SCHEDULE 13G/A 0001104659-25-114605 0001009268 XXXXXXXX LIVE 1 Common stock, $0.0001 par value per share 12/31/2025 0001801169 Opendoor Technologies Inc. 683712103 1295 West Washington Street, Suite 115 Tempe AZ 85288 Rule 13d-1(c) D. E. Shaw & Co., L.P. DE 0.00 20852226.00 0.00 20852226.00 20852226.00 N 2.2 IA PN The percentage figure reported is based upon 958,504,891 shares of common stock outstanding, composed of: (i) 953,788,119 shares of common stock outstanding as of November 18, 2025, as reported in the Issuer's Form 424B5, filed with the SEC on November 21, 2025, (ii) 4,216,597 shares of common stock issuable upon exercise of warrants, and (iii) 500,175 shares of common stock issuable upon exercise of warrants deliverable upon exercise of listed call options. D. E. Shaw & Co., L.L.C. DE 0.00 20527881.00 0.00 20527881.00 20527881.00 N 2.1 OO The percentage figure reported is based upon 958,504,891 shares of common stock outstanding, composed of: (i) 953,788,119 shares of common stock outstanding as of November 18, 2025, as reported in the Issuer's Form 424B5, filed with the SEC on November 21, 2025, (ii) 4,216,597 shares of common stock issuable upon exercise of warrants, and (iii) 500,175 shares of common stock issuable upon exercise of warrants deliverable upon exercise of listed call options. D. E. Shaw Valence Portfolios, L.L.C. DE 0.00 14636666.00 0.00 14636666.00 14636666.00 N 1.5 OO The percentage figure reported is based upon 957,776,189 shares of common stock outstanding, composed of: (i) 953,788,119 shares of common stock outstanding as of November 18, 2025, as reported in the Issuer's Form 424B5, filed with the SEC on November 21, 2025, (ii) 3,487,895 shares of common stock issuable upon exercise of warrants, and (iii) 500,175 shares of common stock issuable upon exercise of warrants deliverable upon exercise of listed call options. David E. Shaw X1 0.00 20852226.00 0.00 20852226.00 20852226.00 N 2.2 IN The percentage figure reported is based upon 958,504,891 shares of common stock outstanding, composed of: (i) 953,788,119 shares of common stock outstanding as of November 18, 2025, as reported in the Issuer's Form 424B5, filed with the SEC on November 21, 2025, (ii) 4,216,597 shares of common stock issuable upon exercise of warrants, and (iii) 500,175 shares of common stock issuable upon exercise of warrants deliverable upon exercise of listed call options. Opendoor Technologies Inc. 1295 West Washington Street, Suite 115, Tempe, AZ 85288 D. E. Shaw & Co., L.P. D. E. Shaw & Co., L.L.C. D. E. Shaw Valence Portfolios, L.L.C. David E. Shaw The business address for each reporting person is: Two Manhattan West 375 Ninth Avenue, 52nd Floor New York, NY 10001 D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware. D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware. D. E. Shaw Valence Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware. David E. Shaw is a citizen of the United States of America. Y D. E. Shaw & Co., L.P.: 20,852,226 shares This is composed of (i) 961,096 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,687,500 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 3,487,895 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (iv) 500,175 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants deliverable through the exercise of call options, (v) 4,882,290 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (vi) 717,078 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (vii) 280,223 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., (viii) 11,624 shares that D. E. Shaw Composite Portfolios, L.L.C. has the right to acquire through the exercise of warrants, and (ix) 324,345 shares under the management of D. E. Shaw Investment Management, L.L.C. D. E. Shaw & Co., L.L.C.: 20,527,881 shares This is composed of (i) 961,096 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,687,500 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 3,487,895 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (iv) 500,175 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants deliverable through the exercise of call options, (v) 4,882,290 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (vi) 717,078 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (vii) 280,223 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., and (viii) 11,624 shares that D. E. Shaw Composite Portfolios, L.L.C. has the right to acquire through the exercise of warrants. D. E. Shaw Valence Portfolios, L.L.C.: 14,636,666 shares This is composed of (i) 961,096 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,687,500 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 3,487,895 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants, and (iv) 500,175 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants deliverable through the exercise of call options. David E. Shaw: 20,852,226 shares This is composed of (i) 961,096 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,687,500 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 3,487,895 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (iv) 500,175 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of warrants deliverable through the exercise of call options, (v) 4,882,290 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (vi) 717,078 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire through the exercise of warrants, (vii) 280,223 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., (viii) 11,624 shares that D. E. Shaw Composite Portfolios, L.L.C. has the right to acquire through the exercise of warrants, and (ix) 324,345 shares under the management of D. E. Shaw Investment Management, L.L.C. David E. Shaw does not own any shares directly. By virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., and D. E. Shaw Composite Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C., and by virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., and D. E. Shaw Composite Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of, the 20,852,226 shares as described above constituting 2.2% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 20,852,226 shares. D. E. Shaw & Co., L.P.: 2.2% D. E. Shaw & Co., L.L.C.: 2.1% D. E. Shaw Valence Portfolios, L.L.C.: 1.5% David E. Shaw: 2.2% D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares D. E. Shaw Valence Portfolios, L.L.C.: 0 shares David E. Shaw: 0 shares D. E. Shaw & Co., L.P.: 20,852,226 shares D. E. Shaw & Co., L.L.C.: 20,527,881 shares D. E. Shaw Valence Portfolios, L.L.C.: 14,636,666 shares David E. Shaw: 20,852,226 shares D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares D. E. Shaw Valence Portfolios, L.L.C.: 0 shares David E. Shaw: 0 shares D. E. Shaw & Co., L.P.: 20,852,226 shares D. E. Shaw & Co., L.L.C.: 20,527,881 shares D. E. Shaw Valence Portfolios, L.L.C.: 14,636,666 shares David E. Shaw: 20,852,226 shares N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 3: Joint Filing Agreement, by and among the Reporting Persons, dated February 17, 2026. D. E. Shaw & Co., L.P. /s/ Daniel R. Marcus 02/17/2026 D. E. Shaw & Co., L.L.C. /s/ Daniel R. Marcus 02/17/2026 D. E. Shaw Valence Portfolios, L.L.C. /s/ Daniel R. Marcus 02/17/2026 David E. Shaw /s/ Daniel R. Marcus 02/17/2026 Exhibit 1: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co., Inc., in favor of the signatories hereto, among others, dated August 1, 2024. Exhibit 2: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co. II, Inc., in favor of the signatories hereto, among others, dated August 1, 2024.