4//SEC Filing
Osborne Ian 4
Accession 0001209191-20-064739
CIK 0001801169other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 9:39 PM ET
Size
13.9 KB
Accession
0001209191-20-064739
Insider Transaction Report
Form 4
Osborne Ian
Other
Transactions
- Award
Common Stock
2020-12-18$10.00/sh+5,000,000$50,000,000→ 5,000,000 total(indirect: By Hedosophia Public Investments Limited) - Award
Common Stock
2020-12-18$10.00/sh+700,000$7,000,000→ 5,700,000 total(indirect: By Hedosophia Group Limited) - Exercise/Conversion
Common Stock
2020-12-18+10,150,000→ 15,950,000 total(indirect: By LLC) - Award
Common Stock
2020-12-18$10.00/sh+100,000$1,000,000→ 5,800,000 total(indirect: By Longsutton Limited) - Exercise/Conversion
Class B Common Stock
2020-12-18−10,150,000→ 0 total(indirect: By LLC)→ Common Stock (10,150,000 underlying)
Footnotes (3)
- [F1]On the basis of the reporting person's relationship with each of Hedosophia Public Investments Limited, Hedosophia Group Limited and Longsutton Limited (collectively, "Hedosophia Entities"), the reporting person may be deemed a beneficial owner of the shares of the Issuer's common stock, par value $0.0001 per share ("Shares") held by each Hedosophia Entity. The reporting person disclaims beneficial ownership of the Shares held by Hedosophia Entities, except to the extent of his pecuniary interest therein.
- [F2]On December 18, 2020, Social Capital Hedosophia Holdings Corp. II (the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Opendoor Labs Inc. In connection with the consummation of the Business Combination, each share of Class B common stock automatically converted into one Share.
- [F3]A majority of the voting interests of SCH Sponsor II LLC ("Sponsor") are held by ChaChaCha SPAC B, LLC ("ChaChaCha"). Messrs. Chamath Palihapitiya and Ian Osborne and ChaChaCha may be deemed to beneficially own the Shares held by the Sponsor on the basis of their direct or indirect interests in the Sponsor or their shared control over the Sponsor, as the case may be. Each of Mr. Palihapitiya, Mr. Osborne and ChaChaCha disclaims beneficial ownership of the Shares held by the Sponsor, except to the extent of such person's pecuniary interest therein.
Documents
Issuer
Opendoor Technologies Inc.
CIK 0001801169
Entity typeother
Related Parties
1- filerCIK 0001715393
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 9:39 PM ET
- Size
- 13.9 KB