Glenn Solomon - Feb 23, 2024 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in-fact
Stock symbol
OPEN
Transactions as of
Feb 23, 2024
Transactions value $
-$55,964
Form type
4
Date filed
2/27/2024, 07:23 PM
Previous filing
Feb 21, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Sale -$56K -19.2K -100% $2.91 0 Feb 23, 2024 By GGV Capital V L.L.C. F1, F2, F3
holding OPEN Common Stock 121K Feb 23, 2024 Direct
holding OPEN Common Stock 321K Feb 23, 2024 By Trust F2, F4
holding OPEN Common Stock 6.6M Feb 23, 2024 By GGV Capital Select L.P. F5
holding OPEN Common Stock 79.2K Feb 23, 2024 By GGV Capital LLC F6
holding OPEN Common Stock 215K Feb 23, 2024 By GGV Capital V Entrepreneurs Fund L.P. F7
holding OPEN Common Stock 5.87M Feb 23, 2024 By GGV Capital V L.P. F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.825 to $2.99 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
F2 Gives effect to the pro rata distribution of shares by GGV Capital V L.L.C. ("GGV V LLC") to its members for no consideration subsequent to the Reporting Person's most recent filing, which represented a change in the form of the Reporting Person's ownership that was not required to be reported under Section 16.
F3 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.
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 shares are held of record by GGV Capital V Entrepreneurs Fund L.P. ("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.
F8 The shares are held of record by GGV Capital V L.P. ("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.