Glenn Kelman - 01 Jul 2025 Form 4 Insider Report for Redfin Corp (RDFN)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: RDFN
Reported as of: 01 Jul 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Jul 2025, 21:34:58 UTC
Prior SEC filing: 06 Jun 2025
Next SEC filing: 08 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Anthony Kappus, attorney-in-fact

Key filing fact

Glenn Kelman filed Form 4 for Redfin Corp (RDFN) on 03 Jul 2025.

Key facts

This page summarizes Glenn Kelman's Form 4 filing for Redfin Corp (RDFN).
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 03 Jul 2025, 21:34.

Change

Previous filing in this sequence was filed on 06 Jun 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001193764 Primary reporting owner

KELMAN GLENN

Relationship: Chief Executive Officer, Director
Address: C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE
Signature: /s/ Anthony Kappus, attorney-in-fact
Signature date: 03 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RDFN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -1,458,448
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RDFN transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -483,333
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 483,333
Exercise price: $8.61
Footnotes: F2, F3, F4

RDFN transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -10,047
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,047
Exercise price: $8.97
Footnotes: F2, F3, F4

RDFN transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -8,148
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,148
Exercise price: $8.10
Footnotes: F2, F3, F4

RDFN transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -1,296
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,296
Exercise price: $10.80
Footnotes: F2, F3, F4

RDFN transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -300,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 300,000
Exercise price: $27.50
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Glenn Kelman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

The shares were disposed of pursuant to the Agreement and Plan of Merger, dated March 9, 2025 (the "Merger Agreement"), by and among Redfin Corporation (the "Company"), Rocket Companies, Inc. ("Parent"), and Neptune Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, on July 1, 2025, Merger Sub merged with and into Company (the "Merger"), with Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Company's common stock, par value $0.001 per share ("Company Common Stock") was converted into the right to receive 0.7926 shares of Class A Common Stock of Parent (the "Parent Common Stock" and such ratio, the "Exchange Ratio") and cash payable in lieu of fractional shares, as described in the Merger Agreement.

Footnote F2

Each stock option to purchase shares of Company Common Stock represents a contingent right to purchase one share of Company Common Stock.

Footnote F3

Pursuant to the Merger Agreement, at the Effective Time, each stock option to purchase shares of Company Common Stock (a "Company Option") that was unexpired, unexercised and outstanding as of the Effective Time (whether vested or unvested) was assumed by Parent and converted into an option to acquire that number of shares of Parent Common Stock equal to (i) the number of shares subject to such Company Option as of immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, at an exercise price per share equal to the quotient obtained by dividing the per share exercise price of the Company Option by the Exchange Ratio, rounded up to the nearest whole cent (each, an "Assumed Option"). Each such Assumed Option is otherwise subject to the same terms and conditions as applied to the corresponding Company Option immediately prior to the Effective Time, including vesting terms.

Footnote F4

The stock option is fully vested and exercisable.