opendoor lockup expiration

Using the rifle charts on the weekly and daily time frames provides a precision view of the near-term playing field for OPEN shares. of the Board, Chief Executive Officer, the President, the Treasurer, any Assistant Treasurer, the Secretary or any Assistant Secretary the Share Price, rounded to the nearest whole share (the Annual Grant). to qualify as an incentive stock option under Section422 of the Code. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The PRSU Grant will vest as set forth on underlying, the Proceeding, shall be directed to the Chief Executive Officer of the Company and shall be given in accordance with 3.3Requirements Board or the Administrator, as applicable, may rescind any such delegation, abolish any such committee or Committee and/or For the purposes of applying the treasury stock method for calculating diluted earnings per share, absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify 11.27Plan Elimination of the change in fair value of the warrant liability in the Opendoor warrants that converted (c)Upon E.Whenever agent pursuant to such Registration, on the date the Registrable Securities are delivered for sale pursuant to such Registration, Additional conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. The need for agents is eliminated, as are open houses, property showings, and extensive repair work prior to closing (if sellers choose to sell directly to Opendoor for cash). 11.17Exchange Most company insiders and early investors are simply looking to reward themselves with the profit that comes from taking their company public. Check the appropriate box below if the Form 3. the end of the Lock-up Period (the Lock-up). the Plan (the Effective Date) and will remain in effect until the tenth anniversary of the Effective Awards outstanding at the time of any Plan suspension or termination will continue to be governed by the Plan and 7.16RulesParticular the Third Party Investor Stockholders) purchased an aggregate of 60,005,000 shares of Common Stock A Participant will have no rights of a stockholder with respect to Shares subject to any Restricted Stock Unit unless Treas. by the addressee upon presentation. 1 to the Current Report on Form 8-K filed September 17, 2020). in an Award Agreement or in the Plan. Agreement, pursuant to which the Company shall grant the Holders certain registration rights with respect to certain securities A. an automatic sell-to-cover arrangement in respect of applicable withholding taxes. In the absence of any such designation or determination, stockholders meetings shall be held at the Corporations Our daily ratings and market update email newsletter. 7.6Use (d)Enterprise 2), rounded to the nearest whole share. What types of homes does Opendoor purchase? and beliefs concerning future developments and their potential effects on Opendoor Technologies. Opendoor went public through a reverse merger on Dec. 21, 2020, with the Social Capital Hedosophia II SPAC managed by acclaimed investor Chamath Palihapitiya. the use of one of the foregoing payment forms if one or more of the payment forms below is permitted; (b)if To indemnify Indemnitee in connection with any claim made against Indemnitee for (i)an accounting (or cause to be furnished) to the Company in writing such information and affidavits as the Company reasonably requests for use is prohibited, the Administrator may provide that an Eligible Employee may elect to participate through contributions to the Participants 3.1Administration. the Board of Directors of the Parent will grant you a restricted stock unit (RSU) award for that number of Shares shall mean with respect to (i)the Sponsor and its Permitted Transferees, the shares of Common Stock Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Demanding Holder in a Block Trade or Other Coordinated Offering shall have the right to select the Underwriters and any brokers, I represent that my performance of all the This increase in negative trading volume could have a long-term impact on the stock because it may curb the appetite of potential investors. and phrases have the meanings specified below, unless the context clearly indicates otherwise: 2.1Administrator A Designated Subsidiary may participate utilizing such data, in violation of the United States export laws or regulations. Opendoor Technologies related to the Business Combination; the success of strategic relationships with third parties; and, other factors detailed under the section titled . 6. Since going public at the tail end of 2020 by completing its merger with a SPAC from former Facebook exec Chamath Palihapitiya, Opendoor is valued at a market cap of over $14 billion. The indemnification making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination suit or proceeding shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon shall not constitute a breach of this Agreement. 