0001801169-25-000024.txt : 20250317 0001801169-25-000024.hdr.sgml : 20250317 20250317192740 ACCESSION NUMBER: 0001801169-25-000024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250313 FILED AS OF DATE: 20250317 DATE AS OF CHANGE: 20250317 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schaub Sydney CENTRAL INDEX KEY: 0001944295 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39253 FILM NUMBER: 25746071 MAIL ADDRESS: STREET 1: 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 4 1 wk-form4_1742254054.xml FORM 4 X0508 4 2025-03-13 0 0001801169 Opendoor Technologies Inc. OPEN 0001944295 Schaub Sydney 410 N. SCOTTSDALE ROAD, SUITE 1600 TEMPE AZ 85288 0 1 0 0 Chief Legal Officer 1 Common Stock 2025-03-13 4 A 0 50105 0 A 1216585 D Common Stock 2025-03-13 4 A 0 490000 0 A 1706585 D Common Stock 2025-03-17 4 S 0 10516 1.1164 D 1696069 D Common Stock 2025-03-17 4 S 0 76958 1.1163 D 1619111 D Represents performance-based restricted stock units ("PRSUs") previously granted to the Reporting Person by the Issuer on February 26, 2024. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 13, 2025. Accordingly, one third of the total number of PRSUs vested on March 15, 2025, and the remaining two thirds of the PRSUs will vest in substantially equal quarterly installments over the next eight quarters following March 15, 2025. Represents an award of 490,000 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. One-tenth of the total number of RSUs will vest in quarterly installments over the next ten quarters following the vesting commencement date on March 15, 2025, in each case subject to the Reporting Person's continued service to the Issuer. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.095 to $1.15, 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. /s/ Carrie Wheeler, Attorney-in-fact 2025-03-17