Welcome to our dedicated page for Opendoor Technologies SEC filings (Ticker: OPEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Opendoor Technologies Inc.'s SEC filings document results of operations, Regulation FD disclosures, governance matters, and capital-structure actions for its residential real estate transaction platform. Form 8-K filings furnish quarterly and annual earnings releases, earnings supplements, supplemental macroeconomic charts, disclosure-channel updates, executive appointment records, material agreements, and share issuance matters under shelf registration statements.
Proxy materials describe annual meeting mechanics, stockholder voting matters, and governance practices. Capital-structure filings cover Opendoor common stock and its Series K, Series A, and Series Z warrants, including warrant-agreement terms and Nasdaq-listed warrant securities.
Opendoor Technologies Inc. is reshaping its leadership team by appointing Lucas Matheson as President, expected to start December 22, 2025, while Shrisha Radhakrishna steps down from the President role and continues as Chief Technology and Product Officer.
Matheson, formerly CEO of Coinbase Canada and a senior leader at Shopify, will receive a base salary of $500,000, a $200,000 sign-on bonus subject to one-year repayment conditions, and eligibility under the company’s Executive Severance Plan as a Tier 2 Executive.
The company also named longtime finance leader Christy Schwartz as Chief Financial Officer effective January 1, 2026, with a base salary of $1,200,000 through May 15, 2026 and $500,000 thereafter, plus a $100,000 sign-on bonus and an additional payment equal to the difference between $1,200,000 and her salary from September 18, 2025 through May 15, 2026.
Both executives will receive performance restricted stock unit awards: Matheson is slated for two PRSU grants each initially valued at $6,000,000, and Schwartz for two grants of 1,695,000 PRSUs each, all tied to continued employment and stock price hurdles starting at an average closing price of $6.24, with additional targets at $9, $13, $17, $21, $25, $29 and $33 through 2030.
Opendoor Technologies Inc. registered up to 99,295,146 shares of common stock issuable upon exercise of new Warrants distributed as a dividend to existing stockholders and certain holders of its convertible notes. Each stockholder of record on November 18, 2025 received three series of Warrants—Series K, Series A, and Series Z—at a rate of one Warrant of each series for every 30 common shares held, with no cash cost to receive the Warrants. The Warrants carry exercise prices of $9.00 for Series K, $13.00 for Series A, and $17.00 for Series Z, are currently cash‑exercise only, and are scheduled to expire on November 20, 2026, subject to possible early expiration based on the company’s share price performance. The Warrants are expected to trade on Nasdaq under the symbols OPENW, OPENL, and OPENZ, and the company may receive proceeds in the future if holders choose to exercise them.
Opendoor Technologies Inc. is registering up to 99,295,146 shares of common stock issuable upon exercise of three series of warrants that were distributed at no charge to existing stockholders and holders of its 7.000% Convertible Senior Notes due 2030 as of November 18, 2025.
Holders received one Series K, one Series A, and one Series Z warrant for every 30 shares (or equivalent note interest), each initially exercisable for one share at cash exercise prices of $9.00, $13.00 and $17.00, respectively, with expiration on November 20, 2026 subject to early-termination triggers and possible alternate expiration dates.
Opendoor had 953,788,119 shares outstanding as of the record date, and if all 99,295,146 warrants issued in the distribution are exercised for cash, total shares outstanding would rise to 1,053,083,265 and the company expects to receive approximately $1.27 billion in gross proceeds for general corporate purposes.
Opendoor Technologies Inc. (OPEN) interim Chief Financial Officer Christina Schwartz reported a sale of common stock in a Form 4 filing. On 11/17/2025, she sold 73,951 shares of Opendoor common stock at a weighted average price of $7.8966 per share in a transaction coded "S". The filing explains that the sale was made under a mandatory sell-to-cover taxes program tied to the vesting of restricted stock units, implemented by the board’s compensation committee, and does not represent a discretionary trade by the reporting person. After this transaction, she beneficially owns 528,462 shares of Opendoor common stock directly.
Opendoor Technologies Inc. (OPEN) filed an initial ownership report for its Chief Operating Officer. The filing states that, as of the reported event date of 11/05/2025, the reporting officer does not beneficially own any Opendoor securities. Both the non-derivative and derivative ownership tables are effectively blank, and the remarks section confirms that no securities are beneficially owned. The form is filed by a single reporting person and includes a power of attorney authorizing an attorney-in-fact to sign on the officer's behalf.
Opendoor Technologies Inc. (OPEN) reported that its Interim Chief Financial Officer, Christina Schwartz, received an award of 400,641 restricted stock units (RSUs) of common stock on 11/11/2025. The RSUs were granted at a price of $0 and are subject to time-based vesting. One-third of the RSUs will vest on November 15, 2025, one-third on February 15, 2026, and one-third on May 15, 2026. Following this grant, the reporting person beneficially owns 602,413 shares of Opendoor common stock held directly.
Opendoor Technologies (OPEN) reported an insider purchase by its Chief Executive Officer and director. On 11/11/2025, the reporting person bought 125,000 shares of common stock in open‑market transactions at a weighted‑average price of $8.0365.
Following the purchase, the reporting person beneficially owned 83,478,299 shares, held directly. The filing notes the buys were executed in multiple trades at prices ranging from $7.97 to $8.08, and that full trade‑by‑trade details are available upon request.
Opendoor Technologies Inc. filed a prospectus supplement registering the issuance and sale of 180,580,200 shares of common stock at $6.56 per share under its effective Form S-3 shelf. The shares are being sold pursuant to share purchase agreements dated November 6, 2025, meaning the company is the seller and would receive the offering proceeds.
The company also filed a Latham & Watkins LLP legal opinion as Exhibit 5.1 confirming the validity of the common shares covered by the prospectus supplement, which is incorporated by reference into the registration statement.
Opendoor Technologies Inc. (OPEN) launched a registered direct primary offering of 180,580,200 shares of common stock at $6.56 per share. The stated offering price matches the last reported sale price on November 6, 2025. Gross proceeds are $1,184,606,112, with estimated net proceeds of approximately $1.2 billion, before applying them as described.
The company has agreed to use the net proceeds to repurchase $263,524,000 principal amount of its 7.000% Convertible Senior Notes due 2030 for an aggregate repurchase price of approximately $1.2 billion. As a result, Opendoor expects no net proceeds and no material impact on its cash position. The offering and the notes repurchase are cross‑conditional.
Settlement is expected on or about November 13, 2025 on a T+5 cycle. Shares outstanding are expected to be 952,114,257 immediately after the offering. For context, shares outstanding were 771,534,057 as of September 30, 2025.