Opendoor Technologies appoints Christy Schwartz as interim CFO following Freiha departure

Opendoor Technologies Inc. (NASDAQ:OPEN), which has seen its stock surge over 735% in the past six months, announced Friday the appointment of Christy Schwartz as interim Chief Financial Officer, effective September 30, 2025. Schwartz will replace Selim Freiha, who is departing the CFO position effective Friday, according to a statement issued in an SEC filing. InvestingPro data shows the company maintains a solid financial health score despite industry challenges, with 17 key insights available for subscribers.

Schwartz’s term as interim CFO will end on the earlier of May 15, 2026, or 30 days after a new permanent CFO is appointed. Schwartz, age 46, previously served as Opendoor’s interim CFO from December 2022 to November 2024 and as Chief Accounting Officer from March 2021 to May 2025. She also held the role of Vice President, Corporate Controller from August 2016 to March 2021. Schwartz holds an M.S. in Accounting from the University of Virginia and a B.S. in Business Administration from the University of California, Berkeley.

Under the terms of her offer letter dated September 18, 2025, Schwartz will receive an annual base salary of $1,200,000. Subject to board approval, she will also be granted 400,641 restricted stock units, vesting in three equal installments on November 15, 2025, February 15, 2026, and May 15, 2026. If Schwartz’s employment ends prior to May 15, 2026, due to termination without cause or resignation 30 days after a new CFO is hired, she will be entitled to a lump sum cash payment equal to the difference between $1,200,000 and any salary already paid, as well as accelerated vesting of any unvested restricted stock units.

The company stated that Schwartz has no family relationships with any directors or executive officers and is not involved in any related party transactions as described under SEC rules.

This information is based on a statement provided in an SEC filing.

In other recent news, Opendoor Technologies has made several significant announcements. The company granted equity awards to its new CEO, Kaz Nejatian, including a restricted stock unit award for 1,580,611 shares and two performance-based awards for 40,886,344 shares each. This follows the transition in leadership, with Carrie Wheeler stepping down as CEO and Shrisha Radhakrishna being appointed as President and interim leader. Wheeler will continue to serve as an advisor to the Board until the end of 2025.

In a move that has caught the attention of investors, Martin Shkreli announced a short position in Opendoor, describing the company as "an obvious short." Additionally, Citron Research issued a bearish report criticizing Opendoor’s business model, which affected the stock’s recent gains. These developments reflect a period of significant change and scrutiny for Opendoor Technologies.

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