Anthony Ray Kappus - 20 Feb 2024 Form 4 Insider Report for Redfin Corp (RDFN)

Role
Chief Legal Officer
Signature
Chris
Issuer symbol
RDFN
Transactions as of
20 Feb 2024
Net transactions value
-$79,662
Form type
4
Filing time
22 Feb 2024, 17:57:23 UTC
Previous filing
27 Nov 2023
Next filing
22 May 2024
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 $0 +526 +3.4% $0.000000 16,003 20 Feb 2024 Direct F1
transaction RDFN Common Stock Tax liability $1,107 -159 -0.99% $6.96 15,844 20 Feb 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +591 +3.7% $0.000000 16,435 20 Feb 2024 Direct F1
transaction RDFN Common Stock Tax liability $1,246 -179 -1.1% $6.96 16,256 20 Feb 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +3,966 +24% $0.000000 20,222 20 Feb 2024 Direct F1
transaction RDFN Common Stock Tax liability $8,331 -1,197 -5.9% $6.96 19,025 20 Feb 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +6,571 +35% $0.000000 25,596 20 Feb 2024 Direct F1
transaction RDFN Common Stock Tax liability $13,809 -1,984 -7.8% $6.96 23,612 20 Feb 2024 Direct
transaction RDFN Common Stock Sale $55,170 -8,135 -34% $6.78 15,477 22 Feb 2024 Direct F2, F3

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 Restricted Stock Unit Options Exercise $0 -526 -50% $0.000000 527 20 Feb 2024 Common Stock 526 Direct F1, F4
transaction RDFN Restricted Stock Unit Options Exercise $0 -591 -17% $0.000000 2,958 20 Feb 2024 Common Stock 591 Direct F1, F5
transaction RDFN Restricted Stock Unit Options Exercise $0 -3,966 -10% $0.000000 35,692 20 Feb 2024 Common Stock 3,966 Direct F1, F6
transaction RDFN Restricted Stock Unit Options Exercise $0 -6,571 -17% $0.000000 32,859 20 Feb 2024 Common Stock 6,571 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis upon settlement.
F2 The reporting person effected the transaction pursuant to a Rule 10b5-1 trading plan that he adopted on May 31, 2023.
F3 The reporting person executed the transaction in multiple trades at prices ranging from $6.69 to $6.89. The reported price reflects the weighted average price of all trades. The reporting person will provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares traded at each separate price.
F4 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.
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 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.
F7 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.