Christopher John Nielsen - 30 May 2023 Form 4 Insider Report for Redfin Corp (RDFN)

Role
Chief Financial Officer
Signature
/s/ Anthony Kappus, attorney-in-fact
Issuer symbol
RDFN
Transactions as of
30 May 2023
Net transactions value
+$369,999
Form type
4
Filing time
31 May 2023, 18:29:21 UTC
Previous filing
30 May 2023
Next filing
25 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDFN Common Stock Options Exercise $369,999 +164,444 +63% $2.25* 425,845 30 May 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDFN Stock Option (right to buy) Options Exercise $0 -164,444 -100% $0.000000* 0 30 May 2023 Common Stock 164,444 $2.25 Direct F1
transaction RDFN Restricted Stock Unit Award $0 +65,717 $0.000000 65,717 30 May 2023 Common Stock 65,717 Direct F2, F3
holding RDFN Restricted Stock Unit 65,831 30 May 2023 Common Stock 65,831 Direct F2, F4
holding RDFN Restricted Stock Unit 6,604 30 May 2023 Common Stock 6,604 Direct F2, F5
holding RDFN Restricted Stock Unit 3,508 30 May 2023 Common Stock 3,508 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option is fully exercisable.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 1/8 of the restricted stock units will vest on August 20, 2023 and quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2025.
F4 1/4 of the restricted stock units will vest on May 20, 2023, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2026.
F5 1/4 of the restricted stock units vested on May 20, 2022, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2025.
F6 1/4 of the restricted stock units vested on May 20, 2021, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2024.