Glenn Solomon - 09 Nov 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
09 Nov 2022
Transactions value $
$-8,932,286
Form type
4
Filing time
14 Nov 2022, 18:07:21 UTC
Previous filing
22 Sep 2022
Next filing
12 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Sale $-611,398 -407,599 -3.5% $1.50 11,247,566 09 Nov 2022 By GGV Capital V L.P. F1, F2, F3
transaction OPEN Common Stock Sale $-22,438 -14,959 -3.5% $1.50 412,783 09 Nov 2022 By GGV Capital V Entrepreneurs Fund L.P. F1, F4, F5
transaction OPEN Common Stock Sale $-116,163 -77,442 -1.06% $1.50 7,253,314 09 Nov 2022 By GGV Capital Select L.P. F1, F6
transaction OPEN Common Stock Sale $-1,829,879 -1,022,279 -9.09% $1.79 10,225,287 10 Nov 2022 By GGV Capital V L.P. F3, F7
transaction OPEN Common Stock Sale $-67,155 -37,517 -9.09% $1.79 375,266 10 Nov 2022 By GGV Capital V Entrepreneurs Fund L.P. F5, F7
transaction OPEN Common Stock Sale $-347,668 -194,228 -2.68% $1.79 7,059,086 10 Nov 2022 By GGV Capital Select L.P. F6, F7
transaction OPEN Common Stock Sale $-3,018,398 -1,479,607 -14.5% $2.04 8,745,680 11 Nov 2022 By GGV Capital V L.P. F3, F8
transaction OPEN Common Stock Sale $-110,774 -54,301 -14.5% $2.04 320,965 11 Nov 2022 By GGV Capital V Entrepreneurs Fund L.P. F5, F8
transaction OPEN Common Stock Sale $-573,481 -281,118 -3.98% $2.04 6,777,968 11 Nov 2022 By GGV Capital Select L.P. F6, F8
transaction OPEN Common Stock Sale $-1,821,913 -948,913 -10.9% $1.92 7,796,767 14 Nov 2022 By GGV Capital V L.P. F3, F9
transaction OPEN Common Stock Sale $-66,864 -34,825 -10.9% $1.92 286,140 14 Nov 2022 By GGV Capital V Entrepreneurs Fund L.P. F5, F9
transaction OPEN Common Stock Sale $-346,153 -180,288 -2.66% $1.92 6,597,680 14 Nov 2022 By GGV Capital Select L.P. F6, F9
holding OPEN Common Stock 28,519 09 Nov 2022 Direct F10
holding OPEN Common Stock 208,212 09 Nov 2022 By Trust F11, F12
holding OPEN Common Stock 155,709 09 Nov 2022 By GGV Capital V L.L.C. F11, F13
holding OPEN Common Stock 19,396 09 Nov 2022 By GGV Capital LLC F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53 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 within the range set forth in this footnote.
F2 The number of shares reported as beneficially owned gives effect to pro rata distributions in kind of shares of Common Stock by GGV Capital V L.P. ("GGV V LP") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F3 The shares are held of record by GGV V LP. As a managing member of GGV Capital V L.L.C. ("GGV V LLC"), the general partner of GGV V LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F4 The number of shares reported as beneficially owned gives effect to pro rata distributions in kind effected by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F5 The shares are held of record by GGV Entrepreneurs. As a managing member of GGV V LLC, the general partner of GGV Entrepreneurs, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Entrepreneurs. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F6 The shares are held of record by GGV Capital Select L.P. ("GGV Select LP"). As a managing member of GGV Capital Select L.L.C. ("GGV Select LLC"), the general partner of GGV Select LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Select LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.66 to $2.06 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 within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.90 to $2.19 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 within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.86 to $2.08 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 within the range set forth in this footnote.
F10 Gives effect to the transfer of 19,396 shares to GGV Capital LLC ("GGV Capital") for no consideration subsequent to the Reporting Person's most recent filing, which shares were previously held for the benefit of GGV Capital.
F11 The number of shares reported as beneficially owned gives effect to the receipt of shares from the pro rata distribution described in footnotes 2 and 4, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
F12 The shares are held of record by a family trust, as a trustee, the Reporting Person may be deemed to have voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
F13 The shares are held of record by GGV V LLC. As a managing member of GGV V LLC, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LLC. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
F14 Gives effect to the receipt of shares from the transfer described in footnote 10.
F15 The shares are held of record by GGV Capital. As a managing member of GGV Capital, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Capital. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.