Form 4: Opendoor Technologies Inc. Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sydney Schaub, Chief Legal Officer of Opendoor Technologies Inc., sold 12,395 shares of common stock on July 15, 2024, to cover tax withholding obligations related to previously granted restricted stock awards.
Summary
- On July 15, 2024, Sydney Schaub, the Chief Legal Officer of Opendoor Technologies Inc., sold 12,395 shares of the company's common stock.
- The sale was executed at a weighted average price of $2.3403 per share, with individual transactions ranging from $2.245 to $2.42.
- 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, Schaub directly owns 1,375,751 shares of Opendoor Technologies Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This transaction is a routine sale of shares by a company executive to cover tax obligations, which is a common practice and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of stock sale transaction |
| 07/17/2024 | Date of signature on the Form 4 filing |
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