Opendoor Technologies Inc. announced the appointment of Eric Feder as a Class III director following the Board's decision to increase its size from eight to nine members. The appointment, effective April 30, 2024, was based on a recommendation by the Nominating and Corporate Governance Committee. Feder, deemed independent by the Board, brings extensive real estate and technology investment experience to his new role, including his current presidency at LEN, LLC and previous vice chairmanship at Rialto Capital. He also serves on the board of Hippo Holdings Inc. Feder's term will expire at the 2026 Annual Meeting of Stockholders. In conjunction with his appointment, Feder received a prorated grant of 10,293 restricted stock units on May 1, 2024. Concurrently, Jason Kilar has announced his resignation from the Board effective June 14, 2024, the date of the Company's annual meeting, citing no disagreements with the Company. Stockholders are advised that no vote is required for Feder's appointment or Kilar's resignation at the upcoming Annual Meeting, and existing proxy cards remain valid for voting on other matters.

Opendoor Technologies Inc. announced the appointment of Eric Feder as a Class III director following the Board's decision to increase its size from eight to nine members. The appointment, effective April 30, 2024, was based on a recommendation by the Nominating and Corporate Governance Committee. Feder, deemed independent by the Board, brings extensive real estate and technology investment experience to his new role, including his current presidency at LEN, LLC and previous vice chairmanship at Rialto Capital. He also serves on the board of Hippo Holdings Inc. Feder's term will expire at the 2026 Annual Meeting of Stockholders. In conjunction with his appointment, Feder received a prorated grant of 10,293 restricted stock units on May 1, 2024. Concurrently, Jason Kilar has announced his resignation from the Board effective June 14, 2024, the date of the Company's annual meeting, citing no disagreements with the Company. Stockholders are advised that no vote is required for Feder's appointment or Kilar's resignation at the upcoming Annual Meeting, and existing proxy cards remain valid for voting on other matters.