Glenn Solomon Form 4 Opendoor / Glenn Solomon ownership change

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Solomon Glenn

(Last) (First) (Middle)

410 N. SCOTTSDALE ROAD, SUITE 1600

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Opendoor Technologies Inc. [ OPEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/09/2022		S		407,599	D	$1.5(1)	11,247,566(2)	I	By GGV Capital V L.P.(3)
Common Stock	11/09/2022		S		14,959	D	$1.5(1)	412,783(4)	I	By GGV Capital V Entrepreneurs Fund L.P.(5)
Common Stock	11/09/2022		S		77,442	D	$1.5(1)	7,253,314	I	By GGV Capital Select L.P.(6)
Common Stock	11/10/2022		S		1,022,279	D	$1.79(7)	10,225,287	I	By GGV Capital V L.P.(3)
Common Stock	11/10/2022		S		37,517	D	$1.79(7)	375,266	I	By GGV Capital V Entrepreneurs Fund L.P.(5)
Common Stock	11/10/2022		S		194,228	D	$1.79(7)	7,059,086	I	By GGV Capital Select L.P.(6)
Common Stock	11/11/2022		S		1,479,607	D	$2.04(8)	8,745,680	I	By GGV Capital V L.P.(3)
Common Stock	11/11/2022		S		54,301	D	$2.04(8)	320,965	I	By GGV Capital V Entrepreneurs Fund L.P.(5)
Common Stock	11/11/2022		S		281,118	D	$2.04(8)	6,777,968	I	By GGV Capital Select L.P.(6)
Common Stock	11/14/2022		S		948,913	D	$1.92(9)	7,796,767	I	By GGV Capital V L.P.(3)
Common Stock	11/14/2022		S		34,825	D	$1.92(9)	286,140	I	By GGV Capital V Entrepreneurs Fund L.P.(5)
Common Stock	11/14/2022		S		180,288	D	$1.92(9)	6,597,680	I	By GGV Capital Select L.P.(6)
Common Stock								28,519(10)	D
Common Stock								208,212(11)	I	By Trust(12)
Common Stock								155,709(11)	I	By GGV Capital V L.L.C.(13)
Common Stock								19,396(14)	I	By GGV Capital LLC(15)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53 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 within the range set forth in this footnote.

2. The number of shares reported as beneficially owned gives effect to pro rata distributions in kind of shares of Common Stock by GGV Capital V L.P. ("GGV V LP") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.

3. The shares are held of record by GGV V LP. As a managing member of GGV Capital V L.L.C. ("GGV V LLC"), the general partner of GGV V LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

4. The number of shares reported as beneficially owned gives effect to pro rata distributions in kind effected by GGV Capital V Entrepreneurs Fund L.P. ("GGV Entrepreneurs") to its general partner and limited partners for no additional consideration, subsequent to the Reporting Person's most recent filing, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.

5. The shares are held of record by GGV Entrepreneurs. As a managing member of GGV V LLC, the general partner of GGV Entrepreneurs, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Entrepreneurs. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

6. The shares are held of record by GGV Capital Select L.P. ("GGV Select LP"). As a managing member of GGV Capital Select L.L.C. ("GGV Select LLC"), the general partner of GGV Select LP, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Select LP. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.66 to $2.06 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 within the range set forth in this footnote.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.90 to $2.19 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 within the range set forth in this footnote.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.86 to $2.08 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 within the range set forth in this footnote.

10. Gives effect to the transfer of 19,396 shares to GGV Capital LLC ("GGV Capital") for no consideration subsequent to the Reporting Person's most recent filing, which shares were previously held for the benefit of GGV Capital.

11. The number of shares reported as beneficially owned gives effect to the receipt of shares from the pro rata distribution described in footnotes 2 and 4, which transactions were exempt from reporting pursuant to Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act.

12. The shares are held of record by a family trust, as a trustee, the Reporting Person may be deemed to have voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.

13. The shares are held of record by GGV V LLC. As a managing member of GGV V LLC, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV V LLC. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

14. Gives effect to the receipt of shares from the transfer described in footnote 10.

15. The shares are held of record by GGV Capital. As a managing member of GGV Capital, the Reporting Person may be deemed to have voting and dispositive power over the shares held by GGV Capital. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his proportionate pecuniary interest therein.

Remarks:

	/s/ Carrie Wheeler, Attorney-in-fact	11/14/2022
	** Signature of Reporting Person	Date
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).
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