Glenn Solomon - 16 Nov 2021 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in fact
Issuer symbol
OPEN
Transactions as of
16 Nov 2021
Transactions value $
$0
Form type
4
Filing time
18 Nov 2021, 19:51:34 UTC
Previous filing
02 Jul 2021
Next filing
08 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Other -71,127 -10% 640,145 16 Nov 2021 By GGV Capital V Entrepreneurs Fund L.P. F1, F2
transaction OPEN Common Stock Other -1,938,085 -10% 17,442,762 16 Nov 2021 By GGV Capital V L.P. F2, F3
transaction OPEN Common Stock Other +44,496 44,496 16 Nov 2021 By The Solomon Family Trust, Dated January 10, 2005 F4
holding OPEN Common Stock 16,420 16 Nov 2021 Direct
holding OPEN Common Stock 7,330,756 16 Nov 2021 By GGV Capital Select L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro rata distribution in-kind by GGV Capital V Entrepreneurs Fund L.P., without additional consideration, to its partners.
F2 GGV Capital V L.L.C. ("GGCV LLC") is the General Partner of GGV Capital V L.P. ("GGCV") and GGV Capital V Entrepreneurs Fund L.P. ("GGCVEF"). GGV Select L.L.C. ("GGCS LLC") is the General Partner of GGV Capital Select L.P. ("GGCS"). Mr. Solomon is a managing director of GGCV LLC and GGCS LLC and, therefore, may be deemed to beneficially own the shares held by GGCV, GGCS and GGCVEF. Mr. Solomon disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
F3 Represents a pro rata distribution in-kind by GGV Capital V L.P., without additional consideration, to its partners.
F4 Represents the receipt of shares by virtue of the distributions described in footnotes (1) and (3) hereto.