Opendoor Technologies Inc. filed a Form 8-K/A on November 2, 2026, amending its October 29, 2026 current report to correct the number of restricted stock units granted to newly appointed board director Michael Alfred.

Key Highlights

  • Amendment purpose: The filing revises the RSU count disclosed for Michael Alfred following his October 29, 2026 appointment to the Opendoor Technologies Board of Directors.
  • Corrected RSU grant: Alfred was granted 57,834 restricted stock units under the Company's 2020 Incentive Award Plan, described as a prorated annual equity award.
  • Vesting schedule: The RSUs will vest in full on the date of the Company's 2027 annual meeting of stockholders, subject to Alfred's continued service.
  • Committee assignment: Alfred was appointed to the Nominating and Corporate Governance Committee, effective October 29, 2026, and was classified as a Class I director with a term expiring at the 2027 annual meeting.
  • Independence determination: The Board determined that Alfred is independent under the listing standards of the Nasdaq Stock Market.
  • No other changes: According to the filing, "nothing disclosed in the Original Report has changed and no other sections of the Original Report have been amended."

Revised RSU Award for Opendoor's Newly Appointed Director

Opendoor Technologies Inc. (NASDAQ:OPEN) filed this amendment to correct a calculation error in the number of restricted stock units awarded to Michael Alfred upon his appointment to the company's board. The original Form 8-K was filed October 29, 2026, one day after the Board approved Alfred's appointment on October 28, 2026. The amended filing states the corrected figure is 57,834 RSUs, representing a prorated annual equity award granted under the Company's 2020 Incentive Award Plan.

According to the filing, Alfred was named a Class I director and assigned to the Nominating and Corporate Governance Committee. He will be compensated on the same basis as other non-employee directors, as described in the company's definitive proxy statement filed with the SEC on April 28, 2026. Alfred also entered into the company's standard form of indemnification agreement for directors and officers in connection with his appointment.

The filing describes Alfred as 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. He has previously served in board and executive roles at several companies, including as co-founder and Chief Executive Officer of Digital Assets Data, Inc. and BrightScope, Inc. The filing states there are no arrangements or understandings between Alfred and any other person pursuant to which he was selected as a director, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

What Was Disclosed

Opendoor Technologies amended its prior 8-K to correct the RSU count granted to new board member Michael Alfred, fixing it at 57,834 units vesting at the 2027 annual meeting. All other disclosures in the original report remain unchanged, according to the filing.