Director Adam Bain gets Opendoor (OPEN) RSU grant in lieu of $62.5K fees

Rhea-AI Filing Summary

Bain Adam reported acquisition or exercise transactions in this Form 4 filing.

Opendoor Technologies Inc. director Adam Bain reported an award of 9,918 restricted stock units of Common Stock, granted at $0.00 per share. These RSUs were issued under the company’s Non-Employee Director Compensation Policy in lieu of $62,500.00 in retainer fees.

The RSUs vest in four substantially equal installments on the last trading day of each quarter in 2026, contingent on his continued service as a non-employee director through each vesting date. Following this grant, Bain directly holds 467,367 shares of Common Stock.

The filing also notes indirect holdings of 225,000 shares by 010118 Management, L.P. and 2,543,272 shares by 01 Advisors 01 L.P. Bain may be deemed a beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

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
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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^*

Bain Adam

(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		9,918(1)	A	$0	467,367	D
Common Stock								225,000	I	By: 010118 Management, L.P.(2)
Common Stock								2,543,272	I	By: 01 Advisors 01 L.P.(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)
				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 $62,500.00. 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.

2. On the basis of the reporting person's relationship with 010118 Management, L.P. ("010118") and 01 Advisors 01 L.P. ("01 Advisors"), the reporting person may be deemed a beneficial owner of the shares of the Company's Common Stock held by 010118 and 01 Advisors. The reporting person disclaims beneficial ownership of the shares of the Company's Common Stock held by 010118 and 01 Advisors, except to the extent of his pecuniary interest therein.

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 Adam Bain report in this Opendoor (OPEN) Form 4 filing?

Adam Bain reported receiving 9,918 restricted stock units of Opendoor Common Stock. The units were granted at no cash cost as part of the Non-Employee Director Compensation Policy, in lieu of $62,500.00 in director retainer fees for 2026.

How do Adam Bain’s new Opendoor RSUs vest according to the Form 4?

The 9,918 Opendoor RSUs vest in four substantially equal installments during 2026. Vesting occurs on the last trading day of each quarter, and each installment requires Adam Bain’s continued service as a non-employee director through the applicable vesting date.

How many Opendoor shares does Adam Bain directly hold after this Form 4?

After the reported RSU award, Adam Bain directly holds 467,367 shares of Opendoor Common Stock. This total reflects his direct ownership position as of the transaction date disclosed, including the newly granted restricted stock units subject to vesting conditions in 2026.

What indirect Opendoor holdings are associated with Adam Bain in this filing?

The filing lists 225,000 Opendoor shares held by 010118 Management, L.P. and 2,543,272 shares held by 01 Advisors 01 L.P. Due to his relationship with these entities, Bain may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest.

Did Adam Bain buy or sell Opendoor (OPEN) shares for cash in this Form 4?

The Form 4 shows a grant or award acquisition of 9,918 restricted stock units at $0.00 per share, not an open-market cash purchase or sale. The transaction reflects equity-based director compensation rather than a traditional buy or sell trade.

Why did Opendoor grant RSUs to Adam Bain instead of paying cash fees?

The RSUs were issued under Opendoor’s Non-Employee Director Compensation Policy in lieu of $62,500.00 in retainer fees. This structure compensates Bain with equity that vests over time, aligning his interests with shareholders while replacing what would otherwise be cash director fees.