Nguyen Giang 4
4 · Opendoor Technologies Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Opendoor (OPEN) COO Nguyen Giang Sells Shares
What Happened Nguyen Giang, Chief Operating Officer of Opendoor Technologies, sold 10,866 shares on 2026-04-15 in a reported disposition totaling $50,488 (weighted average price $4.65). The sale was effected as a mandatory sell-to-cover to satisfy tax withholding in connection with the vesting of restricted stock units and was not a discretionary trade by the reporting person.
Key Details
- Transaction date: 2026-04-15 (Form 4 filed 2026-04-17; filing appears timely, within the usual two-business-day window).
- Shares sold: 10,866; weighted-average price: $4.65; total proceeds reported: $50,488.
- Price range: sales executed at prices between $4.50 and $4.71 (Reporting Person can provide per-price breakdown on request).
- Reason/footnote: Sale pursuant to mandatory sell-to-cover for RSU tax withholding (footnote F1).
- Shares owned after transaction: Not disclosed in this filing.
- Transaction type: Sale (routine tax withholding rather than an opportunistic market sale).
Context A sell-to-cover occurs when vested RSUs are partially sold to cover required tax withholding; it is a common, administrative transaction and not necessarily a signal of insider sentiment. Purchases by insiders tend to be more informative about confidence in the company; this filing documents a routine tax-related disposition.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-15$4.65/sh−10,866$50,488→ 8,189,134 total
Footnotes (2)
- [F1]The sale was effected pursuant to a mandatory sell-to-cover taxes program in connection with the vesting of restricted stock units implemented by the compensation committee of the board of directors of the Issuer. 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 $4.50 to $4.71, 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.