Form 4: Opendoor Technologies Inc. Executive Megan D. Meyer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 4,808 shares of common stock at an average price of $2.1255 on August 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On August 1, 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 $2.1255 per share.
- The shares were sold in multiple transactions with prices ranging from $2.04 to $2.27.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 15, 2023.
- Following the transaction, Meyer directly owns 4,479,449 shares of Opendoor Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC 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 trading plan suggests the sale was pre-planned.
Key Dates
| Date | Description |
|---|---|
| June 15, 2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| August 01, 2024 | Date of the transaction (stock sale) |
| August 02, 2024 | Date of signature for the Form 4 filing |
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