Opendoor Technologies Inc.: management transactions · United States · SEC (Form 4)

About Opendoor Technologies Inc.

Opendoor Technologies Inc. is a U.S.-based residential real estate technology company listed on the NASDAQ market in the United States. It is one of the best-known names in the iBuyer segment, offering homeowners a digital way to sell a house quickly by receiving a cash offer, then allowing Opendoor to renovate and resell the property to a final buyer. Founded in 2014 and headquartered in San Francisco, California, United States, the company’s core value proposition is to simplify a traditionally slow, fragmented and uncertain home-selling process through a more transparent, data-driven and flexible online experience. ([opendoor.com](https://www.opendoor.com/about?utm_source=openai)) Opendoor’s business model centers on buying single-family homes, performing any required repairs or improvements, and reselling those homes into the market. The company also provides digital transaction tools and adjacent services designed to streamline the home-buying and home-selling journey. According to recent company materials, Opendoor operates in more than 50 markets across the United States and now buys homes in every postal code in the lower 48 states where single-family homes are available. That broad geographic footprint is strategically important, but it also means the business remains highly exposed to housing-cycle conditions, mortgage-rate volatility, and the company’s pricing discipline on inventory. ([help.opendoor.com](https://help.opendoor.com/general/what-is-opendoor?utm_source=openai)) From a competitive standpoint, Opendoor stands out for its brand recognition, national scale and operational reach within the single-family home transaction market. The company describes itself as the largest iBuyer in the United States, which gives it a strong position in a still-niche category compared with the much larger traditional real estate market. However, the financial profile remains challenging: Opendoor’s latest annual report shows continuing annual net losses, underscoring the sensitivity of the model to home inventory management, financing costs and resale velocity. For investors, that means the stock combines technology-platform optionality with real-estate-cycle risk. ([opendoor.com](https://www.opendoor.com/articles/how-does-opendoor-make-money?utm_source=openai)) Recent milestones are also notable. Opendoor announced fourth-quarter and full-year 2025 results on February 19, 2026. The company also disclosed that it regained compliance with Nasdaq’s minimum bid price requirement on August 1, 2025, which was an important technical development for listing stability and market confidence. In addition, management changed in 2025: Opendoor appointed Kaz Nejatian as CEO, while founders Keith Rabois and Eric Wu rejoined the board, signaling a renewed strategic push and a more founder-influenced governance structure. For French-speaking investors, Opendoor should therefore be viewed as a U.S. NASDAQ-listed real estate technology name with a differentiated brand, national footprint, and meaningful execution risk. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1801169/000180116926000009/open-20260219.htm?utm_source=openai))