Glenn Solomon - Jun 14, 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
Jun 14, 2024
Transactions value $
$0
Form type
4
Date filed
6/18/2024, 05:42 PM
Previous filing
Mar 22, 2024
Next filing
Jun 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $0 +88K +72.6% $0.00 209K Jun 14, 2024 Direct F1
holding OPEN Common Stock 321K Jun 14, 2024 By Trust F2
holding OPEN Common Stock 6.6M Jun 14, 2024 By GGV Capital Select L.P. F3
holding OPEN Common Stock 79.2K Jun 14, 2024 By GGV Capital LLC F4
holding OPEN Common Stock 215K Jun 14, 2024 By GGV Capital V Entrepreneurs Fund L.P. F5
holding OPEN Common Stock 5.87M Jun 14, 2024 By GGV Capital V L.P. F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 14, 2025, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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.