$Opendoor Technologies (OPEN.US)$ just to put the facts out....
$Opendoor Technologies (OPEN.US)$ just to put the facts out. the new ceo is incredible and he is not getting paid till the stock reaches 33$ till than he is getting 1$ a year. so i think this company has a lot of potential besides this. I checked out the opendoor website starting to look like more like an amzon for homes. its just not made for weak ppl without patience. keep believing
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74823836 : Thank you.
VicVegas007 : people keep saying this but it's not true, in the sec filling he will get 8,177,268 million shares if after one yr employment the average closing stock price that equals or exceeds $6.24 over the sixty (60) trading day period preceding the applicable vesting date (the “Stock Price Gate”). then after each quarter if the stock price remains above 6.24 he will receive another 8,177,268 shares until it reaches 40,886,344 shares
he also gets a Make-Whole Compensation of 15,000,000 cash as well as restricted stock unit of 15,000,000 will vest on the date that is nine (9) months after the date on which he commences his employment with the Company
He also gets other stock incentives when it hits certain levels
it's all in the sec filling if you want to check
73029372 OP VicVegas007 : bring the sec filling pls.
VicVegas007 73029372 OP : omg you're that lazy? but yes i will post it
73029372 OP VicVegas007 : haha it’s interesting cuz i read a lot on this company but didn’t read the sec filing
73029372 OP VicVegas007 : we are probably talking about the second part of the package
VicVegas007 : Opendoor Technologies | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans - moomoo
there are 6 doc's that take about about his compensation
Sam Bankman : CEO is great!! Earnings sucked but hes real great! what a good guy![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
VicVegas007 : here is a very brief explanation
VicVegas007 : to summarize: total 81.7 million shares, half is given at 20% increments if stock price stays over 6.24. The second half is given following the chart below
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