secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001140361-25-031416
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Carrie Wheeler steps down as Opendoor CEO; Shrisha Radhakrishna named President & interim principal executive officer
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- Carrie Wheeler resigned as CEO and Board member effective Aug 15, 2025; not due to any disagreement with the Company.
- Shrisha Radhakrishna appointed President and interim principal executive officer, reporting to the Board.
- Board conducting comprehensive search for permanent CEO; Eric Feder appointed Lead Independent Director.
- Wheeler entered Advisory Agreement through Dec 31, 2025, with $62,500/month cash and continued equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125031416/0001140361-25-031416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125031416/ef20054058_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-031416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer