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

Role
Chief Financial Officer
Signature
/s/ Anthony Kappus, attorney-in-fact
Stock symbol
RDFN
Transactions as of
May 30, 2023
Transactions value $
$369,999
Form type
4
Date filed
5/31/2023, 06:29 PM
Previous filing
May 30, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDFN Common Stock Options Exercise $370K +164K +62.91% $2.25* 426K May 30, 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 -164K -100% $0.00* 0 May 30, 2023 Common Stock 164K $2.25 Direct F1
transaction RDFN Restricted Stock Unit Award $0 +65.7K $0.00 65.7K May 30, 2023 Common Stock 65.7K Direct F2, F3
holding RDFN Restricted Stock Unit 65.8K May 30, 2023 Common Stock 65.8K Direct F2, F4
holding RDFN Restricted Stock Unit 6.6K May 30, 2023 Common Stock 6.6K Direct F2, F5
holding RDFN Restricted Stock Unit 3.51K May 30, 2023 Common Stock 3.51K 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.