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

Signature
/s/ Carrie Wheeler, Attorney-in-fact
Issuer symbol
OPEN
Transactions as of
13 Dec 2023
Net transactions value
-$166,668
Form type
4
Filing time
13 Dec 2023, 19:01:53 UTC
Previous filing
08 Dec 2023
Next filing
19 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Sale $166,668 -41,667 -1.6% $4.00 2,577,099 13 Dec 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.