WHEELER CARRIE - 18 Jun 2021 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
CFO
Signature
/s/ Carrie Wheeler
Issuer symbol
OPEN
Transactions as of
18 Jun 2021
Net transactions value
-$2,037,892
Form type
4
Filing time
25 Jun 2021, 20:52:20 UTC
Previous filing
24 May 2021
Next filing
06 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Options Exercise +485,262 +12% 4,566,204 18 Jun 2021 Direct F1
transaction OPEN Common Stock Sale $2,037,892 -119,175 -2.6% $17.10 4,447,029 23 Jun 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 -485,262 -100% 0 18 Jun 2021 Common Stock 485,262 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.