Sec Form 4 Filing - Stevens Elizabeth Ann @ Opendoor Technologies Inc. - 2020-12-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Stevens Elizabeth Ann
2. Issuer Name and Ticker or Trading Symbol
Opendoor Technologies Inc. [ OPEN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Head of Legal
(Last) (First) (Middle)
1 POST STREET, FLOOR 11
3. Date of Earliest Transaction (MM/DD/YY)
12/18/2020
(Street)
SAN FRANCISCO, CA94104
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/18/2020 A 275,740 ( 1 ) A 275,740 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 1.01 12/18/2020 A 96,462 ( 3 ) 12/18/2028 Common Stock 96,462 ( 6 ) 96,462 D
Employee Stock Option $ 1.01 12/18/2020 A 113,226 ( 4 ) 12/18/2028 Common Stock 113,228 ( 6 ) 113,226 D
Employee Stock Option $ 1.42 12/18/2020 A 80,877 ( 5 ) 12/18/2028 Common Stock 80,877 ( 6 ) 80,877 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stevens Elizabeth Ann
1 POST STREET, FLOOR 11
SAN FRANCISCO, CA94104
Head of Legal
Signatures
/s/ Carrie Wheeler, Attorney-in fact 12/22/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 242,799 restricted stock units subject to time based vesting. Each restricted stock unit represents a contingent right to receive one share of the Opendoor Technologies Inc.'s (the "Company's") Common Stock.
( 2 )Pursuant to the consummation of the business combination of Social Capital Hedosophia Holdings Corp. II ("SCH") and Opendoor Labs Inc. (the "Business Combination"), SCH was domesticated, changing its name to Opendoor Technologies Inc. and each share of SCH Class A stock was automatically converted into the right to receive one share of the Company's Common Stock.
( 3 )The option is vested as to 82,981 shares. The remaining shares vest in equal monthly installments beginning on January 12, 2021.
( 4 )The option is vested as to 109,184 shares. The remaining shares vest equal monthly installments beginning on December 29, 2020.
( 5 )The option is vested as to 60,657 shares. The remaining shares vest equal monthly installments beginning on January 13, 2021.
( 6 )Received in connection with the Business Combination in exchange for an employee stock option to acquire shares of Opendoor Labs Inc.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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