Statement of Changes in Beneficial Ownership (4)
September 20 2021 - 4:31PM
Edgar (US Regulatory)
FORM 4
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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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
SVF Excalibur (Cayman) Ltd |
2. Issuer Name and Ticker or Trading Symbol
Opendoor Technologies Inc.
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OPEN
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O WALKERS CORP LTD., CAYMAN, CORPORATE CENTRE, 190 ELGIN AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/16/2021 |
(Street)
GEORGE TOWN, E9 KY1-9008
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 9/16/2021 | | S | | 32200000 | D | $16.69 | 41420282 | I | See footnotes (1)(2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 securities reported herein are held of record by SVF Excalibur (Cayman) Limited, which is a wholly owned subsidiary of SVF Endurance (Cayman) Limited, which is a wholly owned subsidiary of SoftBank Vision Fund (AIV M1) L.P. SB Investment Advisers (UK) Limited ("SBIA UK") has been appointed as alternative investment fund manager ("AIFM") and is exclusively responsible for managing SoftBank Vision Fund (AIV M1) L.P. in accordance with the Alternative Investment Fund Managers Directive and is authorized and regulated by the UK Financial Conduct Authority accordingly. |
(2) | As AIFM of SoftBank Vision Fund (AIV M1) L.P., SB Investment Advisers (UK) Limited is exclusively responsible for making all decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund (AIV M1) L.P.'s investments. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission that any reporting person is the beneficial owner of such shares for purposes of the Securities Exchange Act of 1934 or for any other purpose. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SVF Excalibur (Cayman) Ltd C/O WALKERS CORP LTD., CAYMAN CORPORATE CENTRE, 190 ELGIN AVENUE GEORGE TOWN, E9 KY1-9008 |
| X |
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SVF Endurance (Cayman) Ltd C/O WALKERS CORP LTD., CAYMAN CORPORATE CENTRE, 190 ELGIN AVENUE GEORGE TOWN, E9 KY1-9008 |
| X |
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SB INVESTMENT ADVISERS (UK) LTD 69 GROSVENOR STREET, LONDON, X0 W1K 3JP |
| X |
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SOFTBANK VISION FUND (AIV M1) L.P. 251 LITTLE FALLS DRIVE WILMINGTON, DE 19808 |
| X |
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Signatures
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SVF Excalibur (Cayman) Limited, By: /s/ Brian Wheeler, Director | | 9/20/2021 |
**Signature of Reporting Person | Date |
SVF Endurance (Cayman) Limited, By: /s/ Brian Wheeler, Director | | 9/20/2021 |
**Signature of Reporting Person | Date |
SB Investment Advisers (UK) Limited, Manager of SoftBank Vision Fund (AIV M1) L.P., By: /s/ Brian Wheeler, General Counsel | | 9/20/2021 |
**Signature of Reporting Person | Date |
SB Investment Advisers (UK) Limited, By: /s/ Brian Wheeler, General Counsel | | 9/20/2021 |
**Signature of Reporting Person | Date |
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