Home / Business and Economy / Opendoor Director Sells $2.1M in Stock
Opendoor Director Sells $2.1M in Stock
20 Jun
Summary
- Director sold 40,000 Opendoor shares on June 16, 2026.
- Sale covered taxes from vested restricted stock units.
- Director retains significant Opendoor stock holdings.
On June 16, 2026, David C. Benson, a member of the Board of Directors at Opendoor Technologies, sold 40,000 shares of common stock. This transaction, disclosed via an SEC Form 4 filing, was executed under a pre-arranged Rule 10b5-1 trading plan.
The sale was specifically to cover tax liabilities arising from the vesting of restricted stock units. This indicates the sale was planned in advance and not a response to market conditions. The 40,000 shares represented 18.17% of Benson's direct holdings at the time.
Following the sale, Benson continues to hold 180,099 shares of Opendoor Technologies stock. The market value of his remaining direct stake is approximately $855,000. This indicates he retains significant exposure to the company's stock performance.
Opendoor Technologies, which offers a digital platform for buying and selling residential real estate, has seen considerable stock appreciation. Over the year preceding June 16, 2026, the company's shares increased by 671.35%. Benson's transaction aligns with tax obligations rather than market timing.
Opendoor operates nationwide, providing services like title insurance and escrow. It primarily earns revenue through home sales and transaction fees, serving as an online intermediary for property transactions in the U.S.
