---
schema_version: "secwatch.filing_event.v1"
accession: "0001801169-22-000070"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:35:51.306115+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Opendoor settles FTC allegations for $62M; records $41M additional accrual

## Summary
- Settlement with FTC for $62 million; payment expected in H2 2022.
- Company strongly disagrees with allegations but settles to resolve matter.
- Accrual balance increased to $62 million as of June 30, 2022, from prior $41M.
- Allegations relate to activity between 2017-2019; marketing messages modified years ago.
- Settlement subject to final FTC approval.

## SEC filing metadata
- accession: 0001801169-22-000070
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000070/0001801169-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000180116922000070/open-20220801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801169-22-000070
- JSON: https://secwatch.observer/filing/0001801169-22-000070.json
- Plain text: https://secwatch.observer/filing/0001801169-22-000070.txt

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