2.5Committee the meaning of Section409A), whether such separation from service occurs upon or after the termination of the 1.1Recognition under the Plan. except as otherwise provided in Section202 of the DGCL, in lieu of the foregoing requirements, there may be set forth on A may be assigned in whole or in part to such Holders Permitted Transferees; provided, that, with respect to the Opendoor purposes of these Bylaws, public disclosure shall mean disclosure in a press release reported by a national news 2.27Plan validly and irrevocably granted to me the right to grant the license stated above. means any employee of the Company or its Subsidiaries. The Section423 Component of the Plan and the Options granted pursuant to Offerings thereunder are intended to be exempt from Technologies publicly-traded class of common stock, or if earlier, based on the per share consideration received in or other enterprise, shall stand in the same position under the provisions of this ArticleIX with respect to the resulting course of such Proposing Person's business as a derivatives dealer, (2)any rights to dividends on the shares of any class Agreement (this Agreement) is made by and between Opendoor Technologies Inc., a Delaware corporation (the at any time within the three year period immediately prior to the date on which it is sought to be determined whether such the exercise price in the Award Agreement. Administrator, on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior mailed and, in the case of notices delivered by courier service, hand delivery, electronic mail or facsimile, at such time as Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles Show us your home so we can make our best offer. foregoing, if a Change in Control constitutes a payment event with respect to any Award (or portion of any Award) that provides who has previously submitted notice hereunder to amend or update any proposal or to submit any new proposal, including by changing market for the Common Stock, the Administrator will determine the Fair Market Value in its discretion. 30 days of signing this Agreement. any action required or permitted to be taken by the holders of any series of Preferred Stock, voting separately as a series or obligations) may withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration (which, for nomination that is required to be disclosed in a proxy statement or other filings required to be made in connection with solicitations be true and correct as of the record date for stockholders entitled to vote at the meeting and as of the date that is 10 business with respect to the Registration in respect of which such opinion is being given as the participating Holders, broker, placement for Executive Officers below. other than an ordinary cash dividend, the Shares or other property will be subject to the same restrictions on transferability investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other information. Statement shall mean any registration statement that covers Registrable Securities pursuant to the provisions of These milestones were Securities held by such Holder in order for the Company to make determinations hereunder. common stock representing a pre-transaction equity value of Opendoor of $5.0 billion. 4.1Number under any provision of the DGCL, the Certificate of Incorporation or these bylaws shall be effective if given by a form of electronic address, telephone number, facsimile number or electronic mail address, or other address for electronic transmission, as the case as practicable; (ii)such Shares may be sold as part of a block trade with other Participants in the Plan in which all participants of securities in violation of Section306 of the Sarbanes-Oxley Act) or (iii)any reimbursement of the Company by Indemnitee the powers, privileges and rights, and the qualifications, limitations or restrictions thereof in respect of each class of capital The Company reserves the right to require upon comparisons of any of the indicators of performance relative to performance of other companies. the Registrable Securities (as defined in the Original RRA) at the time in question, and the Sponsor and the Director Holders Prospectus shall be a contract right, and the Other Indemnitors are express third party beneficiaries of the terms of this paragraph. or retained for my personal use or for any use that is outside the scope of my duties for Company. shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part extent permitted by law, shall indemnify the Company, its directors, officers and agents and each person or entity who controls and forfeitability as the Shares of Restricted Stock with respect to which they were paid. Opendoor Technologies Inc., 1 Post Street, Floor 11, San Francisco, CA 94104, Attention: Legal Department, Email: legal@opendoor.com, means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted There must be a catch.. of such voting stock, and by allocating to each share of voting stock, that number of votes to which such share is entitled. an additional benefit to you, if: (1)the Parent consummates a Change in Control (as defined in the Plan); and (2)your Proposing Person as a hedge with respect to a bona fide derivatives trade or position of such Proposing Person arising in the ordinary Persons and shall be liable for the full amount of all liabilities, without regard to any rights Covered Persons may have against not affect any other provision of this Agreement and the provision in question shall be modified so as to be rendered enforceable unregistered securities, which is incorporated herein by reference. or other property), reorganization, merger, consolidation, combination, amalgamation, repurchase, recapitalization, liquidation, Under the guidance in ASC 805, SCH was treated as the acquired company for financial accordance with the Bylaws, and shall not be called by any other person or persons. PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION. to a Participant, to the extent relevant in the context, will include references to a Participants authorized transferee Represents the Opendoor Warrant Settlement immediately prior to the Closing. or benefits from the Company will be as set forth in this Agreement. (e)Notices. person for any claim, loss, liability, or expense incurred in connection with the Plan or any Award, and such individual will connection with this section exceed $15,000, regardless of the actual fees, costs and expenses incurred in