Opendoor Technologies announced that on February 8, 2023, the Compensation Committee of Opendoor’s Board of Directors granted restricted stock units covering 1,941,692 shares of its common stock to fifteen non-executive employees, in connection with their commencement of employment, under the Opendoor Technologies Inc. 2022 Inducement Award Plan. The restricted stock units were granted as an inducement material to the employees’ commencement of employment and were granted as an employment inducement award pursuant to Nasdaq Listing Rule 5635(c)(4).
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