Jane Street Group, LLC and its affiliates have filed Amendment No. 2 to a Schedule 13G for Opendoor Technologies Inc., reporting passive beneficial ownership of 28,652,374.07 shares of common stock, equal to 3.0% of the class.
The percentage is calculated against 962,541,563 shares, which includes 953,788,119 shares outstanding as of November 18, 2025 plus shares acquirable through convertible bonds and warrants held by Jane Street entities. The filing attributes shared voting and dispositive power to Jane Street Capital, LLC, Jane Street Options, LLC and Jane Street Global Trading, LLC, while Jane Street Singapore Pte. Ltd reports no holdings.
The filers state they own 5 percent or less of the class and certify the securities were not acquired and are not held to change or influence control of Opendoor, but instead on a passive-investor basis.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Opendoor Technologies Inc.
(Name of Issuer)
Common stock, $0.0001 par value per share
(Title of Class of Securities)
683712103
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
683712103
1
Names of Reporting Persons
JANE STREET GROUP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
28,652,374.07
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,652,374.07
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,652,374.07
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: The holding percentage calculation is based on a total of 962,541,563 shares outstanding which includes (1) 953,788,119 Common Stock outstanding as of November 18, 2025, as indicated in the issuer's prospectus published on November 21, 2025; (2) 8,750,000 shares acquirable by Jane Street Global Trading, LLC through conversion of convertible bonds held; and (3) 3,444 shares acquirable by Jane Street Capital, LLC through conversion of warrants held.
SCHEDULE 13G
CUSIP No.
683712103
1
Names of Reporting Persons
Jane Street Capital, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,159,644.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,159,644.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,159,644.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
BD
Comment for Type of Reporting Person: The holding percentage calculation is based on a total of 962,541,563 shares outstanding which includes (1) 953,788,119 Common Stock outstanding as of November 18, 2025, as indicated in the issuer's prospectus published on November 21, 2025; (2) 8,750,000 shares acquirable by Jane Street Global Trading, LLC through conversion of convertible bonds held; and (3) 3,444 shares acquirable by Jane Street Capital, LLC through conversion of warrants held.
SCHEDULE 13G
CUSIP No.
683712103
1
Names of Reporting Persons
Jane Street Options, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,774,012.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,774,012.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,774,012.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.3 %
12
Type of Reporting Person (See Instructions)
BD
Comment for Type of Reporting Person: The holding percentage calculation is based on a total of 962,541,563 shares outstanding which includes (1) 953,788,119 Common Stock outstanding as of November 18, 2025, as indicated in the issuer's prospectus published on November 21, 2025; (2) 8,750,000 shares acquirable by Jane Street Global Trading, LLC through conversion of convertible bonds held; and (3) 3,444 shares acquirable by Jane Street Capital, LLC through conversion of warrants held.
SCHEDULE 13G
CUSIP No.
683712103
1
Names of Reporting Persons
Jane Street Global Trading, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,718,718.07
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,718,718.07
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,718,718.07
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The holding percentage calculation is based on a total of 962,541,563 shares outstanding which includes (1) 953,788,119 Common Stock outstanding as of November 18, 2025, as indicated in the issuer's prospectus published on November 21, 2025; (2) 8,750,000 shares acquirable by Jane Street Global Trading, LLC through conversion of convertible bonds held; and (3) 3,444 shares acquirable by Jane Street Capital, LLC through conversion of warrants held.
SCHEDULE 13G
CUSIP No.
683712103
1
Names of Reporting Persons
Jane Street Singapore Pte. Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The holding percentage calculation is based on a total of 962,541,563 shares outstanding which includes (1) 953,788,119 Common Stock outstanding as of November 18, 2025, as indicated in the issuer's prospectus published on November 21, 2025; (2) 8,750,000 shares acquirable by Jane Street Global Trading, LLC through conversion of convertible bonds held; and (3) 3,444 shares acquirable by Jane Street Capital, LLC through conversion of warrants held.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Opendoor Technologies Inc.
(b)
Address of issuer's principal executive offices:
410 N. SCOTTSDALE ROAD, SUITE 1000, 410 N. SCOTTSDALE ROAD, SUITE 1000, TEMPE, ARIZONA, 85288.
Item 2.
(a)
Name of person filing:
Jane Street Group, LLC;
Jane Street Capital, LLC;
Jane Street Options, LLC;
Jane Street Global Trading, LLC;
Jane Street Singapore Pte. Ltd
(b)
Address or principal business office or, if none, residence:
Jane Street Group, LLC
250 Vesey Street
6th Floor
New York, NY 10281
Jane Street Capital, LLC
250 Vesey Street
6th Floor
New York, NY 10281
Jane Street Options, LLC
250 Vesey Street
6th Floor
New York, NY 10281
Jane Street Global Trading, LLC
250 Vesey Street
6th Floor
New York, NY 10281
Jane Street Singapore Pte. Ltd
4/F, Ocean Financial Centre 10 Collyer Quay
Singapore 049315
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common stock, $0.0001 par value per share
(e)
CUSIP No.:
683712103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
28,652,374.07
(b)
Percent of class:
3.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
28,652,374.07
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
28,652,374.07
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Subsidiary
Jane Street Capital, LLC
Jane Street Options, LLC
Jane Street Global Trading, LLC
Jane Street Singapore Pte. Ltd
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in Opendoor Technologies Inc. does Jane Street report?
Jane Street Group and its affiliates report beneficial ownership of 28,652,374.07 Opendoor common shares, representing 3.0% of the class. This figure reflects shared voting and dispositive power across several Jane Street entities, as disclosed in the amended Schedule 13G filing.
Which Jane Street entities hold Opendoor (OPEN) shares according to this filing?
The filing lists Jane Street Group, LLC, Jane Street Capital, LLC, Jane Street Options, LLC, Jane Street Global Trading, LLC and Jane Street Singapore Pte. Ltd. The U.S. entities report shared voting and dispositive power over Opendoor shares, while Jane Street Singapore Pte. Ltd reports no holdings.
How did Jane Street calculate its 3.0% ownership of Opendoor stock?
The 3.0% figure is based on a total of 962,541,563 shares, including 953,788,119 Opendoor common shares outstanding as of November 18, 2025, plus shares acquirable by Jane Street entities through convertible bonds and warrants, as detailed in the ownership calculation comment.
Does Jane Street seek to influence control of Opendoor Technologies Inc.?
No. Jane Street certifies the Opendoor securities “were not acquired and are not held” for the purpose or effect of changing or influencing control of the issuer, and are not held in connection with any control-related transaction, consistent with a passive Schedule 13G filing.
What level of voting and dispositive power does Jane Street report over Opendoor shares?
Jane Street reports no sole voting or dispositive power and shared voting and dispositive power over 28,652,374.07 Opendoor shares. This means decisions regarding voting and disposition of these shares are made jointly through the listed Jane Street entities.
Why does the Schedule 13G/A for Opendoor state ownership of 5% or less?
Item 5 indicates Jane Street’s Opendoor stake is 5 percent or less of the class. The filing reports a 3.0% beneficial ownership, which places the position below the 5% threshold that typically triggers more extensive Schedule 13D control-oriented reporting requirements.
