{"filing":{"accession_number":"0001140361-26-033739","cik":"0001801169","ticker":"OPENZ","company_name":"Opendoor Technologies Inc.","form":"8-K","filing_date":"2026-08-19","report_date":"2026-08-17","primary_document":"ef20080596_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1801169/000114036126033739/ef20080596_8k.htm"},"events":[{"id":28495,"run_id":26070,"accession_number":"0001140361-26-033739","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Opendoor consummated the issuance of $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 pursuant to an Indenture dated August 19, 2026, with capped call transactions costing approximately $52.5 million to hedge dilution from the convertible notes.","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19","form":"8-K","submitted_at":null,"items":[{"id":30456,"accession_number":"0001140361-26-033739","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Opendoor consummated the issuance of $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 pursuant to an Indenture dated August 19, 2026. This is a material creation of a direct financial obligation—a convertible debt instrument with detailed terms governing conversion rights, redemption provisions, and events of default. The company also entered into capped call transactions costing approximately $52.5 million to hedge dilution from the convertible notes. This is a classic debt issuance disclosure under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"","ticker":null,"filing_date":""},{"id":30457,"accession_number":"0001140361-26-033739","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly addresses \"Creation of a Direct Financial Obligation,\" which is the standard disclosure vehicle for debt issuances, credit facilities, and similar financial obligations. The section incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or other significant transactions that may involve debt financing. The materiality of a new direct financial obligation to a real estate technology company like Opendoor would typically affect investor assessment of capital structure and financial risk.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":28496,"run_id":26070,"accession_number":"0001140361-26-033739","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Opendoor issued convertible notes with a maximum of 186.2 million shares of common stock issuable upon conversion at a rate of 286.5329 shares per $1,000 principal, representing a material dilutive issuance of equity securities under the Section 3(a)(9) exemption.","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19","form":"8-K","submitted_at":null,"items":[{"id":30458,"accession_number":"0001140361-26-033739","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses unregistered sales of equity securities involving convertible notes with a maximum of 186.2 million shares of common stock issuable upon conversion at a rate of 286.5329 shares per $1,000 principal. This is a material dilutive issuance of convertible debt securities, typical of capital-raising activity at mid-cap technology companies. The reference to Section 3(a)(9) exemption and the substantial share count indicate a significant equity dilution event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":28497,"run_id":26070,"accession_number":"0001140361-26-033739","anchor_item_number":"8.01","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Opendoor executed share repurchases totaling approximately $158 million on August 17, 2026, at the last reported sale price, representing a material capital return to shareholders.","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19","form":"8-K","submitted_at":null,"items":[{"id":30459,"accession_number":"0001140361-26-033739","item_number":"8.01","item_title":null,"event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The disclosure describes share repurchases totaling approximately $158 million executed by Opendoor on August 17, 2026, at the last reported sale price. Share repurchases are a form of capital return to shareholders and fall within the dividend_distribution category, which encompasses \"share-repurchase programs.\" The materiality threshold is met given the substantial dollar amount ($158 million) relative to a company of this size, which would affect investor assessment of capital allocation and shareholder returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":30456,"accession_number":"0001140361-26-033739","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Opendoor consummated the issuance of $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 pursuant to an Indenture dated August 19, 2026. This is a material creation of a direct financial obligation—a convertible debt instrument with detailed terms governing conversion rights, redemption provisions, and events of default. The company also entered into capped call transactions costing approximately $52.5 million to hedge dilution from the convertible notes. This is a classic debt issuance disclosure under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19"},{"id":30457,"accession_number":"0001140361-26-033739","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly addresses \"Creation of a Direct Financial Obligation,\" which is the standard disclosure vehicle for debt issuances, credit facilities, and similar financial obligations. The section incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or other significant transactions that may involve debt financing. The materiality of a new direct financial obligation to a real estate technology company like Opendoor would typically affect investor assessment of capital structure and financial risk.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19"},{"id":30458,"accession_number":"0001140361-26-033739","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses unregistered sales of equity securities involving convertible notes with a maximum of 186.2 million shares of common stock issuable upon conversion at a rate of 286.5329 shares per $1,000 principal. This is a material dilutive issuance of convertible debt securities, typical of capital-raising activity at mid-cap technology companies. The reference to Section 3(a)(9) exemption and the substantial share count indicate a significant equity dilution event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19"},{"id":30459,"accession_number":"0001140361-26-033739","item_number":"8.01","item_title":null,"event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The disclosure describes share repurchases totaling approximately $158 million executed by Opendoor on August 17, 2026, at the last reported sale price. Share repurchases are a form of capital return to shareholders and fall within the dividend_distribution category, which encompasses \"share-repurchase programs.\" The materiality threshold is met given the substantial dollar amount ($158 million) relative to a company of this size, which would affect investor assessment of capital allocation and shareholder returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-19T20:07:20.107146+00:00","company_name":"Opendoor Technologies Inc.","ticker":"OPENZ","filing_date":"2026-08-19"}]}