Form 4: Opendoor Technologies CEO Carrie Wheeler Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Opendoor Technologies CEO Carrie Wheeler sold 552,408 shares of common stock on December 16, 2024, to cover tax withholding obligations related to the settlement of restricted stock awards.
Summary
- Carrie Wheeler, CEO of Opendoor Technologies Inc., sold 552,408 shares of common stock on December 16, 2024.
- The sale was executed at a weighted average price of $1.8828 per share, with individual transactions ranging from $1.845 to $1.92.
- The transaction was conducted under a Rule 10b5-1 'sell to cover' election to satisfy tax withholding obligations upon the settlement of previously granted restricted stock awards.
- Following the transaction, Wheeler directly owns 14,098,112 shares of Opendoor Technologies Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to sell shares to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of the stock sale transaction. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.