SCHEDULE 13G 0001301396 XXXXXXXX LIVE Common Stock 05/09/2025 0001801169 Opendoor Technologies Inc. 683712103 410 N. SCOTTSDALE ROAD, SUITE 1600 TEMPE AZ 85288 Rule 13d-1(b) Rule 13d-1(c) Context Capital Management, LLC DE 0.00 44187300.00 0.00 44187300.00 44187300.00 5.7 IA OO Michael S. Rosen X1 0.00 44187300.00 0.00 44187300.00 44187300.00 5.7 IN HC William D. Fertig X1 0.00 44187300.00 0.00 44187300.00 44187300.00 5.7 IN HC Charlie E. Carnegie X1 0.00 44187300.00 0.00 44187300.00 44187300.00 5.7 IN HC Context Partners Master Fund, L.P. E9 0.00 44187300.00 0.00 44187300.00 44187300.00 5.7 PN Opendoor Technologies Inc. 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE, ARIZONA, 85288 Context Capital Management, LLC ("LLC") Michael S. Rosen ("Rosen") William D. Fertig ("Fertig") Charles E. Carnegie ("Carnegie") Context Partners Master Fund, L.P. ("LP") LLC is the general partner and investment adviser of LP. Rosen, Fertig and Carnegie are the control persons of the LLC. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of the securities reported in this Schedule 13G, except to the extent of that person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of the LP should not be construed as an admission that it is, and disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any of the securities covered by this Schedule 13G. 7724 Girard Avenue Suite 300 La Jolla, CA 92037 USA N IA HC See Items 5-9 and 11 of the cover page for each reporting person See Items 5-9 and 11 of the cover page for each reporting person The shares of common stock beneficially owned by the persons reported in Schedule 13G consists of 44,187,300 shares of common stock issuable on the conversion of convertible notes due on 2026 and 2030. The percentages reported in the Schedule 13G are based on 728,896,889 shares of the issuers common stock outstanding as of April 29, 2025 as reported in the 10Q filed by the issuer. See Items 5-9 and 11 of the cover page for each reporting person See Items 5-9 and 11 of the cover page for each reporting person See Items 5-9 and 11 of the cover page for each reporting person See Items 5-9 and 11 of the cover page for each reporting person Y N 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 acquired and are held in the ordinary course of business and 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. 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. Context Capital Management, LLC Michael Rosen 05/16/2025 Michael S. Rosen Michael Rosen 05/16/2025 William D. Fertig William Fertig 05/16/2025 Charlie E. Carnegie Charlie Carnegie 05/16/2025 Context Partners Master Fund, L.P. Michael Rosen 05/16/2025