---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-314744"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2022-12-29T23:59:59+00:00"
generated_at: "2026-06-20T21:59:59.537718+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Opendoor adopts Executive Severance Plan covering CEO, CFO, and key employees

## Summary
- Severance plan adopted Dec 22, 2022; CEO designated Tier 1 Executive, CFO and certain others Tier 2.
- On termination without cause or for good reason (non-CIC): Tier 1 gets base plus target bonus over 12 months, COBRA, equity acceleration of shares vesting within 12 months.
- On change-in-control termination: Tier 1 gets 1.5x base salary plus pro rata bonus over 18 months, COBRA, 100% acceleration of time-based equity.
- Benefits require release of claims and compliance with restrictive covenants; 280G cutback applies if excise tax triggered.

## SEC filing metadata
- accession: 0001193125-22-314744
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2022-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000119312522314744/0001193125-22-314744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000119312522314744/d432996d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-314744
- JSON: https://secwatch.observer/filing/0001193125-22-314744.json
- Plain text: https://secwatch.observer/filing/0001193125-22-314744.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.