Schwartz Christina 4
4 · Opendoor Technologies Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Opendoor (OPEN) CFO Christina Schwartz Sells 74,248 Shares
What Happened
Christina Schwartz, Chief Financial Officer of Opendoor Technologies (OPEN), sold 74,248 shares on 2026-02-17 in open-market transactions at a weighted-average price of $4.32, for total proceeds of approximately $320,633. The filing indicates this was a sell-to-cover transaction executed under a Rule 10b5-1 plan to satisfy tax withholding on previously granted restricted stock awards, not a discretionary trade.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely filing).
- Transaction type: Sale (S) reported as open market or private sale.
- Price: weighted-average $4.32; individual trade prices ranged from $4.265 to $4.40. (Reporting person will provide per-trade breakdown on request — see footnote.)
- Shares sold: 74,248; proceeds: ~$320,633.
- Shares owned after transaction: not disclosed in this Form 4.
- Footnotes: F1 — sale effected under a Rule 10b5-1 "sell to cover" plan to satisfy tax withholding; not a discretionary trade. F2 — weighted-average price; per-trade prices available on request.
Context
Sell-to-cover transactions are commonly used to cover tax obligations when restricted shares vest and generally reflect tax management rather than a directional bet on the stock. For retail investors, purchases or large discretionary insider buys often carry more weight as signals than routine tax-withholding sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-17$4.32/sh−74,248$320,633→ 3,844,214 total
Footnotes (2)
- [F1]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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.265 to $4.40 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.