Form Type: 4

SEC EDGAR Link
Accession Number:0001801169-22-000057
Date:2022-05-25
Issuer: OPENDOOR TECHNOLOGIES INC. (OPEN)
Original Submission Date:

Reporting Person:

SOLOMON GLENN
410 N. SCOTTSDALE ROAD, SUITE 1600
TEMPE, AZ 85281

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-25 A 25,543 a $0.00 47,915 direct
COMMON STOCK 2022-05-25 0 $0.00 99,068 indirect
COMMON STOCK 2022-05-25 0 $0.00 7,330,756 indirect f3
COMMON STOCK 2022-05-25 0 $0.00 569,344 indirect f3
COMMON STOCK 2022-05-25 0 $0.00 15,513,563 indirect f3
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
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.
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