Eric Chung-Wei Wu - Nov 27, 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: Nov 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/29/2023, 07:35 PM
Previous filing: Nov 17, 2023
Next filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPEN	Common Stock	Gift	$0	-10M	-52.61%	$0.00	9.01M	Nov 27, 2023	Direct	F1, F2
holding	OPEN	Common Stock						5M	Nov 27, 2023	By Trust	F1
holding	OPEN	Common Stock						5M	Nov 27, 2023	By LLC	F2

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

Explanation of Responses:

Id	Content
F1	On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to a charitable remainder trust (the "CRT"), of which the Reporting Person is trustee and one of the beneficiaries of the CRT. The Reporting Person disclaims beneficial ownership of the shares held by the CRT except to the extent of his pecuniary interest therein.
F2	On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to the Wu Delaware Trust Holdings LLC (the "LLC"), of which the sole member is a Delaware incomplete non-grantor trust, the Bryn Mawr Trust Company of Delaware, as trustee. The Reporting Person is the manager of the LLC and will continue to have investment control over the shares held by the LLC. The Reporting Person is one of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein.

Content

On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to a charitable remainder trust (the "CRT"), of which the Reporting Person is trustee and one of the beneficiaries of the CRT. The Reporting Person disclaims beneficial ownership of the shares held by the CRT except to the extent of his pecuniary interest therein.

On November 27, 2023, the Reporting Person contributed 5,000,000 shares of common stock to the Wu Delaware Trust Holdings LLC (the "LLC"), of which the sole member is a Delaware incomplete non-grantor trust, the Bryn Mawr Trust Company of Delaware, as trustee. The Reporting Person is the manager of the LLC and will continue to have investment control over the shares held by the LLC. The Reporting Person is one of the beneficiaries of the trust. The Reporting Person disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein.