Opendoor (NASDAQ: OPEN) director granted 41,667 RSUs with vesting to 2027
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 Trade Summary
Net Buyer: 41,667 shares
Net Buy
3 txns
Insider
Bain Adam
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,667 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 509,034 shares (Direct);
Common Stock — 225,000 shares (Indirect, By: 010118 Management, L.P.);
Common Stock — 2,543,272 shares (Indirect, By: 01 Advisors 01 L.P.)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
RSU grant size: 41,667 units
Grant price per RSU: $0.00 per unit
Direct shares after grant: 509,034 shares
+3 more
6 metrics
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
Key Terms
restricted stock unit ("RSU"), time-based vesting, contingent right, pecuniary interest, +1 more
5 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
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.