Feder Eric 4

What Happened

• Eric Feder, a non-employee director of Opendoor Technologies, received a grant of 41,667 restricted stock units (RSUs) on 2026-06-11. The grant was reported as an acquisition at $0.00 per share (no cash paid at grant). Each RSU represents a contingent right to one share of Opendoor common stock upon vesting.
• This is an award under Opendoor’s non-employee director compensation policy (a routine, non-market transaction), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-11; filing date: 2026-06-15.
• Amount: 41,667 RSUs granted at $0.00 per share (total consideration reported $0).
• Vesting: RSUs vest on the earlier of (a) the date of Opendoor’s next annual meeting of stockholders or (b) June 11, 2027, subject to Feder’s continued service as a non-employee director (see footnote F1).
• Footnote F2: The filing notes certain reported shares are held by Len X, LLC (a wholly-owned subsidiary of Lennar); Feder is President of Len X, LLC and a minority shareholder of Lennar, and disclaims beneficial ownership except to the extent of his pecuniary interest.
• Shares owned after the transaction are not specified in this filing.

Context

• RSU grants to non-employee directors are a common form of compensation and do not necessarily signal a personal bullish or bearish view by the insider. RSUs convert to common shares only upon vesting, so there is no immediate increase in tradable shares outstanding for the director until vesting occurs.