Opendoor Announces Inducement Grants for Newly Appointed Chief Executive Officer Under Nasdaq Listing Rule 5635(c)(4)
Opendoor Technologies (Nasdaq: OPEN) has announced significant inducement equity grants for its newly appointed CEO, Kaz Nejatian, who commenced his role on September 15, 2025. The compensation package includes three major components: a Make-Whole RSU award of 1,580,611 shares and two PSU awards of 40,886,344 shares each.
The Make-Whole RSU award will fully vest on June 15, 2026, while the PSU awards feature performance-based vesting conditions tied to stock price targets ranging from $6.24 to $33 over a five-year period. The first PSU includes 20% vesting on the first anniversary with quarterly installments thereafter, while the second PSU is divided into seven tranches with specific stock price hurdles and time-based vesting conditions.
Opendoor Technologies (Nasdaq: OPEN) ha annunciato significativi premi azionari di indizione per il suo recentemente nominato CEO, Kaz Nejatian, che ha assunto l'incarico il 15 settembre 2025. Il pacchetto di compensi comprende tre componenti principali: una premio RSU Make-Whole di 1.580.611 azioni e due premi PSU di 40.886.344 azioni ciascuno.
Il premio Make-Whole RSU maturerà completamente il 15 giugno 2026, mentre i premi PSU prevedono condizioni di vesting basate sulla performance legate a obiettivi di prezzo delle azioni che variano da $6,24 a $33 nel corso di cinque anni. Il primo PSU prevede il 20% di vesting nel primo anniversario con rate trimestrali successive, mentre il secondo PSU è suddiviso in sette tranche con specifici ostacoli di prezzo delle azioni e condizioni di vesting basate sul tempo.
Opendoor Technologies (Nasdaq: OPEN) ha anunciado significativas adjudicaciones de acciones por inducción para su nuevo CEO, Kaz Nejatian, que asumió el cargo el 15 de septiembre de 2025. El paquete de compensación incluye tres componentes principales: una adjudicación Make-Whole RSU de 1,580,611 acciones y dos premios PSU de 40,886,344 acciones cada uno.
La adjudicación Make-Whole RSU vestirá por completo el 15 de junio de 2026, mientras que las adjudicaciones PSU presentan condiciones de vesting basadas en el rendimiento vinculadas a objetivos de precio de las acciones que oscilan entre $6.24 y $33 durante un periodo de cinco años. El primer PSU admite vesting del 20% en el primer aniversario y luego pagos trimestrales, mientras que el segundo PSU se divide en siete tramos con umbrales de precio de las acciones y condiciones de vesting basadas en el tiempo.
Opendoor Technologies (나스닥: OPEN)은 신임 CEO인 Kaz Nejatian을 위한 중요한 유인 주식 보상을 발표했으며, 그는 2025년 9월 15일에 직무를 시작했습니다. 보상 패키지에는 세 가지 주요 구성 요소가 포함됩니다: Make-Whole RSU 상 1,580,611주와 두 PSU 상 40,886,344주씩.
Make-Whole RSU 상은 2026년 6월 15일에 완전히 vesting되며, PSU 상은 5년 동안 주가 목표 $6.24에서 $33를 달성하는 성과 기반 vesting 조건을 가집니다. 첫 번째 PSU는 첫 해 기념일에 20% vesting되며 이후 분기별로 분할 vesting이 이어지며, 두 번째 PSU는 특정 주가 문턱과 시간 기반 vesting 조건이 있는 7개 트랜치로 나뉩니다.
Opendoor Technologies (NASDAQ : OPEN) a annoncé d'importantes indemnités d'attribution d'actions pour son nouveau PDG, Kaz Nejatian, qui a pris ses fonctions le 15 septembre 2025. Le package de rémunération comprend trois composantes principales : une attribution Make-Whole RSU de 1 580 611 actions et deux attributions PSU de 40 886 344 actions chacune.
L'attribution Make-Whole RSU vestira intégralement le 15 juin 2026, tandis que les attributions PSU présentent des conditions de vesting basées sur la performance liées à des objectifs de cours des actions allant de 6,24 $ à 33 $ sur une période de cinq ans. La première PSU prévoit 20 % de vesting à la première anniversaire, puis des versements trimestriels, tandis que la seconde PSU est divisée en sept tranches avec des seuils de cours spécifiques et des conditions de vesting basées sur le temps.
Opendoor Technologies (Nasdaq: OPEN) hat bedeutende Anreize in Form von Aktienzuteilungen für seinen neu ernannten CEO, Kaz Nejatian, bekannt gegeben, der seine Rolle am 15. September 2025 aufgenommen hat. Das Vergütungspaket umfasst drei Hauptkomponenten: eine Make-Whole RSU-Zuteilung von 1.580.611 Aktien und zwei PSU-Zuteilungen von jeweils 40.886.344 Aktien.
