Megan D. Meyer - Dec 13, 2023 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
President, Sell Direct & Svcs.
Signature
/s/ Carrie Wheeler, Attorney-in-fact
Stock symbol
OPEN
Transactions as of
Dec 13, 2023
Transactions value $
-$166,668
Form type
4
Date filed
12/13/2023, 07:01 PM
Previous filing
Dec 8, 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 Sale -$167K -41.7K -1.59% $4.00 2.58M Dec 13, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 15, 2023.