Adam Bain - 30 Jun 2021 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in fact
Issuer symbol
OPEN
Transactions as of
30 Jun 2021
Net transactions value
+$868,998
Form type
4
Filing time
02 Jul 2021, 18:10:41 UTC
Previous filing
21 Jun 2021
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $70,087 +4,302 +11% $16.29 42,189 30 Jun 2021 Direct F1
transaction OPEN Common Stock Exercise of in-the-money or at-the-money derivative security $14,547,500 +1,265,000 +121% $11.50 2,311,719 02 Jul 2021 By: 01 Advisors 01 LP F2, F3
transaction OPEN Common Stock Tax liability $13,748,590 -815,166 -35% $16.87 1,496,553 02 Jul 2021 By: 01 Advisors 01 LP F3, F4
holding OPEN Common Stock 225,000 30 Jun 2021 By: 010118 Management, L.P F3

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 Warrant Exercise of in-the-money or at-the-money derivative security -1,265,000 -100% 0 02 Jul 2021 Common Stock 1,265,000 $11.50 By: 01 Advisors 01 LP F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units issued to the reporting person pursuant to the Issuer's Non-Employee Director Compensation Plan in lieu of retainer fees of $70,081.97.
F2 Represents 1,046,719 shares of common stock received in a pro rata distribution-in-kind from SCH Sponsor II LLC and 1,265,000 shares of common stock received upon the exercise of 1,265,000 warrants received in a separate pro rata distribution-in-kind from SCH Sponsor II LLC.
F3 On the basis of the reporting person's relationship with 010118 Management, L.P. ("010118") and 01 Advisors 01 LP ("01 Advisors"), the reporting person may be deemed a beneficial owner of the shares of the Company's Common Stock held by 010118 and 01 Advisors. The reporting person disclaims beneficial ownership of the shares of the Company's Common Stock held by 010118 and 01 Advisors, except to the extent of his pecuniary interest therein.
F4 Represents securities received in a pro rata distribution-in-kind from SCH Sponsor II LLC.