Glenn Solomon - Jun 14, 2023 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 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/16/2023, 04:47 PM
Previous filing: Jun 15, 2023
Next filing: Jun 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPEN	Common Stock	Award	$0	+92.2K	+134.06%	$0.00	161K	Jun 14, 2023	Direct	F1
holding	OPEN	Common Stock						309K	Jun 14, 2023	By Trust	F2, F3, F4
holding	OPEN	Common Stock						6.6M	Jun 14, 2023	By GGV Capital Select L.P.	F5
holding	OPEN	Common Stock						20.9K	Jun 14, 2023	By GGV Capital LLC	F6
holding	OPEN	Common Stock						215K	Jun 14, 2023	By GGV Capital V Entrepreneurs Fund L.P.	F7, F8
holding	OPEN	Common Stock						5.87M	Jun 14, 2023	By GGV Capital V L.P.	F2, F9
holding	OPEN	Common Stock						51.9K	Jun 14, 2023	By GGV Capital V L.L.C.	F2, F3, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 14, 2024, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.
F2	The number of shares reported as beneficially owned gives effect to pro rata distributions in kind of shares of Common Stock by GGV Capital V L.P. ("GGV V LP") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F3	The number of shares reported as beneficially owned gives effect to pro rata distributions in kind effected by GGV Capital V L.L.C. ("GGV V LLC") to its members for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F4	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.
F5	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.
F6	The shares are held of record by GGV Capital LLC ("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 number of shares reported as beneficially owned gives effect to pro rata distributions in kind effected by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F8	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.
F9	The shares are held of record by GGV V LP. As a managing member of 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.
F10	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.