Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Opendoor Technologies Inc. Director's Dealing 2025

Mar 18, 2025

30905_dirs_2025-03-17_04eb4099-440b-48eb-8238-8c87533ff052.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Opendoor Technologies Inc. (OPEN)
CIK: 0001801169
Period of Report: 2025-03-13

Reporting Person: Schaub Sydney (Chief Legal Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-03-13 Common Stock A 50105 Acquired 1216585 Direct
2025-03-13 Common Stock A 490000 Acquired 1706585 Direct
2025-03-17 Common Stock S 10516 $1.1164 Disposed 1696069 Direct
2025-03-17 Common Stock S 76958 $1.1163 Disposed 1619111 Direct

Footnotes

F1: Represents performance-based restricted stock units ("PRSUs") previously granted to the Reporting Person by the Issuer on February 26, 2024. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 13, 2025. Accordingly, one third of the total number of PRSUs vested on March 15, 2025, and the remaining two thirds of the PRSUs will vest in substantially equal quarterly installments over the next eight quarters following March 15, 2025.

F2: Represents an award of 490,000 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. One-tenth of the total number of RSUs will vest in quarterly installments over the next ten quarters following the vesting commencement date on March 15, 2025, in each case subject to the Reporting Person's continued service to the Issuer.

F3: This sale was effected pursuant to a Rule 10b5-1 "sell to cover" election made by the Reporting Person for the sole purpose to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously granted restricted stock awards. This sale does not represent a discretionary trade by the Reporting Person.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.095 to $1.15, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.