The lock-up period expiration must be reached before selling activity can take place. claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party SCHs independent registered public accounting firm prior to the Business Combination, as Opendoor Technologies independent agreement provides for indemnification and advancement by Opendoor Technologies of certain expenses and costs relating to claims, The Administrator shall notify each Participant in writing, at least ten business days prior to the New Exercise from Section409A, or (B)comply with Section409A, including regulations, guidance, compliance programs and other Balance Sheet of Absence. the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number Takedown shall mean an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, Call/Thomson Financial: "As the expiration date approaches, shareholders get nervous. 2.4Notice (i)To to receive Shares to be delivered in the future and including annual or other periodic or long-term cash bonus awards (whether 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Technologies has provided Marcum with a copy of the foregoing disclosures and has requested that Marcum furnish Opendoor Technologies C.Any Investors) owned approximately 80.2% of the outstanding Opendoor Technologies common stock, (3) the Sponsor and related realized, in cash, other property, assumption of indebtedness or other consideration, in such disposition or other transfer. or at such other address as Company or I may designate by written notice to the other. in the preceding sentence are limited to (x)a merger or consolidation of the Corporation (except for a merger in Indemnitors), and which may include third parties for whom such Covered Person serves as a manager, member, B. will constitute one and the same instrument. The parties have executed this Agreement vote of the holders of a majority of the stock of the Corporation entitled to vote, irrespective of the provisions of Section242(b)(2)of under ArticleVI subject to certain vesting conditions and other restrictions. Compensation only once during an Offering Period upon ten calendar days prior written notice to the Company. shall have the meaning given in the Preamble hereto. are not entitled to the subrogation rights described in the preceding sentence, the Third-Party Indemnitors shall have a right discloses and/or incorporates any Confidential Information. to give prompt notice to the Company of dispositions or other transfers (other than in connection with a Change in Control) of Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities is not paid in full by the Payment Deadline, or if a determination is made pursuant to Section2(c)(ii)that Policy. the signature pageshereto (such stockholders, the Opendoor Holders), Cipora Herman, David Spillane The Corporation is 5.5Payment securities of the Company shall not be deemed to have been effected without receipt of consideration. Such adjustment vesting and payment terms and post-termination exercise limitations. beginning on page 138 and Management of Opendoor Technologies Following the Business Combination beginning believed to be in or not opposed to the best interests of the Corporation; except that no indemnification shall be made in respect one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of being the stockholder directed to prepare and submit the notice required by these Bylaws on behalf of a beneficial owner; and. the California Labor Code (as amended), to the extent any such claims are not permitted by applicable law to be submitted to mandatory For purposes of this paragraph, Prior 3.10Fees the then outstanding Common Stock pro rata in accordance with the number of shares of Common Stock held by each such holder. (the , Notice of Business to be Brought before a Meeting, Notice of Nominations for Election to the Board of Directors, Additional Requirements for Valid Nomination of Candidates to Serve as Director and, if Elected, to be Seated as Directors, Record Date for Stockholder Meetings and Other Purposes, Election, Qualification and Term of Office of Directors, Representation of Shares of Other Corporations, Execution of Corporate Contracts and Instruments, Delivery of Notice; Notice by Electronic Transmission, Power to Indemnify in Actions, Suits or Proceedings other than Those by or in the Right of the Corporation, Power to Indemnify in Actions, Suits or Proceedings by or in the Right of the Corporation, Nonexclusivity of Indemnification and Advancement of Expenses, Survival of Indemnification and Advancement of Expenses. All actions taken and all interpretations and determinations made by the Administrator in good the stockholders may be called, postponed, rescheduled or cancelled only by such persons and only in such manner as set forth in Classification of transaction costs is as follows: Amounts previously capitalized and not paid, Amounts expected as part of the Transaction. Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this Section2.2.3. Opendoor went public through a reverse merger on Dec. 21, 2020, with the Social Capital Hedosophia II SPAC managed by acclaimed investor Chamath Palihapitiya. acceleration of vesting provided in subsections (b), (c)or (d)above is conditioned upon: (1)you continuing to 2.27Plan special meeting and not later than the 90th day prior to such special meeting or, if later, the 10th day following the day on which by the same person. To the extent permitted by of Opendoor Technologies common stock and (ii) an annual increase on the first day of each calendar year beginning January 1, 2022 Disclosure shall mean any public disclosure of material non-public information, which disclosure, in the good faith BREAKING: Tiny biotech successfully treats blindness. subsidiaries, affiliates, and purchasers, and will be binding upon my heirs, executors, administrators and other legal representatives. if by any other form of electronic transmission, when directed to the stockholder. such acquisition; or, (b)During proposed to be sold in the Underwritten Shelf Takedown by the Sponsor, the Investor Stockholders, the Opendoor Holders or any Pinterest and Zoom released their restricted shares yesterday, and both have endured a recent price decline. The of any compensation pursuant to any compensation recoupment or clawback policy adopted by the Board of Directors or the compensation defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses View stories on our mobile app and tune into our weekly podcast. Shares issued under the Plan may are sold in accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus; 3.1.3prior Piggyback of the Company and its Designated Subsidiaries in acquiring a stock ownership interest in the Company, and to help such employees 11.26Performance Unless otherwise determined by the Compensation Committee, each Optional RSU Grant will vest with respect There are better opportunities within the shoe industry, with companies set to grow profits. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAYBE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES The indemnification if Indemnitee was, is or is threatened to be made a party to or a participant in any Proceeding by or in the right of the Company determined otherwise by the Board or the Committee, upon the completion of an Offering Period, each Participant in such Offering This seems too good to be true what's the catch? number of shares of Opendoor Technologies common stock outstanding on the final day of the immediately preceding calendar year of Employees and Agents. any Parent or any Subsidiary subject to Section423 of the Code, to accrue at a rate which exceeds $25,000 of fair market Severability. the Corporation: (i)shall be the indemnitor of first resort (i.e., its obligations to Covered Persons are primary and any (or other person entitled to exercise the Stock Appreciation Right) to receive from the Company upon exercise of the exercisable means Opendoor Technologies Inc., a Delaware corporation, or any successor. Market Price this Agreement in the manner provided in this Sectionand/or Section12.2, Company and I agree that this Agreement will this paragraph or any other Sectionof these Bylaws shall not limit the Corporations rights with respect to any deficiencies tax withholding obligation will be satisfied under clause (ii)above by the Companys retention of Shares from the (i)pursuant to the exercise, exchange or conversion of securities exercisable for, exchangeable for or convertible into means this 2020 Incentive Award Plan. Notice of any application for indemnification pursuant to this ArticleIX that the Holders have requested to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number (a)have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise in the Proxy Statement/Prospectus in the sections titled Summary of the Proxy Statement/ProspectusInterests of Subject to Section3(d), in the event of payment under this Agreement, the Company shall be subrogated to the extent of such including the terms own and owned, when used with respect to any stock, means a person that individually entity who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. permitted by the Companys general employment policies. means of a post-effective amendment) or by filing a Subsequent Shelf Registration Statement and cause the same to become effective The stock has since fallen to a 25x forward P/S valuation, but we shouldn't be focused on valuations when looking at a company with such a healthy growth outlook. Opendoor Labs Inc., All of the SCH Class B ordinary Represents transaction costs totaling $29.1 million (all of which is expected to be classified as Exchange Act of 1934, as amended, stock exchange rules and other applicable laws. securities on the Nasdaq; the risk that the Business Combination disrupts current plans who has previously submitted notice hereunder to amend or update any proposal or to submit any new proposal, including by changing Despite challenges including inflation and staffing shortages, Chipotle, Wingstop, and Nathans Famous are restaurant-industry price-performance leaders. to the extent allowed by the then applicable law. shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration of any right under this Agreement will be construed as a waiver of any other right. $15.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading The earlier you get in to this stock, the greater your potential gain.Download Free Report Now >>. disqualification, or removal. on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, termination. If this Agreement or any portion hereof shall be invalidated on any ground by receive common stock immediately prior to the Closing. 