{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-034609","form_type":"8-K","ticker":"OPEN","cik":"0001801169","company_name":"Opendoor Technologies Inc.","filed_at":"2025-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.031283+00:00","generated_at":"2026-05-17T06:53:45.868329+00:00","sec_items":["3.02","5.02","7.01","8.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Opendoor names Shopify COO Kaz Nejatian CEO; founders Rabois, Wu return; $40M PIPE","bullets":["Appoints Kaz Nejatian (former Shopify COO) as CEO, effective by Oct 7, 2025.","Co-founders Keith Rabois (Chairman) and Eric Wu rejoin Board; two directors resign.","Khosla Ventures and Eric Wu invest $40M in PIPE; shares issued at ~$6.65 per share.","CEO compensation: $1 salary, no bonus; 81.8M performance-based RSUs with stock price hurdles up to $33.","Make-whole awards of $30M ($15M cash + $15M RSU) vest after 9 months of service."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-034609","json":"https://secwatch.observer/filing/0001140361-25-034609.json","markdown":"https://secwatch.observer/filing/0001140361-25-034609.md","text":"https://secwatch.observer/filing/0001140361-25-034609.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801169/000114036125034609/0001140361-25-034609-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801169/000114036125034609/ef20055426_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:53:45.868329+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"268616d965414a89f63d97d4a91f7306816d5ea3","claim":"Opendoor Technologies Inc. issued 751,879 shares of Common Stock of common stock to Eric Wu for aggregate investment of $5 million.","evidence_excerpt":"On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000114036125034609/0001140361-25-034609-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"751,879 shares of Common Stock"},{"label":"Purchaser","value":"Eric Wu"},{"label":"Consideration","value":"aggregate investment of $5 million"}],"fact_type":"equity_issuance"},{"claim_id":"83fef268a3c972e2a1bb827a1c427c708e6182cd","claim":"Opendoor Technologies Inc. issued 150,375 shares of Common Stock of common stock to certain other purchasers for aggregate investment of $1 million.","evidence_excerpt":"On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000114036125034609/0001140361-25-034609-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"150,375 shares of Common Stock"},{"label":"Purchaser","value":"certain other purchasers"},{"label":"Consideration","value":"aggregate investment of $1 million"}],"fact_type":"equity_issuance"},{"claim_id":"9ae10d4fef9da839c18df6473c803c2c68b47e68","claim":"Opendoor Technologies Inc. issued 5,263,158 shares of Common Stock of common stock to Khosla Ventures Opportunity III, LP for aggregate investment of $35 million.","evidence_excerpt":"On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801169/000114036125034609/0001140361-25-034609-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"5,263,158 shares of Common Stock"},{"label":"Purchaser","value":"Khosla Ventures Opportunity III, LP"},{"label":"Consideration","value":"aggregate investment of $35 million"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}