4//SEC Filing
Schaub Sydney 4
Accession 0001801169-25-000024
CIK 0001801169other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 7:27 PM ET
Size
10.9 KB
Accession
0001801169-25-000024
Insider Transaction Report
Form 4
Schaub Sydney
Chief Legal Officer
Transactions
- Sale
Common Stock
2025-03-17$1.12/sh−10,516$11,740→ 1,696,069 total - Award
Common Stock
2025-03-13+490,000→ 1,706,585 total - Sale
Common Stock
2025-03-17$1.12/sh−76,958$85,908→ 1,619,111 total - Award
Common Stock
2025-03-13+50,105→ 1,216,585 total
Footnotes (4)
- [F1]Represents performance-based restricted stock units ("PRSUs") previously granted to the Reporting Person by the Issuer on February 26, 2024. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 13, 2025. Accordingly, one third of the total number of PRSUs vested on March 15, 2025, and the remaining two thirds of the PRSUs will vest in substantially equal quarterly installments over the next eight quarters following March 15, 2025.
- [F2]Represents an award of 490,000 restricted stock units ("RSUs") subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. One-tenth of the total number of RSUs will vest in quarterly installments over the next ten quarters following the vesting commencement date on March 15, 2025, in each case subject to the Reporting Person's continued service to the Issuer.
- [F3]This sale was effected pursuant to a Rule 10b5-1 "sell to cover" election made by the Reporting Person for the sole purpose to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously granted restricted stock awards. This sale does not represent a discretionary trade by the Reporting Person.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.095 to $1.15, 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.
Documents
Issuer
Opendoor Technologies Inc.
CIK 0001801169
Entity typeother
Related Parties
1- filerCIK 0001944295
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 7:27 PM ET
- Size
- 10.9 KB