Opendoor Technologies (OPEN) COO files Rule 10b5-1 sell-to-cover trade
Rhea-AI Filing Summary
Opendoor Technologies Inc. Chief Operating Officer Giang Nguyen reported a sale of 3,591 shares of Common Stock on 2026-07-15 at a weighted average price of $4.6849 per share, with individual trades between $4.545 and $4.805. The transaction was executed under a Rule 10b5-1 sell-to-cover election solely to satisfy tax withholding obligations arising from settlement of previously granted restricted stock awards and was not a discretionary trade. Following the sale, Nguyen directly holds 8,185,543 shares of Opendoor Common Stock.
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Insider Trade Summary 10b5-1
Net Seller: 3,591 shares
Net Sell
1 txn
Insider
Nguyen Giang
Role
Chief Operating Officer
Sold
3,591 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,591 | $4.6849 | $17K |
Holdings After Transaction:
Common Stock — 8,185,543 shares (Direct)
Footnotes (2)
- F1. This sale was effected pursuant to a Rule 10b5-1 "sell to cover" election made by the Reporting Person for the sole purpose to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously granted restricted stock awards. This sale does not represent a discretionary trade by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.545 to $4.805, 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: 3,591 shares
Weighted average sale price: $4.6849 per share
Price range of trades: $4.545–$4.805 per share
+1 more
4 metrics
Shares sold
3,591 shares
Common Stock sale on 2026-07-15 by COO Giang Nguyen
Weighted average sale price
$4.6849 per share
Weighted average price across multiple trades
Price range of trades
$4.545–$4.805 per share
Individual transactions underlying weighted average sale price
Shares held after sale
8,185,543 shares
Direct Opendoor Common Stock holdings by Giang Nguyen after transaction
Key Terms
Rule 10b5-1, sell to cover, restricted stock awards, weighted average price
4 terms
Rule 10b5-1 financial
"This sale was effected 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
"pursuant to a Rule 10b5-1 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
"to satisfy tax withholding upon 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Opendoor Technologies (OPEN) COO Giang Nguyen report?
Giang Nguyen, Opendoor’s Chief Operating Officer, reported selling 3,591 shares of Common Stock on 2026-07-15. The sale occurred under a Rule 10b5-1 sell-to-cover election to satisfy tax withholding from settlement of previously granted restricted stock awards.
Was Giang Nguyen’s Opendoor (OPEN) stock sale under a Rule 10b5-1 plan?
Yes. The transaction was executed pursuant to a Rule 10b5-1 sell-to-cover election. It was undertaken solely to cover tax withholding obligations on previously granted restricted stock awards and is described as not a discretionary trade by Nguyen.
Why is Giang Nguyen’s OPEN stock sale described as a sell-to-cover transaction?
The sale is labeled a sell-to-cover because it was made solely to satisfy tax withholding obligations tied to settlement of previously granted restricted stock awards. The disclosure states this sale does not represent a discretionary trade by Giang Nguyen.