Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community. Listen here.

Meet the Laser Focus World Team

Editorial

Contact Sales

Editorial Advisory Board

Professor Andrea M. Armani, University of Southern California

Ruti Ben-Shlomi, Ph.D., LightSolver

James Butler, Ph.D., Hamamatsu

Natalie Fardian-Melamed, Ph.D., Columbia University

Justin Sigley, Ph.D., AmeriCOM

Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover

Professor Stephen Sweeney, University of Glasgow

Mohan Wang, Ph.D., University of Oxford

Professor Xuchen Wang, Harbin Engineering University

Professor Stefan Witte, Delft University of Technology

Opendoor Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

By: Opendoor Technologies Inc. via GlobeNewswire

October 23, 2023 at 16:05 PM EDT

SAN FRANCISCO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that on October 20, 2023, the Compensation Committee of Opendoor’s Board of Directors granted restricted stock units covering 3,521,341 shares of its common stock to twenty-six (26) non-executive employees, in connection with their commencement of employment, under the Opendoor Technologies Inc. 2022 Inducement Award Plan (the “Inducement 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).

The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Opendoor, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Opendoor, pursuant to Nasdaq Listing Rule 5635(c)(4).

The restricted stock units vest over two years subject to continued service. With respect to the majority of the grantees, 50% of the shares underlying their award of restricted stock units vest on the first anniversary of the vesting commencement date (which is either August 15, 2023 or September 15, 2023, depending on the employee) and an additional 1/8th of the shares vest quarterly thereafter, subject to the employee’s continued service on such vesting dates. The restricted stock units are subject to the terms and conditions of the Inducement Plan and a restricted stock unit agreement covering the grant.

About Opendoor

Opendoor’s mission is to power life’s progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to buy and sell a home. Opendoor currently operates in markets nationwide.

For more information, please visit www.opendoor.com.

Investor Contact:
investors@opendoor.com

Media:
press@opendoor.com