Bain Adam 4

What Happened
Adam Bain, a non-employee director of Opendoor Technologies, was granted 9,918 restricted stock units (RSUs) on Feb 17, 2026. The RSUs were issued at $0.00 (typical for RSU awards) in lieu of director retainer fees totalling $62,500 — an implied grant value of roughly $62,500 (about $6.30 per RSU). These are awards (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (appears timely).
• Award: 9,918 RSUs; reported acquisition price: $0.00.
• Implied grant value: $62,500 total (≈ $6.30 per RSU) per filing footnote.
• Vesting: Four substantially equal installments on the last trading day of each quarter in 2026, subject to continued service as a non-employee director.
• Shares owned after transaction: not specified in the filing.
• Beneficial ownership note: Bain may be deemed a beneficial owner of shares held by 010118 Management, L.P. and 01 Advisors 01 L.P. based on his relationship with those entities; he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
RSU grants to non-employee directors are standard compensation and represent deferred equity compensation that vests over time; they are not an immediate cash purchase or sale and don’t necessarily signal near-term trading intent. The award replaces cash retainer fees and will convert to shares only as the RSUs vest.