Daniel Morillo - Jun 18, 2021 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Signature
/s/ Carrie Wheeler, Attorney-in fact
Stock symbol
OPEN
Transactions as of
Jun 18, 2021
Transactions value $
-$4,330,507
Form type
4
Date filed
6/25/2021, 08:51 PM
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Options Exercise +485K +23.08% 2.59M Jun 18, 2021 Direct F1
transaction OPEN Common Stock Sale -$4.33M -253K -9.79% $17.10 2.33M Jun 23, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OPEN Performance Rights Options Exercise -485K -100% 0 Jun 18, 2021 Common Stock 485K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance right represented a contingent right to receive one share of the Issuer's Common Stock upon the Issuer's Common Stock achieving certain share-price based goals.
F2 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.