Opendoor Technologies (OPEN) director receives 41,667-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Opendoor Technologies Inc. director Dana Hamilton received a grant of 41,667 shares of common stock in the form of restricted stock units as equity compensation. The RSUs have a stated price of $0.00 per unit and increase Hamilton’s direct holdings to 346,844 shares.
The award is subject to time-based vesting and will fully vest on the earlier of the company’s next annual stockholder meeting or June 11, 2027, provided Hamilton continues serving as a non-employee director. Each RSU converts into one share of common stock, and Hamilton has elected to defer receipt of the shares until after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAMILTON DANA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,667 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 346,844 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 41,667 shares
Transaction price: $0.00 per share
Shares owned after grant: 346,844 shares
+1 more
4 metrics
RSU grant size
41,667 shares
Restricted stock unit award to director Dana Hamilton
Transaction price
$0.00 per share
Stated price for RSU grant
Shares owned after grant
346,844 shares
Hamilton’s direct holdings following the RSU award
Latest possible vesting date
June 11, 2027
RSUs fully vest by this date if service continues
Key Terms
restricted stock unit ("RSU"), time-based vesting, deferral election
3 terms
restricted stock unit ("RSU") financial
"Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person"
time-based vesting financial
"award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
deferral election financial
"The Reporting Person has elected to defer the receipt of the shares underlying the RSUs upon vesting of the RSUs in accordance with a deferral election provided by the Issuer."
FAQ
What did Opendoor Technologies (OPEN) director Dana Hamilton report in this Form 4?
Dana Hamilton reported receiving 41,667 restricted stock units of Opendoor Technologies common stock as an equity grant. The RSUs were issued at a stated price of $0.00 per share and increase Hamilton’s direct holdings to 346,844 shares after the transaction.
When do Dana Hamilton’s Opendoor Technologies (OPEN) RSUs vest?
The RSUs fully vest on the earlier of Opendoor Technologies’ next annual meeting of stockholders or June 11, 2027. Vesting is contingent on Hamilton’s continued service as a non-employee director through the applicable vesting date under the company’s compensation policy.
What does the deferral election mean for Dana Hamilton’s Opendoor (OPEN) RSU award?
Hamilton elected to defer receipt of the Opendoor shares underlying the RSUs after they vest. This means the actual delivery of common stock will occur later, according to a deferral election arrangement provided by the company, rather than immediately upon vesting of the units.
Did Dana Hamilton pay anything for the new Opendoor Technologies (OPEN) RSUs?
No cash payment was made for the RSUs, which were granted at a stated transaction price of $0.00 per share. The award represents stock-based compensation under Opendoor Technologies’ non-employee director compensation policy rather than an open-market purchase of shares.