Opendoor Technologies (OPEN) Proxy Filing summary

Executive summary

• Special Meeting of Stockholders scheduled for July 28, 2025, to consider a reverse stock split proposal.

• Board recommends amending the Certificate of Incorporation to allow a reverse stock split at a ratio between 1-for-10 and 1-for-50, with the exact ratio to be determined at the Board's discretion.

• Reverse stock split aims to support long-term shareholder value and maintain Nasdaq listing compliance.

• Board retains authority to determine timing or abandon the split even if approved by shareholders.

Voting matters and shareholder proposals

• Shareholders are asked to approve amendments enabling a discretionary reverse stock split.

• Board will consider market conditions, trading price, and Nasdaq requirements before implementing the split.

Board of directors and corporate governance

• Board of Directors is actively recommending the reverse stock split and will determine the final ratio and timing.

• Directors and executive officers may participate in the proxy solicitation.

• Information on directors and executive officers is available in the 2025 Annual Meeting Definitive Proxy Statement.