Schaub Sydney 4

What Happened

• Sydney Schaub, Chief Legal Officer of Opendoor Technologies (OPEN), had shares withheld to satisfy tax withholding on vested restricted stock units. On 2025-09-15, 101,597 shares were withheld at $9.07 per share ($921,485); on 2025-10-15, 16,459 shares were withheld at $7.64 per share ($125,747). Total withheld = 118,056 shares, totaling approximately $1,047,232. These were tax-withholding dispositions (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2025-09-15: 101,597 shares withheld @ $9.07 = $921,485
  • 2025-10-15: 16,459 shares withheld @ $7.64 = $125,747
• Total withheld: 118,056 shares; total value ≈ $1,047,232
• Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs
• Footnote: F1 confirms these were shares withheld to cover tax obligations for previously reported RSU vesting
• Filing: Form 4 filed 2026-04-17 (covers transactions in Sept–Oct 2025); the filing date is several months after the transactions
• Shares owned after the transactions: not specified in the provided filing
• Exhibit listed: Exhibit 24 — Power of Attorney

Context

• This was a routine tax-withholding disposition tied to RSU vesting (often called a "cashless" or share-withholding to cover taxes), not an open-market sale indicating a market exit. Such withholdings are common when awards vest and do not, by themselves, imply insider sentiment about the stock.