Form 4: Opendoor Technologies CEO Carrie Wheeler Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Opendoor Technologies CEO Carrie Wheeler sold 683,883 shares of common stock on June 17, 2024, to cover tax obligations related to the settlement of previously granted restricted stock awards.
Summary
- Carrie Wheeler, CEO of Opendoor Technologies Inc., sold 683,883 shares of common stock on June 17, 2024.
- The sale was executed at a weighted average price of $1.9889 per share.
- The shares were sold in multiple transactions with prices ranging from $1.96 to $2.055.
- The sale 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, Carrie Wheeler directly owns 15,344,625 shares of Opendoor Technologies Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a change in the CEO's confidence in the company.
Industry Context
Insider transactions are common and closely monitored, especially those of key executives like the CEO. This sale appears to be related to tax obligations, which is a typical reason for such transactions.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the stock sale transaction. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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