JAFFE JONATHAN M 4
4 · Opendoor Technologies Inc. · Filed Jun 16, 2023
Insider Transaction Report
Form 4
JAFFE JONATHAN M
Director
Transactions
- Award
Common Stock
2023-06-14+92,166→ 117,709 total(indirect: By LLC)
Footnotes (2)
- [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, 2024, 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 reported shares are owned by Len X, LLC, a wholly-owned subsidiary of Lennar Corporation of which the Reporting Person is the Co-Chief Executive Officer and Co-President and member of the board of directors. The reporting person is a minority shareholder of Lennar Corporation, owning less than one percent of Lennar Corporation's outstanding shares. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.