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Redfin Corporation 鈥� Form 4 overview

Chief Human Resources Officer Anna Stevens filed a Form 4 after the closing of the Redfin-Rocket Companies merger on 07/01/2025. All of her Redfin holdings were automatically converted under the merger agreement.

• Common stock: 125,262 shares were disposed of; each share converted into 0.7926 Rocket Companies Class A shares, plus cash for fractional shares.
• Restricted Stock Units: A total of 210,506 RSUs (24,944 + 29,952 + 63,281 + 92,329) were also disposed of. Every Redfin RSU was assumed by Rocket Companies and became an RSU for the corresponding number of Rocket Companies shares, using the same exchange ratio.
• Consideration: No cash price is shown because the exchange occurred pursuant to the merger terms, not an open-market sale.
• Post-transaction ownership: Stevens reports zero direct or indirect ownership of Redfin securities; Redfin is now a wholly owned subsidiary of Rocket Companies.

The filing is a procedural disclosure confirming that executive equity has been rolled into Rocket Companies stock. It does not represent discretionary selling activity and contains no new financial performance data.

Redfin Corporation (RDFN) 鈥� Form 4 insider filing dated 7 July 2025 discloses that Chief Financial Officer Christopher J. Nielsen disposed of his entire beneficial ownership of Redfin equity as a result of the closing of the previously-announced merger with Rocket Companies, Inc. on 1 July 2025.

Key details

• Merger closing: On 1 July 2025, Neptune Merger Sub merged into Redfin, making Redfin a wholly-owned subsidiary of Rocket Companies.
• Exchange ratio: Each Redfin common share converted into 0.7926 shares of Rocket Class A common stock plus cash in lieu of fractional shares.
• Common shares disposed: 505,640 Redfin common shares (Code D) 鈥� Nielsen鈥檚 post-transaction Redfin common share ownership is zero.
• Derivative equity affected: 鈥� 249,999 stock options (strike prices $9.15 & $10.80) and 鈥� 344,210 restricted stock units were all coded D and assumed by Rocket on equivalent terms, adjusted by the same exchange ratio.
• Ownership form: All positions were held directly.

The filing confirms the mechanical conversion of insider holdings rather than discretionary open-market activity. No cash sale price was reported; consideration is exclusively Rocket equity under the merger terms.

Investor takeaway: The Form 4 provides final confirmation of merger consummation and the precise share-for-share exchange mechanism for legacy Redfin insiders. Existing RDFN shareholders should now reference Rocket Companies (RKT) for their post-merger equity position.

Form 4 filing for Redfin Corporation (RDFN) dated 07/03/2025 records the automatic disposition of CEO Glenn Kelman鈥檚 equity holdings at the closing of 搁别诲蹿颈苍鈥檚 merger with Rocket Companies, Inc.

• Common stock: 1,458,448 Redfin shares were disposed of on 07/01/2025. Each share was converted into 0.7926 shares of Rocket Class A common stock, plus cash in lieu of fractional shares, in accordance with the March 9, 2025 Merger Agreement.
• Stock options: Five separate option grants, totaling 802,824 options with exercise prices ranging from $8.10 to $27.50, were likewise disposed of. At the effective time, every Redfin option was assumed by Rocket and converted into an option for Rocket shares using the same 0.7926 exchange ratio and an adjusted strike price.
• Post-transaction holdings: The filing shows 0 Redfin common shares or options remaining under Kelman鈥檚 beneficial ownership; all interests now relate to Rocket equity.
• Context: Redfin survived the merger as a wholly owned subsidiary of Rocket. The filing is a routine Section 16 compliance step reflecting the exchange of securities, not an open-market sale.

No cash proceeds, purchase price, or new compensation arrangements are disclosed in this Form 4.

Form 4 filing for Redfin Corporation (RDFN) dated 07/01/2025 documents the automatic conversion of insider equity in connection with 搁别诲蹿颈苍鈥檚 completed merger with Rocket Companies, Inc.

Reporting person Jason Aleem, Chief of AG真人官方 Estate Services, recorded a disposition (Code 鈥淒鈥�) of all 122,578 Redfin common shares. The shares were exchanged, not sold, under the March 9 2025 Merger Agreement whereby each Redfin share converts into 0.7926 shares of Rocket Class A common stock plus cash for fractions.

Table II shows nine blocks of Redfin restricted stock units (RSUs), totaling 354,012 units, that were likewise disposed of and simultaneously assumed by Rocket. Each RSU was converted into a Rocket RSU at the same 0.7926 exchange ratio, retaining vesting schedules and other terms.