Die Make-Whole RSU-Zuteilung wird am 15. Juni 2026 vollständig vesten, während die PSU-Zuteilungen leistungsbasierte Vesting-Bedingungen haben, die an Kursziele der Aktie gebunden sind, die sich über einen Zeitraum von fünf Jahren von $6,24 bis $33 erstrecken. Die erste PSU sieht 20% Vesting am ersten Jahrestag vor, danach vierteljährliche Raten, während die zweite PSU in sieben Tranchen unterteilt ist, mit spezifischen Kurs-Schwellen und zeitbasierten Vesting-Bedingungen.
Opendoor Technologies (ناسداك: OPEN) أعلنت منح حوافز حيازة أسهم كبيرة للرئيس التنفيذي المعين حديثاً كاز نجتيان، الذي بدأ دوره في 15 سبتمبر 2025. تتضمن حزمة التعويض ثلاث مكونات رئيسية: جائزة Make-Whole RSU من 1,580,611 سهماً و جائزتين PSU من 40,886,344 سهماً لكل منهما.
ستُفَعَّل جائزة Make-Whole RSU بالكامل في 15 يونيو 2026، بينما تتضمن جوائز PSU شروط vesting قائمة على الأداء مرتبطة بأهداف سعر السهم تتراوح من $6.24 إلى $33 على مدى خمس سنوات. الجائزة الأولى من PSU ستشهد vesting بنسبة 20% في الذكرى الأولى ثم دفعات ربع سنوية، بينما تُقسم PSU الثانية إلى سبع شرائح مع عتبات سعر السهم وشروط vesting زمنية محددة.
Opendoor Technologies（纳斯达克：OPEN） 宣布为新任命的首席执行官 Kaz Nejatian 提供的重大诱导性股票授予，他于 2025 年 9 月 15 日上任。补偿方案包括三个主要组成部分：一项 Make-Whole RSU 奖，共 1,580,611 股，以及两项 PSU 奖，每项 40,886,344 股。
Make-Whole RSU 奖将于 2026 年 6 月 15 日完全归属，而 PSU 奖设有基于绩效的归属条件，涉及股票价格目标，五年内区间为 $6.24 至 $33。第一项 PSU 的归属在第一周年时达到 20%，随后按季度分期归属；第二项 PSU 划分为七个分期，设有特定的股票价格门槛和基于时间的归属条件。
- Structured compensation package aligns CEO interests with shareholder value through stock price performance targets
- Long-term vesting schedule of 5 years promotes CEO retention
- Significant equity stake incentivizes CEO to drive company growth
- Substantial potential dilution from total grant of 83,353,299 shares
- High performance thresholds required for full vesting of PSU awards
SAN FRANCISCO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (the “Company”) today announced that it granted three inducement equity awards to Kaz Nejatian, newly appointed Chief Executive Officer of the Company, pursuant to the offer letter entered into between the Company, Opendoor Labs Inc. and Mr. Nejatian on September 10, 2025. Preliminary information about the three inducement grants was disclosed in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on September 11, 2025.
As previously disclosed, the Company’s Board of Directors has granted to Mr. Nejatian, effective with his commencement of employment on September 15, 2025 (the “grant date”), a restricted stock unit award relating to 1,580,611 shares of the Company’s common stock (the “Make-Whole RSU award”) and two performance-based restricted stock unit awards, each relating to 40,886,344 shares of the Company’s common stock (together, the “PSU awards”). Each of the Make-Whole RSU award and the PSU awards were granted under Rule 5635(c)(4) of the Nasdaq Listing Rules as an inducement material to Mr. Nejatian’s entering into employment with the Company. The Make-Whole RSU award was granted pursuant to the Company’s 2022 Inducement Award Plan. The PSU awards were granted outside of the Company’s equity incentive plans and are subject to the terms and conditions of the award agreements covering the grants.
The Make-Whole RSU award will vest in full on June 15, 2026, subject to Mr. Nejatian’s continued service to the Company through such date. Notwithstanding the foregoing, if Mr. Nejatian’s employment is terminated by the Company without cause, by Mr. Nejatian for good reason, or due to Mr. Nejatian’s death or disability (a “qualifying termination”) prior to the vesting date, the RSU Award will vest in full upon such qualifying termination.
The first PSU award will be eligible to vest in installments over a period of five years from the date of grant, with twenty percent of the award vesting on the first anniversary of the grant date and the remainder of the award vesting in quarterly installments thereafter, subject to Mr. Nejatian’s continued employment through each applicable vesting date and the achievement of an average closing stock price that equals or exceeds
The second PSU award has a five year performance period and is divided into seven equal tranches, with each tranche subject to a performance-based vesting condition that requires achievement of an average closing price stock price hurdle (equal to
About Opendoor
Opendoor is a leading e-commerce platform for residential real estate transactions whose 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 sell and buy a home. Opendoor is a team of problem solvers, innovators, and operators who are leading the future of real estate. Opendoor currently operates in markets nationwide. For more information, please visit www.opendoor.com.
Contact Information
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