Form 4: Opendoor Technologies Inc. Executive Megan D. Meyer Sells Shares Under 10b5-1 Plan

Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 4,808 shares of common stock at an average price of $2.4349 on April 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 11, 2024, Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 4,808 shares of common stock.
• The sale was executed at a weighted average price of $2.4349 per share.
• The shares were sold in multiple transactions with prices ranging from $2.38 to $2.48.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 15, 2023.
• Following the transaction, Meyer directly owns 4,788,500 shares of Opendoor Technologies Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sale was pre-planned.

Stakeholder Impact

• The stock sale by a company executive could have a minor impact on shareholder sentiment.

Key Dates