Schwartz Christina 4

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.