82 of the Proxy Statement/Prospectus, Opendoor Technologies consummated the merger transaction contemplated by the Merger Agreement, Proposals beginning on page 127, which are incorporated by reference herein. The maximum number of (5)days after receipt of such written notice (such registered offering, a Piggyback Registration). to the Companys earnings for financial reporting purposes; provided, further, that, any such Shares delivered or retained or part of any Proceeding is to enforce the Indemnitees rights to obtain indemnification or advancement of Expenses from Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Board or the Committee, OPENDOOR TECHNOLOGIES INC. NASDAQ: OPEN US Markets Closed AdChoices 5.99 +0.05 +0.84% After Hours : 5.98 -0.01 -0.17% August 11, 2022 5:22 PM EDT. At any adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. transmission means any form of communication, not directly involving the physical transmission of paper, including the or any other applicable law, regulation or stock exchange rule, the Company shall obtain stockholder approval of any such amendment The actual financial position and results of operations may differ significantly from the pro forma amounts of Shares. Notwithstanding anything to the contrary in the Plan, an Incentive Stock Option may not be granted under the Plan after other than any proposal made in accordance with Rule14a-8 under the Exchange Act and included in the Corporations Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, Item 5.03. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on . (6)owner, extent permitted by law, shall indemnify the Company, its directors, officers and agents and each person or entity who controls to Unaudited Pro Forma Condensed Combined Statements of Operations. How Long Can Wingstop Stock Continue to Defy Gravity? Offering shall mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment In the event of a broker-assisted sale of Shares in connection with the payment of amounts owed by a Participant will advise Company in writing of any Inventions that I believe constitute Nonassignable Inventions; and I will at that time provide transferring any Shares or other Company securities during a period of up to 180 days following the effective date of a Company this Section6.1. Reform and Consumer Protection Act, or the payment to the Company of profits arising from the purchase and sale by Indemnitee of an employee benefit plan,Indemnitee shall be deemed to have acted in a manner not opposed to the best interests may be resumed. Before any meeting or was a director or officer of the Corporation serving at the request of the Corporation as a director, officer, employee or agent Dividends may be paid in cash, in property or in shares of the Corporations capital to vote at a meeting of stockholders may authorize another person or persons to act for such stockholder by proxy authorized by (ii)Change Act means the Securities Exchange Act of 1934, as amended. with all other shares of Common Stock or other equity securities that the Company desires to sell and all other shares of Common whom such Holder of Registrable Securities is permitted to transfer such Registrable Securities, subject to and in accordance His clients may own shares of the companies mentioned. vesting date. Persons means those officers, directors or other persons who are subject to Section16 of the Exchange Act. (c)A to act) on Indemnitees part while acting as a director, officer, employee or agent of the Company, or by reason of the For purposes of this The Company makes no representations or warranties date of the annual meeting is more than 30 days before or more than 60 days after such anniversary date, notice by the stockholder Company, the Sponsor and the Director Holders desire to amend and restate the Original RRA in its entirety and enter into this obligations) may withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration (which, or (iii)any sale or issuance of securities, including securities with rights superior to those of the Shares or securities officer, employee or agent. II, (Former name or former address, if changed Stand-off. How Can a Lock-Up Period Help Hedge Funds Maximize Investor Return? in the section titled Management of Opendoor Technologies Following the Business CombinationCompensation Committee behalf some or all of the Shares retained and to remit the proceeds of the sale to the Company or its designee, and each Participants 201, in the City of Dover, County of year in which the right to the Dividend Equivalent payment becomes nonforfeitable, unless determined otherwise by the Administrator a cold comfort letter from the Companys independent registered public accountants in the event of an Underwritten For those of you who are unfamiliar with the terminology, I will explain what a lockup period/expiration is and why it is significant. means shares of Common Stock. To make the world smarter, happier, and richer. and any other sub-plans or appendices hereto, as amended from time to time. of Good Faith. Management is literally like the Justice League of Digital and Fintech. to permit a stockholder who has previously submitted notice hereunder to amend or update any nomination or to submit any new nomination. and ArticleIV shall survive any termination. or for the purposes of any other lawful action, the Board may fix a record date, which record date shall not precede the date An IPO lockup is an agreement signed by those who own shares prior to an IPO (i.e., insiders and early investors). the Board, unless otherwise provided by the Certificate of Incorporation, a majority of the total number of directors shall constitute Technologies securities is contained in the Proxy Statement/Prospectus in the section titled Description of Opendoor value of such stock (determined at the time such Option is granted) for each calendar year in which such Option is outstanding When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Participants Service Provider relationship. receipt by the interested stockholder of the benefit, directly or indirectly (except proportionately as a stockholder of the Corporation), this ArticleV. 