OPEN Filing: Notice of Proposed Sale of 700K Shares via Morgan Stanley

Rhea-AI Filing Summary

Opendoor Technologies Inc (OPEN) submitted a Form 144 notice reporting a proposed sale of 700,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $3,502,050.00. The filing states the shares were acquired on 09/15/2021 via restricted stock vesting under a registered plan and that payment (if any) was recorded as Not Applicable. The filing lists 735,954,186 shares outstanding and an approximate sale date of 09/02/2025 on Nasdaq. The filer reported no securities sold in the past three months and attests they are not aware of undisclosed material adverse information about the issuer.

Positive

• Filing complies with Rule 144 and includes broker details and required attestation regarding material non-public information
• No securities sold by the filer in the past three months, suggesting this is not part of a recent selling pattern

Negative

• Proposed sale of 700,000 shares (aggregate market value $3,502,050) which will increase free float once executed

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for a planned sale of vested restricted stock; appears procedural and compliant.

The filing documents a proposed sale under Rule 144 of 700,000 common shares by a person who acquired the shares through restricted stock vesting on 09/15/2021. The use of a broker (Morgan Stanley Smith Barney LLC) and the attestation regarding material non-public information are standard compliance elements. The seller reports no related sales in the prior three months, indicating this is not part of a recent pattern of dispositions. Given the disclosed outstanding share count, the size of the proposed sale represents a small percentage of total shares outstanding and is unlikely, on its face, to be material to Opendoor's capital structure.

Equity Capital Markets Specialist

TL;DR: A modest individual sale notice; likely low market impact but necessary disclosure for trading eligibility.

The notice records an approximate sale date of 09/02/2025 and an aggregate value of $3.5M, indicating the holder plans to liquidate vested shares through an institutional broker. For capital markets, this is a routine pre-sale disclosure enabling compliance with Rule 144 resale conditions. The filing does not indicate any restrictions on trading beyond the Rule 144 procedures, nor does it report any recent sales that would affect short-term supply. From a market-liquidity perspective, this quantity is small relative to the issuer's outstanding shares and should not materially affect trading dynamics absent other concurrent large dispositions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	700000	3502050.00	735954186	09/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/15/2021	Restricted stock vesting under a registered plan	Issuer			7167571	09/15/2021	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Opendoor's (OPEN) Form 144 report?

The Form 144 reports a proposed sale of 700,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $3,502,050.00 and an approximate sale date of 09/02/2025.

How and when were the shares to be sold acquired?

The shares were acquired on 09/15/2021 via restricted stock vesting under a registered plan; the filing shows Not Applicable for payment terms.

Does the filer report any sales in the past three months?

No. The filing explicitly states Nothing to Report for securities sold during the past three months.

How large is the proposed sale relative to Opendoor's outstanding shares?

The filing lists 735,954,186 shares outstanding; 700,000 shares represent a small fraction of total outstanding shares.

Which broker is handling the proposed sale?

The broker named in the filing is Morgan Stanley Smith Barney LLC, Executive Financial Services, New York, NY.