Form 4: Opendoor Technologies CEO Carrie Wheeler Sells Shares to Cover Tax Obligations

Opendoor Technologies CEO Carrie Wheeler sold shares of common stock on March 17, 2025, to cover tax obligations related to the settlement of restricted stock awards.

Summary

• Carrie Wheeler, CEO of Opendoor Technologies Inc., sold shares of common stock on March 17, 2025.
• The sales were executed in two transactions at an average price of $1.1164 and $1.1163 per share.
• A total of 29,425 shares were sold in the first transaction and 531,812 shares in the second transaction.
• The sales were conducted to satisfy tax withholding obligations upon the settlement of previously granted restricted stock awards, pursuant to a Rule 10b5-1 'sell to cover' election.
• Following the transactions, Wheeler directly owns 13,536,875 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 reflect a change in the executive's confidence in the company.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations from equity compensation. The market typically views these sales in the context of the executive's overall holdings and the reasons behind the sale.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the reason for the sale and the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

Opendoor Technologies Inc., Carrie Wheeler, stock sale, Form 4, insider trading, Rule 10b5-1, tax obligations, restricted stock awards