Glenn Solomon - Feb 24, 2023 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Glenn Solomon
Stock symbol
OPEN
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
4
Date filed
2/28/2023, 05:02 PM
Previous filing
Feb 3, 2023
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $0 +41.7K +154.34% $0.00 68.8K Feb 24, 2023 Direct F1, F2
holding OPEN Common Stock 208K Feb 24, 2023 By Trust F3
holding OPEN Common Stock 6.6M Feb 24, 2023 By GGV Capital Select L.P. F4
holding OPEN Common Stock 20.9K Feb 24, 2023 By GGV Capital LLC F5, F6
holding OPEN Common Stock 286K Feb 24, 2023 By GGV Capital V Entrepreneurs Fund L.P. F7
holding OPEN Common Stock 7.8M Feb 24, 2023 By GGV Capital V L.P. F8
holding OPEN Common Stock 156K Feb 24, 2023 By GGV Capital V L.L.C. F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Plan in lieu of retainer fees of $65,000.00.
F2 Gives effect to the transfer of 1,488 shares to GGV Capital LLC ("GGV Capital") for no consideration subsequent to the Reporting Person's most recent filing, which shares were previously held for the benefit of GGV Capital.
F3 The shares are held of record by a family trust, as a trustee, the Reporting Person may be deemed to have voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
F4 The shares are held of record by GGV Capital Select L.P. ("GGV Select LP"). As a managing member of GGV Capital Select L.L.C. ("GGV Select LLC"), the general partner of GGV Select LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Select LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F5 Gives effect to the receipt of shares from the transfer described in footnote 2.
F6 The shares are held of record by GGV Capital. As a managing member of GGV Capital, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Capital. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F7 The shares are held of record by GGV Entrepreneurs. As a managing member of GGV V LLC, the general partner of GGV Entrepreneurs, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Entrepreneurs. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F8 The shares are held of record by GGV V LP. As a managing member of GGV Capital V L.L.C. ("GGV V LLC"), the general partner of GGV V LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F9 The shares are held of record by GGV V LLC. As a managing member of GGV V LLC, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LLC. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.