Opendoor Technologies (OPEN) director entity receives 41,667 RSUs award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Opendoor Technologies Inc. reported that Len X, LLC, an entity associated with director Eric Feder, acquired 41,667 shares of common stock through a restricted stock unit (RSU) award under the non-employee director compensation policy. The award was granted at no cash cost and is subject to time-based vesting.

Each RSU represents a right to receive one share of common stock and will fully vest on the earlier of the company’s next annual stockholder meeting or June 11, 2027, assuming continued board service. Following this grant, Len X, LLC’s indirect holdings reported for Feder total 254,202 shares, with Feder disclaiming beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Feder Eric

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	41,667	$0.00	--

Holdings After Transaction: Common Stock — 254,202 shares (Indirect, Len X, LLC)

Footnotes (1)

Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 11, 2027, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date. The reported shares are owned by Len X, LLC, a wholly-owned subsidiary of Lennar Corporation. The Reporting Person is the President of Len X, LLC. The Reporting Person is a minority shareholder of Lennar Corporation, owning less than one percent of Lennar Corporation's outstanding shares. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Key Figures

RSU grant size: 41,667 shares Grant price: $0.00 per share Holdings after grant: 254,202 shares +2 more

5 metrics

RSU grant size 41,667 shares Restricted stock unit award to entity associated with director

Grant price $0.00 per share Compensation grant, not an open-market purchase

Holdings after grant 254,202 shares Indirect Opendoor common stock held by Len X, LLC after transaction

RSU full vesting date June 11, 2027 RSUs vest earlier of next annual meeting or this date

Lennar ownership by Feder Less than 1% Feder’s minority share of Lennar Corporation outstanding shares

Key Terms

restricted stock unit ("RSU"), time-based vesting, non-employee director compensation policy, pecuniary interest, +1 more

5 terms

restricted stock unit ("RSU") financial

"Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person"

time-based vesting financial

"award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

non-employee director compensation policy financial

"award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy"

pecuniary interest financial

"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"

wholly-owned subsidiary financial

"The reported shares are owned by Len X, LLC, a wholly-owned subsidiary of Lennar Corporation"

A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 04:37 PM

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^*

Feder Eric

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/11/2026		A		41,667⁽¹⁾	A	$0	254,202	I	Len X, LLC⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 11, 2027, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date.

2. The reported shares are owned by Len X, LLC, a wholly-owned subsidiary of Lennar Corporation. The Reporting Person is the President of Len X, LLC. The Reporting Person is a minority shareholder of Lennar Corporation, owning less than one percent of Lennar Corporation's outstanding shares. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Christina Schwartz, Attorney-in-fact	06/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did the Opendoor (OPEN) Form 4 filing report for Eric Feder?

The filing reports that an entity associated with director Eric Feder, Len X, LLC, acquired 41,667 Opendoor common shares via a restricted stock unit award. This was compensation under the non-employee director policy rather than an open-market purchase and involved no cash paid per share.

How many Opendoor (OPEN) shares are held after this RSU grant?

After the reported RSU grant, Len X, LLC is shown holding 254,202 Opendoor common shares indirectly for Eric Feder. This total reflects the position reported in the Form 4 following the award and does not describe any open-market buying or selling activity.

What is the vesting schedule for Eric Feder’s Opendoor (OPEN) RSUs?

The 41,667 restricted stock units fully vest on the earlier of Opendoor’s next annual stockholder meeting or June 11, 2027. Vesting is conditioned on Eric Feder’s continued service as a non-employee director through the applicable vesting date, according to the compensation policy.

Who legally owns the Opendoor (OPEN) shares in this Form 4 filing?

The reported Opendoor shares are owned by Len X, LLC, a wholly owned subsidiary of Lennar Corporation, where Eric Feder serves as president. Feder disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, meaning his economic stake may be limited.

Is the Opendoor (OPEN) transaction a market purchase by Eric Feder?

No, the transaction is a grant of 41,667 restricted stock units as director compensation, not a market purchase. The reported price per share is zero, indicating an award rather than a buy order, and the shares are held indirectly through Len X, LLC, linked to Lennar Corporation.