4/A: Opendoor Technologies Inc.: Officer Corrects Vesting Schedule in Amended SEC Filing

Christina Schwartz, Interim CFO of Opendoor Technologies, files an amendment to a previous SEC Form 4 to correct the vesting schedule of restricted stock units.

Summary

• Christina Schwartz, the Interim Chief Financial Officer of Opendoor Technologies Inc., filed an amendment to a previous SEC Form 4 on March 4, 2024.
• The amendment corrects the vesting schedule of 297,619 restricted stock units (RSUs) that were initially reported in the Form 4 filed on February 27, 2024.
• The RSUs are subject to time-based vesting, with one-twelfth of the total number of RSUs vesting on each quarterly anniversary following April 15, 2024, contingent upon the Reporting Person's continued service to the Issuer.
• The filing indicates that Schwartz directly owns 875,274 shares of Opendoor Technologies Inc. common stock following the reported transaction.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity holdings and vesting schedules of key personnel.

Stakeholder Impact

• The correction of the vesting schedule ensures accurate reporting to shareholders regarding executive compensation.

Key Dates