Glenn Solomon - Feb 14, 2025 Form 4 Insider Report for Opendoor Technologies Inc. (OPEN)

Role
Director
Signature
/s/ Carrie Wheeler, Attorney-in-fact
Stock symbol
OPEN
Transactions as of
Feb 14, 2025
Transactions value $
$0
Form type
4
Date filed
2/19/2025, 04:13 PM
Previous filing
Feb 4, 2025
Next filing
Mar 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPEN Common Stock Award $0 +43.9K +21.01% $0.00 253K Feb 14, 2025 Direct F1
holding OPEN Common Stock 520K Feb 14, 2025 By Trust F2, F3, F4, F5
holding OPEN Common Stock 2.2M Feb 14, 2025 By GGV Capital Select L.P. F2, F6
holding OPEN Common Stock 79.2K Feb 14, 2025 By GGV Capital LLC F7
holding OPEN Common Stock 73.1K Feb 14, 2025 By GGV Capital V Entrepreneurs Fund L.P. F4, F8
holding OPEN Common Stock 1.99M Feb 14, 2025 By GGV Capital V L.P. F3, F9
holding OPEN Common Stock 44.7K Feb 14, 2025 By GGV Capital V L.L.C. F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs") were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Plan in lieu of retainer fees of $65,000.00. The RSUs vest in four substantially equal installments on the last trading day in each quarter occurring during 2025, subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.
F2 Gives effect to pro rata distributions of shares by GGV Capital Select L.P. ("GGV Select LP") to its general and limited partners, and the subsequent distribution of shares by the general partner to its members, in each case for no consideration, subsequent to the Reporting Person's most recent filing, which represented a change in the form of the Reporting Person's ownership that was not required to be reported under Section 16.
F3 Gives effect to pro rata distributions of shares by GGV Capital V L.P. ("GGV V LP") to its general and limited partners, and the subsequent distribution of shares by the general partner to its members, in each case for no consideration, subsequent to the Reporting Person's most recent filing, which represented a change in the form of the Reporting Person's ownership that was not required to be reported under Section 16.
F4 Gives effect to pro rata distributions of shares by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs") to its general and limited partners, and the subsequent distribution of shares by the general partner to its members, in each case for no consideration, subsequent to the Reporting Person's most recent filing, which represented a change in the form of the Reporting Person's ownership that was not required to be reported under Section 16.
F5 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.
F6 The shares are held of record by 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 shares are held of record by GGV Capital LLC ("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.
F8 The shares are held of record by GGV Entrepreneurs. As a managing member of GGV Capital V L.L.C. ("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.
F9 The shares are held of record by GGV V LP. As a managing member of 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.
F10 Gives effect to the receipt of shares in the pro rata distributions by GGV V LP described in footnote (3) subsequent to the Reporting Person's most recent filing, which represented a change in the form of the Reporting Person's ownership that was not required to be reported under Section 16.
F11 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.