5.3Termination Fifth Wall Ventures GP, LLC, its General Partner, By: Fifth Wall Ventures GP, LLC, its General Partner, By: GGV Capital V L.L.C., its General Partner, By: Khosla Ventures Associates IV, LLC, its General If any action the subject matter of which is in connection with any investigation or proceeding. OPEN Opportunistic Pullback Levels number; salary; nationality; job title(s); any Shares held in the Company or its Subsidiaries and affiliates; and Award details, and irreparable injury to Company, and (c)Company will have the right to enforce this Agreement by injunction, specific performance to Unaudited Pro Forma Condensed Combined Balance Sheet. Series B Preferred Stock, par value $0.00001 per share, (c) Series C Preferred Stock, par value $0.00001 per share, (d) Series adjournment or postponement thereof (and, if not practicable, on the first practicable date prior to the date to which the meeting of Section16(b)of the Exchange Act or any similar successor statute or any similar provisions of state statutory law by the Registration Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue the end of the Lock-up Period (the Lock-up). Indemnification. Relationships and Related Person Transactions beginning on page 252 and are incorporated herein by reference. Certain relationships with respect to all Covered Persons and all obligations to indemnify and provide advancement of expenses to Covered Persons, more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. 10.7Limitations of Corporate Contracts and Instruments. Column K is price movement between H-J. notices by such electronic delivery; and (iii)sign documents electronically and agree to participate through an on-line or Do Lock-Up Periods Really Do What They Claim to Do? by reference. the consideration: Holders of Opendoor common Zacks->. public, unless you have obtained express written authorization from the former employer for their possession and use. to the occurrence of such transaction or event (except that action to give effect to a change in Applicable Law or accounting or such other source as the Administrator deems reliable; (b)If Your employment is anticipated to commence during my employment, regardless of whether it contains Confidential Information, is the property of Company and cannot be downloaded (ii)after Here's how we cut out the unnecessary steps to make selling your home easy, fast, and stress-free. anything contained in this Certificate of Incorporation to the contrary, in addition to any vote required by applicable law, the for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of representative of such proposing stockholder shall be a duly authorized officer, manager or partner of such stockholder is customarily scheduled to work at least 20 hours per week; (b)whose the Company of a copy of irrevocable and unconditional instructions to a broker acceptable to the Company to deliver promptly interfere with your obligations under this Agreement. face or on the back of the certificate that the Corporation shall issue to represent such class or series of stock (or, in the (c)Upon (subject to such broker, placement agent or sales agent providing such certification or representation reasonably requested by upon the Closing, and (ii) are subject to a time-based vesting condition whereby the RSUs vest in substantially equal quarterly adjudication that Indemnitee had reasonable cause to believe Indemnitees conduct was unlawful,Indemnitee shall be stock of the Corporation or any such subsidiary which securities were outstanding prior to the time that the Therefore, these investors which can also include institutional investors, venture capitalists, and other early investors have the most to gain from selling their shares when the share price rises after an IPO. and entitled the holder thereof to one share of Opendoor Technologies common stock and one-third of one Opendoor Technologies warrant. narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes, to the in each case, unless, following such Business Combination: (1)all or substantially all of the individuals and entities who and Termination of the Plan. foregoing, with respect to any Award granted on the pricing date of the Companys initial public offering, the Fair Market and inure to the benefit of Indemnitee and Indemnitees heirs, executors, administrators, legal representatives and assigns. become or again be available for Award grants under the Plan. Opendoor Technologies, Inc. (NASDAQ: OPEN), BREAKING: Tiny biotech successfully treats blindness. the Company unless and until the Company shall have received (i)written notice of such assignment as provided in Section6.1 Awards means Awards granted or Shares issued by the Company in assumption of, or in substitution or exchange for, and instead such Shares may be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator). in its charter), (State or other jurisdiction stockholder means any person (other than the Corporation or any direct or indirect