Opendoor Technologies Inc. has made a significant addition to its leadership team by appointing Michael Alfred to its Board of Directors, effective October 29, 2026. This appointment is part of the company's ongoing efforts to strengthen its governance and strategic direction.

Michael Alfred will serve as a Class I director, with his term expiring at the company’s 2027 annual meeting of stockholders. He has also been appointed to the Nominating and Corporate Governance Committee of the Board. The Board has determined that he meets the independence standards set by the Nasdaq Stock Market.

Alfred, the Founder and Managing Partner of Alpine Fox LP, brings a wealth of experience in finance and technology to Opendoor. His previous roles include serving on the board of directors of IREN Limited and Bakkt Holdings, Inc., as well as co-founding Digital Assets Data, Inc. and BrightScope, Inc. His diverse background is expected to provide valuable insights as Opendoor navigates the evolving real estate landscape.

In connection with his appointment, Alfred has been granted 45,268 restricted stock units under the company’s 2020 Incentive Award Plan. These units will vest in full on the date of the company’s 2027 annual meeting of stockholders, contingent upon his continued service. He has also entered into the company’s standard indemnification agreement for directors and officers.

The appointment comes at a crucial time for Opendoor, which operates in the real estate agents and managers sector. As the company continues to innovate and adapt to market changes, Alfred's expertise may play a pivotal role in shaping its future strategies.

Details regarding the appointment were disclosed in a recent SEC filing (accession number 0001140361-26-041096). The filing also included a press release announcing the director appointment, which is attached as Exhibit 99.1.

Moving forward, Opendoor is expected to leverage Alfred's experience to enhance its governance and strategic initiatives. The company has not indicated any further actions or filings related to this appointment at this time.