Sec Form 4 Filing - Solomon Glenn @ Opendoor Technologies Inc. - 2022-11-09

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
Solomon Glenn
2. Issuer Name and Ticker or Trading Symbol
Opendoor Technologies Inc. [ OPEN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
410 N. SCOTTSDALE ROAD, SUITE 1600
3. Date of Earliest Transaction (MM/DD/YY)
11/09/2022
(Street)
TEMPE, AZ85281
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 11/09/2022 S 407,599 D $ 1.5( 1 ) 11,247,566( 2 ) I By GGV Capital V L.P.( 3 )
Common Stock 11/09/2022 S 14,959 D $ 1.5( 1 ) 412,783( 4 ) I By GGV Capital V Entrepreneurs Fund L.P.( 5 )
Common Stock 11/09/2022 S 77,442 D $ 1.5( 1 ) 7,253,314 I By GGV Capital Select L.P.( 6 )
Common Stock 11/10/2022 S 1,022,279 D $ 1.79( 7 ) 10,225,287 I By GGV Capital V L.P.( 3 )
Common Stock 11/10/2022 S 37,517 D $ 1.79( 7 ) 375,266 I By GGV Capital V Entrepreneurs Fund L.P.( 5 )
Common Stock 11/10/2022 S 194,228 D $ 1.79( 7 ) 7,059,086 I By GGV Capital Select L.P.( 6 )
Common Stock 11/11/2022 S 1,479,607 D $ 2.04( 8 ) 8,745,680 I By GGV Capital V L.P.( 3 )
Common Stock 11/11/2022 S 54,301 D $ 2.04( 8 ) 320,965 I By GGV Capital V Entrepreneurs Fund L.P.( 5 )
Common Stock 11/11/2022 S 281,118 D $ 2.04( 8 ) 6,777,968 I By GGV Capital Select L.P.( 6 )
Common Stock 11/14/2022 S 948,913 D $ 1.92( 9 ) 7,796,767 I By GGV Capital V L.P.( 3 )
Common Stock 11/14/2022 S 34,825 D $ 1.92( 9 ) 286,140 I By GGV Capital V Entrepreneurs Fund L.P.( 5 )
Common Stock 11/14/2022 S 180,288 D $ 1.92( 9 ) 6,597,680 I By GGV Capital Select L.P.( 6 )
Common Stock 28,519( 10 ) D
Common Stock 208,212( 11 ) I By Trust( 12 )
Common Stock 155,709( 11 ) I By GGV Capital V L.L.C.( 13 )
Common Stock 19,396( 14 ) I By GGV Capital LLC( 15 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Solomon Glenn
410 N. SCOTTSDALE ROAD, SUITE 1600
TEMPE, AZ85281
X
Signatures
/s/ Carrie Wheeler, Attorney-in-fact 11/14/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 2 )The number of shares reported as beneficially owned gives effect to pro rata distributions in kind of shares of Common Stock by G GV Capital V L.P. ("GGV V LP") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
( 3 )The shares are held of record by GGV V LP. As a managing member of GGV Capital V L.L.C. ("GGV V LLC"), the general partner of GGV V LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
( 4 )The number of shares reported as beneficially owned gives effect to pro rata distributions in kind effected by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
( 5 )The shares are held of record by GGV Entrepreneurs. As a managing member of GGV V LLC, the general partner of GGV Entrepreneurs, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Entrepreneurs. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
( 6 )The shares are held of record by GGV Capital Select L.P. ("GGV Select LP"). As a managing member of GGV Capital Select L.L.C. ("GGV Select LLC"), the general partner of GGV Select LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Select LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
( 7 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.66 to $2.06 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 8 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.90 to $2.19 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 9 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.86 to $2.08 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 10 )Gives effect to the transfer of 19,396 shares to GGV Capital LLC ("GGV Capital") for no consideration subsequent to the Reporting Person's most recent filing, which shares were previously held for the benefit of GGV Capital.
( 11 )The number of shares reported as beneficially owned gives effect to the receipt of shares from the pro rata distribution described in footnotes 2 and 4, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.
( 12 )The shares are held of record by a family trust, as a trustee, the Reporting Person may be deemed to have voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
( 13 )The shares are held of record by GGV V LLC. As a managing member of GGV V LLC, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LLC. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.
( 14 )Gives effect to the receipt of shares from the transfer described in footnote 10.
( 15 )The shares are held of record by GGV Capital. As a managing member of GGV Capital, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Capital. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

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