Opendoor (NASDAQ: OPEN) grants director RSUs instead of $92,500 cash fees

Rhea-AI Filing Summary

Rabois Keith reported acquisition or exercise transactions in this Form 4 filing.

Opendoor Technologies Inc. director Keith Rabois received a grant of 14,679 restricted stock units (RSUs) of common stock as a non-cash board retainer. The award was issued in lieu of retainer fees of $92,500.00 under the company’s Non-Employee Director Compensation Policy.

The RSUs vest in four substantially equal installments on the last trading day of each quarter in 2026, as long as Rabois continues serving as a non-employee director through each vesting date. After this grant, he directly holds 630,088 shares of Opendoor common stock.

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

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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^*

Rabois Keith

(Last) (First) (Middle)

1295 WEST WASHINGTON STREET, SUITE 115

(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)
02/17/2026

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	02/17/2026		A		14,679	A	$0	630,088(1)	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. These restricted stock units ("RSUs") were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of retainer fees of $92,500.00. The RSUs vest in four substantially equal installments on the last trading day in each quarter occurring during 2026 subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.

Remarks:

	/s/ Christina Schwartz, Attorney-in-fact	02/19/2026
	** 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.

FAQ

What did Opendoor (OPEN) director Keith Rabois report in this Form 4?

Keith Rabois reported receiving 14,679 restricted stock units of Opendoor common stock. These RSUs were granted as part of his non-employee director compensation in lieu of $92,500.00 in cash retainer fees and follow a scheduled vesting during 2026.

How many Opendoor RSUs did Keith Rabois receive and what is their value?

He received 14,679 restricted stock units valued at $92,500.00 in total. The RSUs were issued instead of cash retainer fees under Opendoor’s Non-Employee Director Compensation Policy, aligning director compensation partly with the company’s equity performance over time.

What is the vesting schedule for Keith Rabois’ new Opendoor RSUs?

The 14,679 RSUs vest in four substantially equal installments during 2026. Vesting occurs on the last trading day of each quarter, and each installment is contingent on Rabois continuing to serve as a non-employee director through the relevant vesting date.

Did Keith Rabois buy or sell Opendoor shares for cash in this transaction?

No cash purchase or sale occurred; this was an equity grant. The Form 4 shows RSUs granted as compensation with a per-share transaction price of $0.0000, reflecting a non-cash grant award rather than an open-market or cash-settled transaction.

How many Opendoor shares does Keith Rabois own after this RSU grant?

Following the RSU award, Keith Rabois is reported to directly own 630,088 shares of Opendoor common stock. This figure reflects his direct beneficial ownership immediately after the reported grant transaction, according to the Form 4 filing details provided.

Why did Opendoor grant RSUs instead of cash fees to Keith Rabois?

The RSUs were issued under Opendoor’s Non-Employee Director Compensation Policy in lieu of $92,500.00 in retainer fees. Using equity instead of cash helps compensate directors while tying part of their pay directly to Opendoor’s stock performance over time.