Opendoor Technologies Inc. filed a Form 8-K on October 29, 2026, disclosing the appointment of Michael Alfred to its Board of Directors, effective October 29, 2026.

Key Highlights

  • New director appointed: Michael Alfred was appointed as a Class I director, with a term expiring at the Company's 2027 annual meeting of stockholders.
  • Committee assignment: Alfred was also appointed to the Nominating and Corporate Governance Committee, effective October 29, 2026.
  • Equity award: Alfred was granted 45,268 restricted stock units under the Company's 2020 Incentive Award Plan, representing a prorated annual equity award vesting in full on the date of the 2027 annual meeting, subject to continued service.
  • Independence determination: The Board determined that Alfred is independent under the listing standards of the Nasdaq Stock Market.
  • Current roles: Alfred is the Founder and Managing Partner of Alpine Fox LP, a private investment partnership focused on value equities and Bitcoin, which he founded in January 2023.
  • No related-party issues: According to the filing, there are no arrangements or understandings pursuant to which Alfred was selected, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Michael Alfred Joins Opendoor Board as Class I Director

Opendoor Technologies Inc. (NASDAQ:OPEN) disclosed in an 8-K filed October 29, 2026, that its Board of Directors approved the appointment of Michael Alfred as a Class I director, effective that same date. The appointment was approved on October 28, 2026, according to the filing. Alfred's term is set to expire at the Company's 2027 annual meeting of stockholders, at which point he would be subject to re-election.

In connection with the appointment, Alfred received 45,268 restricted stock units under the Company's 2020 Incentive Award Plan. The filing described this grant as "a prorated annual equity award," which will vest in full on the date of the 2027 annual meeting, subject to his continued service. Alfred will also be compensated on the same basis as other non-employee directors, as described in the Company's definitive proxy statement for its 2026 annual meeting, filed with the SEC on April 28, 2026. He has entered into the Company's standard form of indemnification agreement for directors and officers.

According to the filing, Alfred brings experience across financial technology, data services, and digital assets. He is the Founder and Managing Partner of Alpine Fox LP, which he founded in January 2023. He has served on the board of IREN Limited (Nasdaq: IREN) since October 2021 and on the board of Bakkt Holdings, Inc. (NYSE: BKKT) since September 2025. Previously, he co-founded Digital Assets Data, Inc. and served as its Chief Executive Officer from January 2018 until its sale to New York Digital Investment Group LLC in November 2020. Before that, he was a Managing Director at Strategic Insight, Inc., and co-founded BrightScope, Inc., serving as its Chief Executive Officer from February 2008 until its acquisition by Strategic Insight in October 2016. Alfred holds a B.A. in History from Stanford University.

What Was Disclosed

Opendoor Technologies filed an 8-K reporting the Board appointment of Michael Alfred as a Class I director and member of the Nominating and Corporate Governance Committee, along with a grant of 45,268 restricted stock units and a Board independence determination, all effective October 29, 2026.