2020

Dec 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Opendoor Technologies Inc. (OPEN)
CIK: 0001801169
Period of Report: 2020-12-18

Reporting Person: Osborne Ian (Former President and Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-18	Common Stock	A	5000000	$10.00	Acquired	5000000	Indirect
2020-12-18	Common Stock	A	700000	$10.00	Acquired	5700000	Indirect
2020-12-18	Common Stock	A	100000	$10.00	Acquired	5800000	Indirect
2020-12-18	Common Stock	M	10150000	—	Acquired	15950000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-18	Class B Common Stock	$	M	10150000	Disposed		Common Stock (10150000)	Indirect

Footnotes

F1: On the basis of the reporting person's relationship with each of Hedosophia Public Investments Limited, Hedosophia Group Limited and Longsutton Limited (collectively, "Hedosophia Entities"), the reporting person may be deemed a beneficial owner of the shares of the Issuer's common stock, par value $0.0001 per share ("Shares") held by each Hedosophia Entity. The reporting person disclaims beneficial ownership of the Shares held by Hedosophia Entities, except to the extent of his pecuniary interest therein.

F2: On December 18, 2020, Social Capital Hedosophia Holdings Corp. II (the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Opendoor Labs Inc. In connection with the consummation of the Business Combination, each share of Class B common stock automatically converted into one Share.

F3: A majority of the voting interests of SCH Sponsor II LLC ("Sponsor") are held by ChaChaCha SPAC B, LLC ("ChaChaCha"). Messrs. Chamath Palihapitiya and Ian Osborne and ChaChaCha may be deemed to beneficially own the Shares held by the Sponsor on the basis of their direct or indirect interests in the Sponsor or their shared control over the Sponsor, as the case may be. Each of Mr. Palihapitiya, Mr. Osborne and ChaChaCha disclaims beneficial ownership of the Shares held by the Sponsor, except to the extent of such person's pecuniary interest therein.