Eric Chung-Wei Wu - Dec 15, 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
Dec 15, 2023
Transactions value $
$0
Form type
4
Date filed
12/19/2023, 05:06 PM
Previous filing
Nov 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Gift $0 -710K -7.89% $0.00 8.3M Dec 15, 2023 Direct
holding OPEN Common Stock 5M Dec 15, 2023 By Trust F1
holding OPEN Common Stock 5M Dec 15, 2023 By LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held of record by 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 The shares are held of record by 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.