Glenn Solomon - 25 May 2022 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in-fact
Issuer symbol
OPEN
Transactions as of
25 May 2022
Transactions value $
$0
Form type
4
Filing time
27 May 2022, 18:49:06 UTC
Previous filing
10 May 2022
Next filing
22 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $0 +25,543 +114% $0.000000 47,915 25 May 2022 Direct F1
holding OPEN Common Stock 99,068 25 May 2022 By The Solomon Family Trust, Dated January 10, 2005 F2
holding OPEN Common Stock 7,330,756 25 May 2022 By GGV Capital Select L.P. F3
holding OPEN Common Stock 569,344 25 May 2022 By GGV Capital V Entrepreneurs Fund L.P. F2, F3
holding OPEN Common Stock 15,513,563 25 May 2022 By GGV Capital V L.P. F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 25,543 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. The RSUs vest in a single installment on the earlier to occur of (a) the Issuer's next annual meeting of stockholders and (b) May 25, 2023, in each case subject to the Reporting Person's continued service to the Issuer.
F2 The number of shares reported as beneficially owned gives effect to the distributions in kind of shares of Common Stock by GGCV and GGCVEF subsequent to the Reporting Person's most recent filing, which transactions was exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F3 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.