OPEN Form 4: Director acquires 300,752 shares; holdings reach 1.95M

Rhea-AI Filing Summary

Opendoor Technologies director Eric Chung-Wei Wu purchased 300,752 shares of OPEN common stock on 09/26/2025 at $6.65 per share under a private Stock Purchase Agreement. Following the transaction he beneficially owns 1,950,636 shares. The purchase was made in an offering exempt from registration under Section 4(a)(2) and Regulation D, and the shares are restricted with transfer limitations until they are registered or otherwise become eligible for resale. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Director-level purchase of 300,752 shares, demonstrating additional insider acquisition
• Post-transaction beneficial ownership increased to 1,950,636 shares

Negative

• Shares are restricted and subject to transfer limitations until registered or eligible for resale

Insights

Securities Analyst

TL;DR: A company director executed a sizable private purchase, increasing beneficial ownership to nearly 2.0 million shares.

The transaction shows a director-level acquisition of 300,752 shares at $6.65 via a private exempt placement, raising total beneficial holdings to 1,950,636 shares. This is a direct purchase reported on Form 4 and the shares are restricted pending registration or resale eligibility. From a market-impact perspective, the filing documents insider activity but does not disclose financing terms beyond price or any change to compensation or option grants.

Corporate Governance Expert

TL;DR: Insider purchase by a director is disclosed; restrictions limit immediate transferability.

The disclosure identifies the reporting person as a director and confirms the acquisition occurred under a Stock Purchase Agreement exempt from registration. The existence of transfer restrictions is material to liquidity of the shares but is explicitly stated. The filing is routine in form and provides the required detail for Section 16 reporting without additional corporate governance actions described.

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).

1. Name and Address of Reporting Person^*

Wu Eric Chung-Wei

(Last) (First) (Middle)

410 N. SCOTTSDALE ROAD, SUITE 1000

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. 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 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	09/26/2025		P(1)		300,752	A	$6.65	1,950,636	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

Explanation of Responses:

1. The Reporting Person purchased the shares pursuant to a Stock Purchase Agreement by and between the Issuer and the Reporting Person in an offering exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D thereunder. The shares are restricted securities subject to transfer restrictions until such time that they are registered pursuant to a registration statement or become eligible for resale otherwise.

Remarks:

	/s/ Sydney Schaub, Attorney-in-fact	09/30/2025
	** 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 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.

FAQ

What did the Opendoor (OPEN) Form 4 filed by Eric Chung-Wei Wu disclose?

The Form 4 disclosed a purchase of 300,752 shares at $6.65 per share on 09/26/2025 and that the reporting person now beneficially owns 1,950,636 shares.

How were the OPEN shares purchased by the director acquired?

The shares were purchased under a Stock Purchase Agreement in an offering exempt from registration under Section 4(a)(2) and Regulation D.

Are the shares purchased by the OpenDoor director freely tradable?

No. The filing states the shares are restricted and subject to transfer restrictions until registered or otherwise eligible for resale.

When was the transaction reported on the Form 4 for OPEN?

The transaction date was 09/26/2025 and the Form 4 filing bears an attorney-in-fact signature dated 09/30/2025.

What is the reporting person’s relationship to Opendoor?

Eric Chung-Wei Wu is reported as a Director in the Form 4.