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Opendoor Technologies Inc. — Director's Dealing 2020
Apr 28, 2020
30905_dirs_2020-04-27_f4229236-f505-49b6-b0c4-646b3d9a8e0c.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Social Capital Hedosophia Holdings Corp. II (IPOB)
CIK: 0001801169
Period of Report: 2020-04-27
Reporting Person: SCH Sponsor II LLC (Director, 10% Owner)
Reporting Person: ChaChaCha SPAC B, LLC (Director, 10% Owner)
Reporting Person: Palihapitiya Chamath (Director, CEO & Chairman of the Board, 10% Owner)
Reporting Person: Osborne Ian (Director, President, 10% Owner)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B ordinary shares | $ | Class A ordinary shares (8425000) | Direct |
Footnotes
F1: As described in the issuer's registration statement on Form S-1 (File No. 333-236774) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date. Includes 1,125,000 Class B ordinary shares that are subject to forfeiture if the underwriter of the issuer's initial public offering does not exercise in full its option to purchase additional units.
F2: The reporting owner, SCH Sponsor II LLC (the "Sponsor"), in whose name the securities reported herein are held, is managed by its managers, Chamath Palihapitiya and Ian Osborne. A majority of the voting interests of the Sponsor are held by ChaChaCha SPAC B, LLC ("ChaChaCha"). Messrs. Palihapitiya and Osborne and ChaChaCha may be deemed to beneficially own shares held by the Sponsor by virtue 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.