Form 4: Opendoor Technologies Inc. Executive Megan D. Meyer Sells 91,048 Shares to Cover Tax Obligations
SEC Form 4 Filing
Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 91,048 shares of common stock on April 15, 2024, to cover tax withholding obligations.
Summary
- On April 15, 2024, Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 91,048 shares of common stock.
- The sale was executed to cover tax withholding obligations related to the settlement of previously granted restricted stock awards.
- The shares were sold at a weighted average price of $2.252, with individual transactions ranging from $2.17 to $2.37.
- Following the transaction, Meyer directly owns 4,697,452 shares of Opendoor Technologies Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine sale of shares to cover tax obligations, not indicative of a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock sale transaction |
| 04/17/2024 | Date of signature on the Form 4 filing |
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