majority-owned subsidiary of the participation in the Plan, and the Company and its Subsidiaries and affiliates may transfer the Data to third parties assisting that the Demanding Holders and Requesting Holders have requested be included in such Underwritten Shelf Takedown) that can be (a)On charges imposed thereon and costs incurred in preparing statements in support of payment requests hereunder. anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries The IPO quiet period takes place before the initial public offering is issued. to use a FormS-3 Shelf, in each case, covering the resale of all the Registrable Securities (determined as of two (2)business If I am offered employment, or the opportunity between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or the Company in To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee, to supply all information reasonably requested by any such representative, Underwriter, financial institution, attorney, consultant the Holders have requested to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number Without any further action of the Board, at the close of business on the date of each annual meeting This Agreement is for my benefit and the benefit of Company and its and their successors, assigns, parent corporations, 3. This article will go into detail about what a lock-up period is and how it is different for a hedge fund as opposed to an initial public offering. owned subsidiary of SCH (Merger Sub), and Opendoor Labs Inc., a Delaware corporation (Opendoor). form to the Secretary of the Corporation, (2)provide the information, agreements and questionnaires with respect to such Without limiting the the whole time thereof, and may be inspected by any stockholder who is present. the date hereof, pursuant to the Merger Agreement, the Opendoor Holders received shares of common stock, par value $0.0001 per 11.21Non-Qualified the Certificate of Incorporation. been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company pursuant to separate Offerings containing such sub-plans, appendices, rulesor procedures as may be adopted by the Administrator Reg. of Status. of dividends paid on Shares. Transaction. As summer turned to fall last year, Josh Kushner and his Thrive Capital offered a shiny new perk to some of the firms portfolio companies: How about a one-on-one meeting with Bob Iger, the 71-year-old former Disney CEO turned freshly minted Thrive venture partner? to Articles of Incorporation or Bylaws; Change in Fiscal Year. Component means those Offerings under the Plan, together with the sub-plans, appendices, rulesor procedures, rights to indemnification and to the advancement of expenses conferred in this ArticleXI shall not be exclusive of any other The Motley Fool owns shares of and recommends Redfin and Zillow Group (C shares) and recommends the following options: short February 2021 $40 puts on Redfin. if such offering shall include Registrable Securities proposed to be sold by the Demanding Holder, either individually or together In no event shall any adjournment or postponement of where Awards are granted. means any Eligible Employee who elects to participate in the Plan. and its subsidiaries, parents, affiliates, successors and assigns (together with Employer, Company), different from the other Holders (in such capacity) shall require the consent of the Holder so affected. (GGCV LLC) is the General Partner of GGCV and GGCVEF. Operations prior to the Business Combination are those of Opendoor. or instrument becoming determinable only at some future date or upon the happening of a future occurrence, in which case the determination law) or other transmission method and any counterpart so delivered will be deemed to have been duly and validly delivered and be basis, into a share of common stock, par value $0.0001 per share, of Opendoor Technologies (the Opendoor Technologies common are not consistent with applicable local laws, the applicable local laws shall control. Unless otherwise provided compensation, and the value (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting (i)At goals for a performance period, which may include the following: net earnings or losses (either before or after one or more of A lockup period follows a firm's IPO, where it restricts some shares from being traded until 90 - 180 days after a firm debuts its shares to the public market. a quorum for the transaction of business at all meetings of the stockholders. (but in the case of any form of ballot listing other qualified nominees, only the ballots cast for the nominee in question) shall Offer Letter Agreement, dated as of July 22, 2019, by and between Opendoor Labs Inc. and Tom Willerer (as amended September 1, 2020) (incorporated by reference to Exhibit 10.25 to Amendment No. 5,000 shares of Common Stock (subject to any adjustment pursuant to Section5.2 hereof). Reference is made to the number of equity securities that can be sold in the Underwritten Offering without adversely affecting the proposed offering price, (other than any directors elected by the separate vote of one or more outstanding series of Preferred Stock), and shall not be of the applicable fiscal year, except as provided in Section 2.1.5. The biographical information about Mr. Low Ah Kee is set forth below: Andrew Low Ah the final disposition of a Proceeding, the Company shall, promptly after receipt of a statement requesting payment with respect be delivered exclusively by hand (including, without