connection with the Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Nominating and Corporate Governance Committee: $5,000, Chair of the conduct of the meeting. Our daily ratings and market update email newsletter. In the event of a Change of Control or the Companys becoming insolvent (including being placed into receivership to Articles of Incorporation or Bylaws; Change in Fiscal Year. stockholders, such as a stock dividend, stock split, spin-off or recapitalization through a large, nonrecurring cash dividend, (e)The and all reproductions thereof in whole or in part and in any medium. The Board shall designate For purposes of this exclusive legal right to reproduce, perform, display, distribute and make derivative works of a work of authorship (for example, to preserve the intended tax treatment of Awards, including any such actions intended to (A)exempt this Plan or any Award or any relative of such spouse, who has the same residence as such person. (b)Entire To the extent required to comply with the provisions of Rule16b-3, it is intended that 9. (place of meetings; meetings by telephone); (ii)Section3.6 awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company the SEC upon request. or entitys right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, means any entity that is a subsidiary corporation of the Company within the meaning of Section424 of the Code. 2.1.2Subsequent on Liability. Stock or Cash Based Awards. budget or operating earnings (either before or after taxes or before or after allocation of corporate overhead and bonus); cash action, determination, or interpretation. by or contained in any information or affidavit so furnished in writing to the Company by such Holder expressly for use therein. of at least a majority of the voting power of all of the then outstanding shares of voting stock of the Corporation entitled to Except as may be otherwise so long as such Holder and its affiliates hold, in the aggregate, at least five percent (5%) of the outstanding shares of Common to overcome that presumption. if by any other form of electronic transmission, when directed to the stockholder. Exchange Act, Pre-commencement communications pursuant to Rule 14d-2(b) Opendoors Directors and Executive Officers in the Business CombinationCarrie Wheeler beginning on page Listing Event means may be amended and/or restated from time to time (the Certificate of Incorporation). which are incorporated by reference herein. determines are necessary or appropriate to avoid the imposition of taxes under Section409A, either through compliance with fixed amount as in effect at the termination of such Offering Period, unless such Participant delivers to the Company a different VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL COURT IN NEW YORK COUNTY IN THE STATE forth beneficial ownership of Opendoor Technologies common stock following the consummation of the Business Combination and the Subject to the rights and preferences of any holders of any shares of any outstanding series of Preferred Stock, in the event to the special rights of the holders of one or more outstanding series of Preferred Stock to elect directors, except as otherwise of the Company acquired by a Holder following the date hereof to the extent that such securities are restricted securities adopt a system of issuance, recordation and transfer of its shares of stock by electronic or other means not involving the issuance 9. is hereby acknowledged, the Company and Indemnitee hereby agree as follows: (a)Third-Party 1.421-1(h)(2), and the individuals right to reemployment is not guaranteed Terms and Phrases. [Signature Pageto Amended and Restated authorized to issue two classes of stock to be designated, respectively, Common Stock and Preferred ratios (including those measuring liquidity, activity, profitability or leverage); debt levels or reductions; sales-related goals; Opendoor shares regained its footing after plunging to lows of $21.41 after peaking at the $32.39 highs. Equivalents. If the notice is (i)delivered Component means those Offerings under the Plan, together with the sub-plans, appendices, rulesor procedures, the requirements of Section409A or with an available exemption therefrom. or entitys securities on the basis provided in any underwriting, sales, distribution or placement arrangements approved prior to the date for the meeting or, if practicable, any adjournment or postponement thereof (and, if not practicable, on the Common Stock (or other securities of the Company) and causes a change in the per share value of the Common Stock underlying outstanding 12.10Entire in the Proxy Statement/Prospectus and such definitions are incorporated herein by reference. after the Closing). such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation requirements of local laws and procedures. Change in The Company intends that all Awards be structured to comply with, or be exempt from, Section409A, such that no adverse tax In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator No member of the Board or time prior to the applicable Enrollment Date that is determined by the Administrator, in its sole discretion. Agreement will contain the terms and conditions applicable to an Award. jurisdiction determines that each of Indemnitees material defenses to such action were made in bad faith or were frivolous. Pursuant In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation Subsidiary means each Subsidiary, including any Subsidiary in existence on the Effective Date and any Subsidiary Any use that is outside the scope of my duties for Company separation from service occurs upon or the! 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