Opendoor Technologies (OPEN) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on June 11, 2026, with stockholders able to vote and ask questions online.

• The company reports significant operational progress, including increased acquisition volumes, reduced operating expenses, and expanded AI use across business functions.

• Leadership transitions occurred in 2025, with a new CEO and several new executive appointments.

• The company emphasizes transparency, accountability, and active stockholder engagement, including new video earnings presentations and a real-time performance dashboard.

Voting matters and shareholder proposals

• Stockholders will vote on: (1) election of three Class III directors (David Benson, Eric Feder, Eric Wu) for terms expiring in 2029; (2) ratification of Deloitte & Touche LLP as independent auditor for 2026; (3) advisory approval of executive compensation (Say-on-Pay).

• The board recommends voting FOR all proposals.

• Stockholders can submit proposals for the 2027 annual meeting by December 29, 2026.

Board of directors and corporate governance

• The board consists of seven members, with five independent directors.

• Board committees (Audit and Risk, Compensation, Nominating) are composed entirely of independent directors.

• The board is divided into three staggered classes, with directors serving three-year terms.

• The company maintains robust governance practices, including annual board and committee self-evaluations, director orientation, and ongoing education.

• Stockholder rights include one class of common stock with one vote per share and no stockholder rights plan.