Form 4: Opendoor Technologies Inc. Officer Megan D. Meyer Reports Sale of Common Stock
SEC Form 4 Filing
Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., reported the sale of 64,782 shares of common stock on June 17, 2024, to cover tax obligations.
Summary
- On June 17, 2024, Megan D. Meyer, President, Sell Direct & Svcs. of Opendoor Technologies Inc., sold 64,782 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 $1.9889, with individual transactions ranging from $1.96 to $2.055.
- Following the transaction, Meyer directly owns 4,613,438 shares of Opendoor Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
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 officer could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the stock sale transaction |
| 06/18/2024 | Date of signature for the Form 4 filing |
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