Opendoor (OPEN) Slashes 9% on Market Pessimism, Leadership Changes

Core Viewpoint - Opendoor Technologies Inc. has experienced a significant decline in stock price, dropping 9.06% to $6.12 amid broader market pessimism and leadership changes [1][3]. Leadership Changes - Lucas Matheson has been appointed as president of Opendoor, effective December 22, 2025, replacing Shrisha Radhakrishna, who temporarily filled the role after Carrie Wheeler's resignation as CEO [2][3]. - Radhakrishna will continue to serve as the chief technology and product officer [3]. Compensation Details - Matheson's annual base salary will be $500,000, with a sign-on bonus of $200,000, contingent on his employment status [4]. - Upon starting, Matheson will receive performance restricted stock units valued at $6 million, with 20% vesting on April 15, 2026, and the remainder vesting quarterly [5].