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

Rhea-AI Filing Summary

Keith Rabois filed an initial Form 3 reporting beneficial ownership of 615,409 shares of Opendoor Technologies, Inc. (OPEN). The filing lists Rabois as a director and indicates the event date requiring the statement was 09/10/2025. The Form 3 was signed by an attorney-in-fact on 09/19/2025. No derivative securities or additional transaction details are disclosed.

Positive

• Initial disclosure filed for a director, increasing transparency about insider holdings
• Clear share count provided: 615,409 shares beneficially owned (direct ownership)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine disclosure of director share ownership; confirms beneficial stake and timely filing by representative.

The Form 3 is a standard initial disclosure that notifies the market of a director's equity stake. It lists 615,409 shares owned directly and identifies the reporting person as a director. The filing was executed via power of attorney, which is common for administrative filings. There are no derivative holdings or additional governance changes noted.

Securities Analyst

TL;DR: Informational only; provides a precise share count but no transaction or timing details affecting valuation.

This disclosure supplies a concrete ownership figure for modeling insider ownership but contains no purchase price, acquisition date, or sale activity. Without transaction detail or derivative positions, the filing has limited immediate impact on valuation or liquidity analysis beyond updating insider ownership metrics.

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^*

Rabois Keith

(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)
09/10/2025

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

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

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

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	615,409	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:

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Sydney Schaub, Attorney-in-fact	09/19/2025
	** 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 Keith Rabois disclose on the Form 3 for OPEN?

The Form 3 reports direct beneficial ownership of 615,409 shares of Opendoor Technologies, and lists his relationship to the issuer as a director.

When is the event date that triggered the Form 3 for OPEN?

The event date requiring the statement is listed as 09/10/2025.

Was the Form 3 signed by the reporting person for OPEN?

The filing was signed by an attorney-in-fact, Sydney Schaub, on 09/19/2025, per the signature block.

Does the Form 3 for OPEN report any derivative securities?

No. The filing contains no entries in the derivative securities section and reports only common stock ownership.

Does the Form 3 indicate indirect ownership or special relationships?

The filing indicates direct (D) ownership of the reported shares and does not describe any indirect ownership or special arrangements.