OPEN insider filing: President reports 4,250,000 RSUs with timed vesting

Rhea-AI Filing Summary

Radhakrishna Shrisha reported beneficial ownership of 4,250,000 restricted stock units (RSUs) of Opendoor Technologies, Inc. (OPEN). The RSUs are time-based: one-third vests on November 15, 2025, then one-twelfth of the total vests quarterly over the following eight quarters, subject to continued service. The Form 3 identifies the reporting person as President and an officer/director of the issuer.

Positive

• Disclosure of 4,250,000 RSUs provides transparency on insider compensation and potential future share issuance
• Clear vesting schedule (one-third on 11/15/2025, then quarterly over eight quarters) clarifies timing of potential equity delivery

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Initial disclosure of a senior officer's large RSU award with standard time-based vesting; routine governance filing.

The Form 3 documents an initial beneficial ownership position from 4,250,000 RSUs granted to the reporting person, disclosed in line with Section 16 reporting requirements. The award uses a front-loaded vesting structure (one-third at a fixed date, then quarterly vesting over two years), which aligns executive retention incentives with continued service. This is a routine, material insider disclosure but does not by itself indicate changes in control or transactions in market-traded shares.

Executive Compensation Analyst

TL;DR: Large RSU grant with multi-stage vesting; typical structure to retain and incentivize an executive.

The grant of 4,250,000 RSUs represents a significant equity award in absolute terms, disclosed as restricted stock units convertible to common shares upon vesting. Vesting timing—one-third on a specific date then quarterly installments—creates a clear schedule for future share issuance upon service-based vesting. The filing contains no exercise prices or derivative instruments, indicating these are straightforward time-based RSUs rather than options.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Radhakrishna Shrisha

(Last) (First) (Middle)

410 N. SCOTTSDALE ROAD, SUITE 1000

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/15/2025

3. Issuer Name and Ticker or Trading Symbol
Opendoor Technologies Inc. [ OPEN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,250,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of 4,250,000 restricted stock units ("RSUs") subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. One-third of the total number of RSUs will vest on November 15, 2025 and thereafter one-twelfth of the total number of RSUs will vest in quarterly installments over the next eight subsequent quarters, in each case subject to the Reporting Person's continued service to the Issuer.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Sydney Schaub, Attorney-in-fact	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Radhakrishna Shrisha disclose on the Form 3 for OPEN?

The Form 3 discloses beneficial ownership of 4,250,000 restricted stock units (RSUs) in Opendoor Technologies, Inc. (OPEN).

When do the RSUs reported by Radhakrishna Shrisha begin to vest?

One-third of the RSUs vest on November 15, 2025, then one-twelfth of the total vests quarterly over the following eight quarters, subject to continued service.

What type of securities were reported on the Form 3 filed for OPEN?

The filing reports non-derivative securities in the form of restricted stock units (RSUs) convertible to common stock upon vesting.

What role does the reporting person hold at Opendoor?

The Form 3 identifies the reporting person as President and an officer/director of Opendoor Technologies, Inc.

Does the Form 3 show any derivative securities or options for the reporting person?

No. Table II for derivative securities is blank; the filing reports only time-based RSUs in Table I.