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Opendoor Technologies Inc. — Director's Dealing 2023
Nov 30, 2023
30905_dirs_2023-11-29_4e7b6df8-faa3-4123-ba7c-63bbdc8f7aed.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: 2023-11-27
Reporting Person: Wu Eric Chung-Wei (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-27 | Common Stock | G | 10000000 | — | Disposed | 9009219 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5000000 | Indirect |
| Common Stock | 5000000 | Indirect |
Footnotes
F1: On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to a charitable remainder trust (the "CRT"), of which the Reporting Person is trustee and one of the beneficiaries of the CRT. The Reporting Person disclaims beneficial ownership of the shares held by the CRT except to the extent of his pecuniary interest therein.
F2: On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to the Wu Delaware Trust Holdings LLC (the "LLC"), of which the sole member is a Delaware incomplete non-grantor trust, the Bryn Mawr Trust Company of Delaware, as trustee. The Reporting Person is the manager of the LLC and will continue to have investment control over the shares held by the LLC. The Reporting Person is one of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein.