Form 4 for OPEN Opendoor Technologies Inc.
Accepted 2025-03-17 00:00:00 ET · period of report 2025-03-13 · accession 0001801169-25-000024 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-03-17 | 2025-03-17 | OPEN | Schaub Sydney | CLO | S - Sale | $1.12 | -87.5K | 1.70M | -5% | -$98.0K |
| M | 2025-03-17 | 2025-03-13 | OPEN | Schaub Sydney | CLO | A - Grant | $0.00 | +540.1K | 1.22M | +80% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-17 | S | D | 76,958 | $1.12 | 1,619,111 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.095 to $1.15, 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. |
| 2 | Common | Common Stock | 2025-03-17 | S | D | 10,516 | $1.12 | 1,696,069 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.095 to $1.15, 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. |
| 3 | Common | Common Stock | 2025-03-13 | A | A | 490,000 | $0.00 | 1,706,585 | D | — | — | (F2) Represents an award of 490,000 restricted stock units ("RSUs") subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. One-tenth of the total number of RSUs will vest in quarterly installments over the next ten quarters following the vesting commencement date on March 15, 2025, in each case subject to the Reporting Person's continued service to the Issuer. |
| 4 | Common | Common Stock | 2025-03-13 | A | A | 50,105 | $0.00 | 1,216,585 | D | — | — | (F1) Represents performance-based restricted stock units ("PRSUs") previously granted to the Reporting Person by the Issuer on February 26, 2024. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 13, 2025. Accordingly, one third of the total number of PRSUs vested on March 15, 2025, and the remaining two thirds of the PRSUs will vest in substantially equal quarterly installments over the next eight quarters following March 15, 2025. |