Tax-related Opendoor (OPEN) director share sale under Rule 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Opendoor Technologies director David C. Benson sold 40,000 shares of Common Stock in an open-market transaction. The sale occurred on June 16, 2026 at a weighted average price of $4.8341 per share, with individual trades ranging from $4.60 to $5.02.

According to the footnotes, this sale was effected under a pre-arranged Rule 10b5-1 instruction entered on March 6, 2026 to cover taxes related to the vesting of restricted stock units. After the transaction, Benson directly owned 180,099 Opendoor shares.

Insider Trade Summary 10b5-1

Net Seller: 40,000 shares ($193,364)

Net Sell 1 txn

Insider Benson David C

Role null

Sold 40,000 shs ($193K)

Type	Security	Shares	Price	Value
Sale	Common Stock	40,000	$4.8341	$193K

Holdings After Transaction: Common Stock — 180,099 shares (Direct, null)

Footnotes (1)

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 instruction entered into on March 6, 2026 to cover taxes in connection with the vesting of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.60 to $5.02, 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 at which the transactions were effected.

Key Figures

Shares sold: 40,000 shares Weighted average sale price: $4.8341 per share Post-transaction holdings: 180,099 shares +2 more

5 metrics

Shares sold 40,000 shares Common Stock sold on June 16, 2026

Weighted average sale price $4.8341 per share Open-market sale of Common Stock

Post-transaction holdings 180,099 shares Directly owned after June 16, 2026 sale

Sale price range $4.60–$5.02 per share Prices of individual sale transactions

Net shares sold 40,000 shares Net-sell direction per transaction summary

Key Terms

Rule 10b5-1 instruction, restricted stock units, weighted average price, open-market sale

4 terms

Rule 10b5-1 instruction regulatory

"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 instruction entered into on March 6, 2026"

restricted stock units financial

"to cover taxes in connection with the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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Form 4 Insider Transactions: What Each Field Means →

06/16/2026 - 05:56 PM

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Benson David C

(Last)

(First)

(Middle)

1295 WEST WASHINGTON STREET, SUITE 115

(Street)

TEMPE

ARIZONA

85288

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/16/2026		S⁽¹⁾		40,000	D	$4.8341⁽²⁾	180,099	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 instruction entered into on March 6, 2026 to cover taxes in connection with the vesting of restricted stock units.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.60 to $5.02, 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 at which the transactions were effected.

Remarks:

	/s/ Christina Schwartz, Attorney-in-fact	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Opendoor (OPEN) director David C. Benson report in this Form 4?

David C. Benson reported an open-market sale of 40,000 Opendoor common shares. The sale was tied to covering taxes from restricted stock unit vesting and executed under a pre-arranged Rule 10b5-1 instruction, providing context that it was a planned, tax-related transaction.

How many Opendoor (OPEN) shares did the director sell and at what price?

Benson sold 40,000 Opendoor common shares at a weighted average price of $4.8341. Footnotes state the individual sale prices ranged from $4.60 to $5.02 per share, and he offered to provide detailed trade breakdowns upon request to interested parties.

Was the Opendoor (OPEN) insider sale made under a Rule 10b5-1 trading plan?

Yes, the sale was executed pursuant to a Rule 10b5-1 instruction entered on March 6, 2026. Such pre-arranged plans are designed to schedule trades in advance, which can reduce the significance of transaction timing as a signal of the insider’s current market view.

Why did the Opendoor (OPEN) director sell these shares according to the filing?

The filing states the sale was to cover taxes arising from the vesting of restricted stock units. This makes the transaction primarily tax-related, rather than a discretionary portfolio adjustment, and helps explain why the shares were sold rather than retained after vesting.

How many Opendoor (OPEN) shares does the director hold after this transaction?

Following the sale, Benson directly owned 180,099 Opendoor common shares. This post-transaction holding figure comes from the Form 4 and provides context on his remaining equity stake after using 40,000 shares to address tax obligations from RSU vesting.

What price range did the Opendoor (OPEN) insider sale cover?

The weighted average sale price was $4.8341 per share, but individual trades occurred between $4.60 and $5.02. The filing notes that detailed information on the number of shares sold at each separate price level is available from the reporting person upon request.