Opendoor CFO exercises 59,658 stock options

Opendoor Technologies Inc.’s CFO exercised stock options and had shares withheld to cover exercise and tax obligations, rather than making a discretionary market sale.

Rhea-AI Filing Summary

Opendoor Technologies Inc. (OPEN) reported that Chief Financial Officer Christina Schwartz exercised 59,658 fully vested employee stock options on September 15, 2026, at an exercise price of $0.97 per share, receiving the same number of common shares.

Of these, 42,242 shares were withheld by the company at $2.65 per share to pay the option exercise price and satisfy tax withholding obligations through a net exercise, and she retained the remaining shares. The company states this withholding did not represent a discretionary trade by her, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

59,658 shares exercised/converted

Exercise 3 txns

Insider Schwartz Christina

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option F3	59,658	$0.00	$0.00
Exercise	Common Stock F1	59,658	$0.97	$58K
Exercise Price or Tax Liability	Common Stock F2, F1	42,242	$2.65	$112K

Holdings After Transaction: Employee Stock Option — 0 contracts (Direct); Common Stock — 3,787,282 shares (Direct)

Footnotes (3)

1. F1. The Reporting Person exercised stock options and used a portion of the shares to pay the option exercise price and cover tax withholding obligations via a net exercise by electing to have the Issuer withhold shares otherwise deliverable after the stock option exercise. The Reporting Person retained all of the remaining shares.
2. F2. Represents the number of shares withheld by the Issuer to satisfy the exercise price and tax withholding obligations in connection with the net settlement of the stock options. This does not represent a discretionary trade by the Reporting Person.
3. F3. The option is fully vested.

Key Figures

Options exercised: 59,658 options Option exercise price: $0.97 per share Shares acquired: 59,658 shares +3 more

6 metrics

Options exercised 59,658 options Employee stock options exercised into common stock on September 15, 2026

Option exercise price $0.97 per share Exercise price for 59,658 employee stock options

Shares acquired 59,658 shares Common shares received from option exercise on September 15, 2026

Shares withheld 42,242 shares Shares withheld to pay option exercise price and tax withholding obligations

Withholding reference price $2.65 per share Per-share value used for shares withheld for exercise price and taxes

Option status Fully vested Status of the employee stock option at the time of exercise

Key Terms

net exercise, tax withholding obligations, withheld by the Issuer, discretionary trade

4 terms

net exercise financial

"used a portion of the shares to pay the option exercise price and cover tax withholding obligations via a net exercise"

A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.

tax withholding obligations financial

"pay the option exercise price and cover tax withholding obligations via a net exercise"

withheld by the Issuer financial

"Represents the number of shares withheld by the Issuer to satisfy the exercise price"

discretionary trade financial

"This does not represent a discretionary trade by the Reporting Person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did OPEN’s CFO Christina Schwartz do in this Form 4 transaction?

She exercised 59,658 stock options for Opendoor Technologies Inc. common stock on September 15, 2026, at an exercise price of $0.97 per share, receiving an equivalent number of common shares according to the filing.

How many OPEN shares were withheld to cover exercise price and taxes?

A total of 42,242 common shares were withheld by Opendoor Technologies Inc. to satisfy the option exercise price and tax withholding obligations in connection with the net settlement of the stock options.

Did the OPEN CFO sell shares in the open market in this Form 4?

The filing states the withheld 42,242 shares represent payment of the exercise price and tax withholding obligations and “does not represent a discretionary trade” by the reporting person, indicating no open-market sale was reported.

What was the exercise price of the options in the OPEN CFO’s transaction?

The reported stock options exercised by the OPEN Chief Financial Officer had an exercise price of $0.97 per share, and they were described as fully vested as of the transaction.

At what price were the withheld OPEN shares valued?

The Opendoor Technologies Inc. filing reports that the 42,242 withheld shares used to cover the option exercise price and tax withholding obligations were valued at $2.65 per share for that purpose.

Was the OPEN CFO’s option exercise under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for these transactions involving the Opendoor Technologies Inc. Chief Financial Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:34 PM Accepted by SEC EDGAR 09/16/2026 - 04:34 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schwartz Christina

(Last) (First) (Middle)

1295 WEST WASHINGTON STREET, SUITE 115

(Street)

TEMPE ARIZONA 85288

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2026		M		59,658	A(1)	$0.97	3,829,524	D
Common Stock	09/15/2026		F		42,242(2)	D(1)	$2.65	3,787,282	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option	$0.97	09/15/2026		M			59,658	(3)	09/27/2026	Common Stock	59,658	$0	0	D

Explanation of Responses:

1. The Reporting Person exercised stock options and used a portion of the shares to pay the option exercise price and cover tax withholding obligations via a net exercise by electing to have the Issuer withhold shares otherwise deliverable after the stock option exercise. The Reporting Person retained all of the remaining shares.

2. Represents the number of shares withheld by the Issuer to satisfy the exercise price and tax withholding obligations in connection with the net settlement of the stock options. This does not represent a discretionary trade by the Reporting Person.

3. The option is fully vested.

Remarks:

	/s/ Rishi Kotiya, Attorney-in-fact	09/16/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)