[Form 3] Opendoor Technologies Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Initial Form 3 filed for an Opendoor officer showing direct ownership of company stock and stock options. The reporting person, Christina Schwartz, is identified as an officer (Interim Chief Financial Officer) and directly owns 201,772 shares of common stock. Two employee stock options are disclosed: 59,658 shares exercisable from 09/27/2026 at $0.97, and 4,043 shares exercisable from 06/11/2027 at $1.02. The filing is signed by an attorney-in-fact on 10/08/2025.

Positive

• Direct ownership of 201,772 common shares by an officer
• Vested option for 59,658 shares (fully vested) providing alignment with shareholders
• Officer role disclosed as Interim Chief Financial Officer, clarifying reporting status

Negative

• None.

Insights

Corporate Governance Analyst

Officer disclosure shows substantial direct equity and vested options, aligning management with shareholders.

The filing reports 201,772 directly held common shares and two option grants totaling 63,701 underlying shares, with the larger option noted as fully vested. Direct ownership plus vested options indicate immediate economic exposure to share-price moves.

Key dependencies include exercise timelines and future option exercises; monitor the 09/27/2026 and 06/11/2027 exercisability dates and any subsequent Section 16 filings that record exercises or sales within the next 12 months.

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^*

Schwartz Christina

(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)
09/30/2025

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)
	See Remarks

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	201,772	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
Employee Stock Option	(1)	09/27/2026	Common Stock	59,658	$0.97	D
Employee Stock Option	(1)	06/11/2027	Common Stock	4,043	$1.02	D

Explanation of Responses:

1. The option is fully vested.

Remarks:

Officer Title: Interim Chief Financial Officer, Exhibit 24.1 - Power of Attorney

	/s/ Sydney Schaub, Attorney-in-fact	10/08/2025
	** 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 the Form 3 for Opendoor (OPEN) disclose?

It discloses that officer Christina Schwartz directly owns 201,772 shares and holds two employee stock options totaling 63,701 underlying shares.

What are the exercise prices and dates for the options reported on the Form 3?

One option covers 59,658 shares exercisable on 09/27/2026 at $0.97; the second covers 4,043 shares exercisable on 06/11/2027 at $1.02.

Is the larger option grant exercisable now or vested?

The filing states the larger option (59,658 shares) is fully vested.

Who signed the Form 3 for Christina Schwartz?

The Form 3 was signed by /s/ Sydney Schaub, Attorney-in-fact on 10/08/2025.

What is Christina Schwartz's role at Opendoor as disclosed?

She is disclosed as an Officer with the title Interim Chief Financial Officer.