Christian John Taubman - 20 Aug 2024 Form 4 Insider Report for Redfin Corp (RDFN)

Role
Chief Growth Officer
Signature
/s/ Anthony Kappus, attorney-in-fact
Issuer symbol
RDFN
Transactions as of
20 Aug 2024
Net transactions value
-$86,702
Form type
4
Filing time
22 Aug 2024, 21:21:56 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 +617 +1.1% $0.000000 57,891 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $1,377 -151 -0.26% $9.12 57,740 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +3,833 +6.6% $0.000000 61,573 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $8,518 -934 -1.5% $9.12 60,639 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +6,572 +11% $0.000000 67,211 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $14,601 -1,601 -2.4% $9.12 65,610 20 Aug 2024 Direct
transaction RDFN Common Stock Options Exercise $0 +12,879 +20% $0.000000 78,489 20 Aug 2024 Direct F1
transaction RDFN Common Stock Tax liability $28,609 -3,137 -4% $9.12 75,352 20 Aug 2024 Direct
transaction RDFN Common Stock Sale $33,596 -3,632 -4.8% $9.25 71,720 21 Aug 2024 Direct F2

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 -617 -25% $0.000000 1,854 20 Aug 2024 Common Stock 617 Direct F1, F3
transaction RDFN Restricted Stock Unit Options Exercise $0 -3,833 -12% $0.000000 26,835 20 Aug 2024 Common Stock 3,833 Direct F1, F4
transaction RDFN Restricted Stock Unit Options Exercise $0 -6,572 -25% $0.000000 19,715 20 Aug 2024 Common Stock 6,572 Direct F1, F5
transaction RDFN Restricted Stock Unit Options Exercise $0 -12,879 -12% $0.000000 90,156 20 Aug 2024 Common Stock 12,879 Direct F1, F6
* 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 August 18, 2023.
F3 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.
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 1/8 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.
F6 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.