Opendoor President acquires 30,000 OPEN shares in open-market trades
Rhea-AI Filing Summary
Radhakrishna Shrisha, President of Opendoor Technologies Inc. (OPEN), reported two open-market purchases of the company's common stock on 08/28/2025. He acquired 28,400 shares at $4.27 and 1,600 shares at $4.42, for a total of 30,000 shares bought that day. Following these transactions the filing shows beneficial ownership of 4,280,000 shares. The purchases are described as made pursuant to the issuer's Insider Trading and Trading Window Policy. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact.
Positive
- Insider purchases reported: The officer increased holdings by 30,000 shares, which can be viewed as a positive signal of confidence.
- Compliance with policy: Transactions were executed under the issuer's Insider Trading and Trading Window Policy and properly disclosed on Form 4.
Negative
- None.
Insights
TL;DR: Company officer purchased 30,000 OPEN shares in open-market trades, modestly increasing his stake to 4.28 million shares.
The reported purchases are routine open-market acquisitions by an insider and were executed under the issuer's insider trading policy. The sizes—28,400 shares at $4.27 and 1,600 shares at $4.42—are explicitly disclosed in the filing and bring total beneficial ownership to 4,280,000 shares. This disclosure is informational and does not by itself indicate material corporate changes; it documents insider buying which some investors track for sentiment.
TL;DR: Filing shows compliant insider activity with required disclosure and attorney-in-fact signature.
The Form 4 lists the reporting person as an officer (President). It records two purchase transactions on 08/28/2025 and includes the required explanatory statement that the trades were made in accordance with the issuer's trading policy. The presence of an attorney-in-fact signature is noted and the form provides the post-transaction beneficial ownership. From a governance and compliance perspective, the filing appears complete and routine.