Opendoor (OPEN) COO Nguyen Giang Sells Shares

What Happened Nguyen Giang, Chief Operating Officer of Opendoor Technologies (OPEN), disposed of 3,591 shares on July 15, 2026. The weighted-average price reported was $4.68 per share (sale prices ranged from $4.545 to $4.805), for total proceeds of approximately $16,823. This was a sale (not a purchase) and was effected pursuant to a Rule 10b5-1 "sell-to-cover" arrangement to satisfy tax withholding on vested restricted stock — the filing notes this was not a discretionary trade.

Key Details

• Transaction date: 2026-07-15; filing date: 2026-07-17 (appears timely).
• Shares sold: 3,591; weighted-average price: $4.68; price range: $4.545–$4.805.
• Proceeds: ~ $16,823.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnotes: F1 — sale was under a 10b5-1 sell-to-cover election to satisfy tax withholding (non-discretionary). F2 — shares sold in multiple transactions; the filer can provide a breakdown of shares sold at each price on request.

Context Sell-to-cover transactions are common when restricted stock vests and are used to pay required taxes; they do not necessarily signal the insider’s view on the company’s prospects. This is a relatively small, routine tax-related sale by an executive rather than a market-timed disposition.