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Opendoor (NASDAQ: OPEN) director granted 41,667 RSUs with vesting to 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bain Adam reported acquisition or exercise transactions in this Form 4 filing.

Opendoor Technologies Inc. director Adam Bain received a grant of 41,667 restricted stock units of common stock as part of the company’s non-employee director compensation. Each RSU represents a contingent right to one common share at no purchase price.

The RSUs fully vest on the earlier of the company’s next annual stockholder meeting or June 11, 2027, subject to Bain’s continued service as a non-employee director. Following this award, he holds 509,034 common shares directly, and additional shares are held indirectly by 01 Advisors 01 L.P. and 010118 Management, L.P., where he may be deemed a beneficial owner only to the extent of his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Bain Adam
Role null
Type Security Shares Price Value
Grant/Award Common Stock 41,667 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 509,034 shares (Direct, null); Common Stock — 225,000 shares (Indirect, By: 010118 Management, L.P.)
Footnotes (1)
  1. Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 11, 2027, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date. On the basis of the reporting person's relationship with 010118 Management, L.P. ("010118") and 01 Advisors 01 L.P. ("01 Advisors"), the reporting person may be deemed a beneficial owner of the shares of the Company's Common Stock held by 010118 and 01 Advisors. The reporting person disclaims beneficial ownership of the shares of the Company's Common Stock held by 010118 and 01 Advisors, except to the extent of his pecuniary interest therein.
RSU grant size 41,667 units Restricted stock units granted to Adam Bain on June 11, 2026
Grant price per RSU $0.00 per unit Equity compensation, not an open-market purchase
Direct shares after grant 509,034 shares Adam Bain’s direct Opendoor common stock holdings following the RSU award
Indirect shares via 01 Advisors 01 L.P. 2,543,272 shares Common stock held indirectly; Bain may be deemed a beneficial owner to pecuniary extent
Indirect shares via 010118 Management, L.P. 225,000 shares Common stock held indirectly with beneficial ownership disclaimed beyond pecuniary interest
RSU vesting deadline June 11, 2027 Full vesting occurs by this date or earlier at next annual meeting
restricted stock unit ("RSU") financial
"Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person"
time-based vesting financial
"RSU 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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock"
pecuniary interest financial
"disclaims beneficial ownership of the shares ... except to the extent of his pecuniary interest therein"
beneficial owner financial
"the reporting person may be deemed a beneficial owner of the shares of the Company's Common Stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bain Adam
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/11/2026A41,667(1)A$0509,034D
Common Stock225,000IBy: 010118 Management, L.P.(2)
Common Stock2,543,272IBy: 01 Advisors 01 L.P.(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 11, 2027, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.
2. On the basis of the reporting person's relationship with 010118 Management, L.P. ("010118") and 01 Advisors 01 L.P. ("01 Advisors"), the reporting person may be deemed a beneficial owner of the shares of the Company's Common Stock held by 010118 and 01 Advisors. The reporting person disclaims beneficial ownership of the shares of the Company's Common Stock held by 010118 and 01 Advisors, except to the extent of his pecuniary interest therein.
Remarks:
/s/ Christina Schwartz, Attorney-in-fact06/15/2026
** Signature of Reporting PersonDate
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 insider activity did Opendoor Technologies (OPEN) report for Adam Bain?

Opendoor Technologies reported that director Adam Bain received a grant of 41,667 restricted stock units of common stock as part of non-employee director compensation, with no cash purchase price and future delivery of shares upon vesting.

How many RSUs did Adam Bain receive in this Opendoor (OPEN) Form 4 filing?

Adam Bain received 41,667 restricted stock units. Each RSU corresponds to one share of Opendoor common stock, granted at a price of $0.00 per share as equity compensation rather than an open-market purchase.

What are the vesting terms for Adam Bain’s Opendoor (OPEN) RSU award?

The RSUs fully vest on the earlier of Opendoor’s next annual stockholder meeting or June 11, 2027. Vesting is conditioned on Bain’s continued service as a non-employee director through the applicable vesting date.

What are Adam Bain’s direct share holdings in Opendoor (OPEN) after this grant?

After the RSU grant, Adam Bain directly holds 509,034 shares of Opendoor common stock. This figure reflects his direct ownership position reported in the filing, separate from any indirect interests through affiliated investment entities.

How are Adam Bain’s indirect Opendoor (OPEN) holdings through 01 Advisors and 010118 treated?

Shares are held indirectly by 01 Advisors 01 L.P. and 010118 Management, L.P. Bain may be deemed a beneficial owner because of his relationship with these entities but disclaims beneficial ownership except to the extent of his pecuniary interest.

Does Adam Bain’s RSU grant in Opendoor (OPEN) involve a market purchase or sale?

The RSU grant is a compensation-related acquisition, not a market trade. Shares are awarded at $0.00 per unit and will be delivered upon vesting, so there is no open-market buying or selling associated with this Form 4 entry.