Nguyen Giang 4
4 · Opendoor Technologies Inc. · Filed Jul 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 (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.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-07-15$4.68/sh−3,591$16,823→ 8,185,543 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 $4.545 to $4.805, 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.