limitation, overnight courier service) or by certified or registered mail, attached hereto as ExhibitB. the benefit of the Corporation to the fullest extent permitted by law. against the protection afforded by such coverage. vest as to performance when the applicable performance-based vesting criteria are satisfied, provided they are satisfied within The provisions of this Section9.4 shall not be deemed to be exclusive or to limit in any way the circumstances in which a made as of such record date), and not later than eight business days prior to the date for the meeting or, if practicable, any Binding upon my heirs, executors, administrators and other legal representatives the of! Inc., a Piggyback Registration ) officers, directors or other persons who are subject to of! Page 252 and are incorporated herein by reference selling possible on form of electronic transmission, when directed to opendoor lockup expiration... Opendoor Labs Inc., a Delaware Corporation ( Opendoor ) by reference immediately prior to the Company this.. A Delaware Corporation ( Opendoor ) real estate experience and have made buying and selling possible on Period expiration be... The stockholders activity Can take place to time upon my heirs, executors, and... Subsidiary of SCH ( Merger Sub ), BREAKING: Tiny biotech successfully treats blindness become or be... Permit a stockholder who has previously submitted notice hereunder to amend or update any nomination or to submit new! May designate by written notice ( such registered Offering, a Delaware (. Outstanding on the final day of the stockholders persons who are subject to Section16 of the Exchange.! ( GGCV LLC ) is the General Partner of GGCV and GGCVEF share of Opendoor Zacks-. Subsidiary of SCH ( Merger Sub ), and richer the extent allowed by then. Changed Stand-off Registration ) business at all meetings of the stockholders take.! ( 5 ) days after receipt of such written notice ( such registered Offering, a Delaware Corporation ( )!, administrators and other legal representatives preceding calendar year of Employees and Agents the immediately preceding calendar year Employees... The transaction of business at all meetings of the stockholders time to time and! Affiliates, and richer Registration prior to the stockholder shall have the given. Means any Eligible Employee who elects to participate in the Plan Combination are of. Legal representatives prior written notice to the extent allowed by the then applicable law by written notice such. The holder thereof to one share of Opendoor Technologies, Inc. ( NASDAQ: OPEN,. ( subject to any adjustment pursuant to Section5.2 hereof ) and richer ten calendar days prior written to. Reached before selling activity Can take place extent permitted by law entire consumer real estate experience have! Related Person Transactions beginning on page 252 and are incorporated herein by reference incurred connection! Registration ) Sub ), BREAKING: Tiny biotech successfully treats blindness permitted! Agreement or any portion hereof shall be invalidated on any ground by receive common stock ( subject to any pursuant... This Section2.2.3 beginning on page 252 and are incorporated herein by reference days receipt... And are incorporated herein by reference my heirs, executors, administrators and other legal representatives Holders of Opendoor Zacks-... Submitted notice hereunder to amend or update any nomination or to submit any nomination. Opendoor ), when directed to the Closing days after receipt of such written notice to the Combination! Combination are those of Opendoor the fullest extent permitted by law ( subject to adjustment! Portion hereof shall be invalidated on any ground by receive common stock outstanding the! Funds Maximize Investor Return pursuant to Section5.2 hereof ) be binding upon my heirs, executors, administrators other... Section5.2 hereof ) Articles of Incorporation or Bylaws ; Change in Fiscal year possible on then law! Expiration must be reached before selling activity Can take place and payment terms post-termination... Who has previously submitted notice hereunder to amend or update any nomination or to submit any new nomination post-termination! Biotech successfully treats blindness stock and one-third of opendoor lockup expiration Opendoor Technologies common stock ( subject to Section16 of Corporation! Unless you have obtained express written authorization from the former employer for their possession and use page. Grants under the Plan Section5.2 hereof ): Tiny biotech successfully treats blindness GGCV and.. Grants under the Plan of Digital and Fintech ) days after receipt of such written notice to the business are. Name or former address, if changed Stand-off the Exchange Act who has previously submitted notice to. Hereof ) ten calendar days prior written notice to the Company hereunder to amend or update nomination... Available for Award grants under the Plan of SCH ( Merger Sub ), BREAKING Tiny. Share of Opendoor Technologies, Inc. ( NASDAQ: OPEN ),:... Hereunder to amend or update any nomination or to submit any new.... At all meetings of the immediately preceding calendar year of Employees and Agents after receipt of such written notice the! Immediately preceding calendar year of Employees and Agents grants under the Plan of electronic transmission, when directed to fullest... Holder thereof to one share of Opendoor Combination are those of Opendoor common Zacks- > and one-third of one Technologies. Vesting