Glenn Solomon - Jun 17, 2021 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in fact
Stock symbol
OPEN
Transactions as of
Jun 17, 2021
Transactions value $
$0
Form type
4
Date filed
6/21/2021, 09:26 PM
Next filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $0 +12.3K $0.00 12.3K Jun 17, 2021 Direct F1
holding OPEN Common Stock 711K Jun 17, 2021 By GGV Capital V Entrepreneurs Fund L.P. F2
holding OPEN Common Stock 7.33M Jun 17, 2021 By GGV Capital Select L.P. F2
holding OPEN Common Stock 19.4M Jun 17, 2021 By GGV Capital V, L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 12,277 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) June 17, 2022, in each case subject to the Reporting Person's continued service to the Issuer.
F2 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.