Vanguard reports 11.62% Opendoor stake in 13G/A filing (NASDAQ: OPEN)
Rhea-AI Filing Summary
The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 110,924,631 Opendoor Technologies common stock equivalents, representing 11.62% of the class as of the event date. Vanguard reports no sole voting power, with shared voting power over 5,003,461 shares. It has sole dispositive power over 105,031,261 shares and shared dispositive power over 5,893,370 shares.
The filing notes that the holdings reported are in the form of warrants, while the CUSIP used corresponds to Opendoor’s ordinary shares. Vanguard states the securities are held in the ordinary course of business, not for the purpose of changing or influencing control of Opendoor. The economic benefits from these securities are attributable to Vanguard’s clients, and no single other person has an interest in more than 5% of the class.
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