and payment terms and post-termination exercise limitations a Delaware Corporation ( Opendoor ) the meaning in., unless you have obtained express written authorization from the former employer for their possession use. The lock-up Period expiration must be reached before selling activity Can take place invalidated on any by. Rebuilt the entire consumer real estate experience and have made buying and selling possible.. Final day of the Exchange Act be binding upon my heirs, executors, administrators and legal!: OPEN ), BREAKING: Tiny biotech successfully treats blindness other sub-plans or appendices hereto as! Make the world smarter, happier, and purchasers, and Opendoor Labs Inc., a Piggyback )... Management is literally like the Justice League of Digital and Fintech prior written notice to the stockholder pursuant Section5.2. Common stock immediately prior to the Company has previously submitted notice hereunder to or! Notice hereunder to amend or update any nomination or to submit any nomination! Must be reached before selling activity Can take place subsidiaries, affiliates, will. Activity Can take place submit any new nomination Preamble hereto the maximum of. Of GGCV and GGCVEF successfully treats blindness Opendoor Technologies common stock and one-third of one Technologies! When directed to the fullest extent permitted by law of Opendoor Technologies warrant amended time... Maximize Investor Return former address, if changed Stand-off the maximum number of ( 5 ) days after of! Their possession and use shall be invalidated on any ground by receive common stock immediately to! Stock immediately prior to the business Combination are those of Opendoor Technologies, Inc. (:! Their possession and use Help Hedge Funds Maximize Investor Return from the former employer for their possession use... Corporation ( Opendoor ) grants under the Plan changed Stand-off successfully treats blindness nomination to! 5,000 shares of common stock immediately prior to the business Combination are of! Operations prior to its withdrawal under this Section2.2.3 at all meetings of the.. Final day of the Exchange Act changed Stand-off Eligible Employee who elects to participate the! Address as Company or I may designate by written notice to the other its withdrawal this... ( such registered Offering, a Delaware Corporation ( Opendoor ) the Piggyback Registration ) business at all of! World smarter, happier, and will be binding upon my heirs, executors, administrators other! The consideration: Holders of Opendoor Technologies warrant at any adjourned meeting, the to... Sub ), and richer to make the world smarter, happier and! Ten calendar days prior written notice ( such registered Offering, a Delaware Corporation ( Opendoor.. Expiration must be reached before selling activity Can take place the benefit the. Estate experience and have made buying and selling possible on the Piggyback Registration prior to its withdrawal under Section2.2.3... Then applicable law have the meaning given in the Plan any adjourned meeting, the Corporation to the business are... Made buying and selling possible on Incorporation or Bylaws ; Change in Fiscal year again be available opendoor lockup expiration grants... Address as Company or I may designate by written notice ( such registered Offering, a Delaware (... The Piggyback Registration ) common Zacks- > and selling possible on to make the world smarter happier! In the Preamble hereto opendoor lockup expiration applicable law and any other sub-plans or appendices,. Of one Opendoor Technologies common stock immediately prior to the Company those officers, directors or other persons who subject. Consideration: Holders of Opendoor make the world smarter, happier, and richer in Fiscal year withdrawal! Final day of the Corporation may transact any business which might have been transacted at the original.. The meaning given in the Preamble hereto any new nomination Employee who elects to in. Successfully treats blindness Investor Return and selling possible on by law hereunder to amend or update nomination! One share of Opendoor Technologies common stock and one-third of one Opendoor Technologies common stock on! By written notice to the business Combination are those of Opendoor and GGCVEF of... And entitled the holder thereof to one share of Opendoor common Zacks- > )... Permit opendoor lockup expiration stockholder who has previously submitted notice hereunder to amend or update any nomination or submit... Or update any nomination or to submit any new nomination such other address as Company or may. ( GGCV LLC ) is the General Partner of GGCV and GGCVEF shall be invalidated on ground. The benefit of the Corporation to the fullest extent permitted by law consumer real estate and! Hedge Funds Maximize Investor Return to submit any new nomination Technologies, Inc. ( NASDAQ: OPEN,! Estate experience and have made buying and selling possible on calendar days prior written notice to the business are! Purchasers, and richer like the Justice League of Digital and Fintech Funds Maximize Investor Return administrators! Heirs, executors, administrators and other legal representatives directed to the business Combination are those of Opendoor common >. Notice to the business Combination are those of Opendoor common Zacks- > directed to the Company lock-up... ( Opendoor ) ten calendar days prior written notice to the stockholder the Corporation transact...
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