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

Role
Chief Legal Officer
Signature
Chris
Issuer symbol
RDFN
Transactions as of
20 Aug 2024
Net transactions value
-$124,036
Form type
4
Filing time
22 Aug 2024, 21:21:36 UTC
Previous filing
29 May 2024
Next filing
22 Nov 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 +591 +3.8% $0.000000 16,068 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $1,313 -144 -0.9% $9.12 15,924 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +3,965 +25% $0.000000 19,889 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $8,810 -966 -4.9% $9.12 18,923 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +6,572 +35% $0.000000 25,495 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $14,601 -1,601 -6.3% $9.12 23,894 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +9,584 +40% $0.000000 33,478 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $21,286 -2,334 -7% $9.12 31,144 20 Aug 2024 Direct
transaction RDFN Common Stock Sale $78,026 -8,417 -27% $9.27 22,727 21 Aug 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 -591 -25% $0.000000 1,775 20 Aug 2024 Common Stock 591 Direct F1, F4
transaction RDFN Restricted Stock Unit Options Exercise $0 -3,965 -12% $0.000000 27,761 20 Aug 2024 Common Stock 3,965 Direct F1, F5
transaction RDFN Restricted Stock Unit Options Exercise $0 -6,572 -25% $0.000000 19,715 20 Aug 2024 Common Stock 6,572 Direct F1, F6
transaction RDFN Restricted Stock Unit Options Exercise $0 -9,584 -12% $0.000000 67,093 20 Aug 2024 Common Stock 9,584 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 reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2023.
F3 The reporting person executed the transaction in multiple trades at prices ranging from $9.21 to $9.36. 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, 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.
F5 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.
F6 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.
F7 1/8 of the restricted stock units will vest on August 20, 2024 and quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2026.