Benson David C 4
4 · Opendoor Technologies Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Opendoor (OPEN) Director David C. Benson Sells 40,000 Shares
What Happened
David C. Benson, a director of Opendoor Technologies, sold 40,000 shares in an open-market transaction on June 16, 2026. The weighted-average sale price was $4.83 per share, for total proceeds of approximately $193,364. The shares were sold in multiple trades at prices ranging from $4.60 to $5.02.
Key Details
- Transaction date: 2026-06-16 (open-market sale, code S)
- Price/details: Weighted average $4.83; individual trades ranged $4.60–$5.02. Reporting person can provide per-trade breakdown on request (see footnote).
- Shares disposed: 40,000; proceeds ≈ $193,364.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Sale executed under a Rule 10b5-1 plan established March 6, 2026 to cover taxes related to vesting restricted stock units (RSUs). The filing discloses weighted average price and the plan/tax purpose.
- Timeliness: Form 4 was filed with a report date of 2026-06-16 (no late filing indicated).
Context
This sale was made under a pre-established 10b5-1 trading plan to satisfy tax obligations from RSU vesting, a common reason insiders sell shares that does not, by itself, indicate a change in view on the company. For retail investors, purchases are typically more indicative of insider confidence; routine, tax-related sales are common and should be weighed alongside other insider activity and company fundamentals.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-16$4.83/sh−40,000$193,364→ 180,099 total
Footnotes (2)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 instruction entered into on March 6, 2026 to cover taxes in connection with the vesting of restricted stock units.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.60 to $5.02, 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.