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Opendoor Technologies Inc. — Director's Dealing 2022
May 28, 2022
30905_dirs_2022-05-27_71ce2655-fce9-4776-8af8-f2c184d26962.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Opendoor Technologies Inc. (OPEN)
CIK: 0001801169
Period of Report: 2022-05-25
Reporting Person: Solomon Glenn (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-25 | Common Stock | A | 25543 | — | Acquired | 47915 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 99068 | Indirect |
| Common Stock | 7330756 | Indirect |
| Common Stock | 569344 | Indirect |
| Common Stock | 15513563 | Indirect |
Footnotes
F1: Represents an award of 25,543 restricted stock units ("RSUs") subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in a single installment on the earlier to occur of (a) the Issuer's next annual meeting of stockholders and (b) May 25, 2023, in each case subject to the Reporting Person's continued service to the Issuer.
F2: The number of shares reported as beneficially owned gives effect to the distributions in kind of shares of Common Stock by GGCV and GGCVEF subsequent to the Reporting Person's most recent filing, which transactions was exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F3: GGV Capital V L.L.C. ("GGCV LLC") is the General Partner of GGV Capital V, L.P. ("GGCV") and GGV Capital V Entrepreneurs Fund L.P. ("GGCVEF"). GGV Select L.L.C. ("GGCS LLC") is the General Partner of GGV Capital Select L.P. ("GGCS"). Mr. Solomon is a managing director of GGCV LLC and GGCS LLC and, therefore, may be deemed to beneficially own the shares held by GGCV, GGCS and GGCVEF. Mr. Solomon disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.