In connection with the appointment of Sydney Schaub as Chief Legal Officer, Opendoor granted restricted stock units (RSUs) to Schaub to acquire an aggregate of 1,558,441 shares of Opendoor common stock. One-third of the total number of RSUs will vest on September 15, 2023 and thereafter one-twelfth of the total number of RSUs will vest in quarterly installments over the next eight subsequent quarters, subject to Schaub’s continuous service on each vesting date. The equity awards were approved by Opendoor’s Compensation Committee of the Board of Directors on October 7, 2022 and were granted as a material inducement to employment, as required by Nasdaq Rule 5635(c)(4).
AboutOpendoor
Opendoor’smission is to power life’s progress, one move at a time. Since 2014,Opendoorhas provided people across theU.S.with a simple way to buy and sell a home.Opendoorcurrently operates in a growing number of markets nationwide.
For more information, please visitwww.opendoor.com
Contact Information
Investors:
Elise Wang
Opendoor
investors@opendoor.com
Media:
Sheila Tran / Charles Stewart
Opendoor
press@opendoor.com
