<SEC-DOCUMENT>0001801169-24-000131.txt : 20240717
<SEC-HEADER>0001801169-24-000131.hdr.sgml : 20240717
<ACCEPTANCE-DATETIME>20240717190142
ACCESSION NUMBER: 0001801169-24-000131
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240715
FILED AS OF DATE: 20240717
DATE AS OF CHANGE: 20240717
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schwartz Christina
CENTRAL INDEX KEY: 0001957238
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39253
FILM NUMBER: 241123378
MAIL ADDRESS:
STREET 1: C/O OPENDOOR TECHNOLOGIES, INC.
STREET 2: 410 N. SCOTTSDALE ROAD, SUITE 1600
CITY: TEMPE
STATE: AZ
ZIP: 85281
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Opendoor Technologies Inc.
CENTRAL INDEX KEY: 0001801169
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 301318214
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 410 N. SCOTTSDALE ROAD, SUITE 1600
CITY: TEMPE
STATE: AZ
ZIP: 85288
BUSINESS PHONE: 480-618-6760
MAIL ADDRESS:
STREET 1: 410 N. SCOTTSDALE ROAD, SUITE 1600
CITY: TEMPE
STATE: AZ
ZIP: 85288
FORMER COMPANY:
FORMER CONFORMED NAME: Social Capital Hedosophia Holdings Corp. II
DATE OF NAME CHANGE: 20200124
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1721257295.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
<schemaVersion>X0508</schemaVersion>
<documentType>4</documentType>
<periodOfReport>2024-07-15</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
<issuer>
<issuerCik>0001801169</issuerCik>
<issuerName>Opendoor Technologies Inc.</issuerName>
<issuerTradingSymbol>OPEN</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001957238</rptOwnerCik>
<rptOwnerName>Schwartz Christina</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>410 N. SCOTTSDALE ROAD, SUITE 1600</rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity>TEMPE</rptOwnerCity>
<rptOwnerState>AZ</rptOwnerState>
<rptOwnerZipCode>85288</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>See Remarks</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<aff10b5One>1</aff10b5One>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2024-07-15</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F1"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>16293</value>
</transactionShares>
<transactionPricePerShare>
<value>2.3403</value>
<footnoteId id="F2"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>783299</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2024-07-16</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F3"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>3629</value>
</transactionShares>
<transactionPricePerShare>
<value>2.8212</value>
<footnoteId id="F4"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>779670</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable></derivativeTable>
<footnotes>
<footnote id="F1">This sale was effected pursuant to a Rule 10b5-1 "sell to cover" election made by the Reporting Person for the sole purpose to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously granted restricted stock awards. This sale does not represent a discretionary trade by the Reporting Person.</footnote>
<footnote id="F2">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.245 to $2.42, 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.</footnote>
<footnote id="F3">This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2023.</footnote>
<footnote id="F4">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.70 to $2.9150, 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.</footnote>
</footnotes>
<remarks>Officer Title: Interim Chief Financial Officer</remarks>
<ownerSignature>
<signatureName>/s/ Carrie Wheeler, Attorney-in-fact</signatureName>
<signatureDate>2024-07-17</signatureDate>
</ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>