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Opendoor COO Giang Nguyen sells $20.7K in shares

The sale was described as a tax-withholding transaction under a Rule 10b5-1 sell-to-cover election, not a discretionary trade.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Giang Nguyen, Opendoor Technologies Inc.’s Chief Operating Officer, reported a sale of 10,393 common shares on October 15, 2026, with an aggregate market value of $20,682.07. The stated purpose was to satisfy tax withholding upon settlement of previously granted restricted stock awards under a Rule 10b5-1 “sell to cover” election; the remarks say the sale was not discretionary.

Common shares sold 10,393 shares Sale reported for October 15, 2026
Aggregate market value $20,682.07 Reported sale on October 15, 2026
Shares outstanding 971,091,050 shares Figure in the securities information
Common shares sold 3,591 shares Sales during the prior three months; sale dated July 15, 2026
Aggregate market value $16,823.48 Sales during the prior three months
Rule 10b5-1 financial
"pursuant to a Rule 10b5-1 "sell to cover" election"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
sell to cover financial
""sell to cover" election made by the Reporting Person"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock awards financial
"settlement of previously granted restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
tax withholding obligation financial
"satisfy the Reporting Person's tax withholding obligation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Opendoor COO Giang Nguyen sell?

Giang Nguyen, Opendoor Technologies Inc.’s Chief Operating Officer, reported a sale of 10,393 common shares on October 15, 2026, with an aggregate market value of $20,682.07.

Why did Opendoor COO Giang Nguyen sell shares?

The stated purpose was to satisfy tax withholding upon settlement of previously granted restricted stock awards under a Rule 10b5-1 “sell to cover” election. The remarks say the sale was not a discretionary trade.

What other sales did Giang Nguyen report for the prior three months?

The prior-three-months section lists 3,591 common shares sold on July 15, 2026, with an aggregate market value of $16,823.48.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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