secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001140361-25-035480
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor appoints Christy Schwartz interim CFO, replacing Selim Freiha effective Sept 30, 2025
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- Selim Freiha departs as CFO effective Sept 19, 2025 by mutual agreement.
- Christy Schwartz named interim CFO from Sept 30, 2025 through May 15, 2026 or 30 days after new CFO hired.
- Schwartz receives $1.2M base salary and 400,641 RSUs vesting in three equal installments (Nov 15, 2025, Feb 15, 2026, May 15, 2026).
- She previously served as interim CFO (Dec 2022–Nov 2024) and Chief Accounting Officer (Mar 2021–May 2025).
- Severance: lump sum cash payment and accelerated RSU vesting if terminated without cause before May 15, 2026 or after new CFO hired.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125035480/0001140361-25-035480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125035480/ef20055829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-035480

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