secwatch.observer — SEC 8-K summary
======================================

Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001193125-22-296662
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor CEO Eric Wu transitions to President, Marketplace; CFO Carrie Wheeler becomes CEO
--------------------------------------------------------------------------------

- Carrie Wheeler appointed CEO and to Board, effective Dec 1; previously CFO since Dec 2020.
- Eric Wu resigned as CEO, named President, Marketplace; forfeited unvested RSUs.
- Christy Schwartz named interim CFO; previously Chief Accounting Officer since March 2021.
- President Andrew Low Ah Kee resigned; will serve as advisor through Q1 2023.
- Wheeler receives $750k base salary, $250k target bonus, and $25M RSU grant vesting over 4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000119312522296662/0001193125-22-296662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000119312522296662/d429358d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-296662

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