Christina Schwartz - Dec 20, 2022 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Signature
/s/ Carrie Wheeler, Attorney-in-Fact
Stock symbol
OPEN
Transactions as of
Dec 20, 2022
Transactions value $
-$2,702
Form type
4
Date filed
12/23/2022, 09:14 AM
Previous filing
Dec 20, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Sale -$2.7K -2.15K -0.37% $1.26 585K Dec 20, 2022 Direct F1, F2
transaction OPEN Common Stock Award $0 +250K +42.74% $0.00 835K Dec 20, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 instruction letter to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.2500 to $1.2700, 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.
F3 Represents 250,000 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-eighth of the total number of RSUs will vest on each quarterly anniversary following December 15, 2022, in each case subject to the Reporting Person's continued service to the Issuer.

Remarks:

Officer Title: Interim Chief Financial Officer