No open-market price is listed; the transactions are purely structural, reflecting 搁别诲蹿颈苍鈥檚 new status as a wholly owned Rocket subsidiary effective 07/01/2025. Following the exchange, Aleem reports zero remaining Redfin securities, with ownership shifting entirely to Rocket equivalents.

For remaining Redfin shareholders, the filing offers an additional confirmation of closing mechanics, exchange ratio accuracy, and insider treatment, but it does not introduce new operational or financial metrics.

Redfin Corporation (RDFN) 鈥� Form 4 insider filing

Chief Technology Officer Bridget Frey disclosed the automatic disposition of all Redfin equity interests on 1 July 2025, the date Redfin completed its merger with Rocket Companies, Inc. ("Parent"). The transaction is entirely merger-driven and involves no open-market sales.

• Common stock: 484,799 Redfin shares were converted into Parent Class A common stock at a fixed exchange ratio of 0.7926 Parent share for each Redfin share, with cash paid for fractional shares.
• Stock options: 167,781 outstanding options (exercise prices $8.61鈥�$10.80) were assumed by Parent and converted into options on its Class A shares. The share count for each option is multiplied by the 0.7926 ratio; exercise prices are divided by the same ratio. All options remain on their original vesting/expiration terms.
• Restricted stock units (RSUs): 556,705 unvested or unsettled RSUs were likewise assumed by Parent and converted into RSUs for Parent shares based on the exchange ratio. Vesting schedules remain unchanged.

Post-closing, Frey holds no direct Redfin securities; her ownership is now solely in Rocket Companies equity instruments. The filing confirms the merger鈥檚 consummation and clarifies the treatment of employee equity awards, providing transparency on the exchange mechanics for existing Redfin shareholders.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the Class A common stock of Meta Platforms, Inc. (META). The notes price on or about June 20 2025, settle on June 25 2025 and mature on June 25 2029, unless automatically called earlier.

Key economic terms

• Denominations: minimum $10,000 (and $1,000 multiples)
• Quarterly Review Dates beginning Sept 22 2025; first potential call after about three months
• Contingent Interest: at least $27.65 per $1,000 (鈮� 2.765 % per quarter, 鈮� 11.06 % p.a.) paid when META closes 鈮� 75 % of the Initial Stock Price (the Interest Barrier) on a Review Date. Unpaid coupons accrue and are paid once the barrier is met.
• Automatic Call: if META closes 鈮� Initial Stock Price on any non-final Review Date, investors receive $1,000 principal + current and unpaid coupons and the note terminates.
• Principal repayment: If not called and the Final Stock Price 鈮� 75 % of the Initial Stock Price, investors receive full principal plus the final coupon and any unpaid coupons. If the Final Stock Price < 75 % (a Trigger Event), principal is reduced 1 % for every 1 % META has fallen (down-only participation), potentially to zero.
• Estimated value if priced today: $959.50 per $1,000, not less than $940 when issued, reflecting underwriting fees, hedging costs and JPM鈥檚 internal funding rate.
• The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co.; payments depend on the creditworthiness of both entities.

Investor considerations

• Appeals to yield-seeking investors comfortable with single-stock risk, credit risk and potential loss of principal.
• No participation in META upside beyond coupon stream; upside capped at 16 coupons (max $442.40 per $1,000).
• Early redemption risk limits income longevity and may create reinvestment risk.
• Secondary market likely illiquid; price expected to trade below issue price due to dealer spread and funding adjustments.

Major risks highlighted

• Loss of >25 %鈥攁nd up to 100 %鈥攐f principal if META is down more than 25 % at final valuation.
• No coupons paid if META remains below the 75 % barrier on every Review Date.
• Credit risk of issuer and guarantor; note is not FDIC-insured.
• Valuation and conflicts: JPM calculates adjustments, hedges and secondary pricing.

Bottom line: The structure offers elevated contingent income and a 25 % downside buffer, but investors assume concentrated equity, credit, liquidity and structural risks. The product suits sophisticated investors willing to trade participation in META appreciation for conditional income and limited protection.

Ondas Holdings Inc. (NASDAQ: ONDS) filed a Form 8-K announcing an amendment that pushes the maturity of all outstanding subsidiary notes to 31 Dec 2025. Ondas Networks Inc., the operating subsidiary, signed a Letter Agreement on 3 Jul 2025 with existing noteholders鈥擟harles & Potomac Capital and two private investor groups鈥攃overing five convertible and secured notes originally issued between Jul 2024 and Jan 2025. The aggregate original principal of these instruments totals approximately US$8.0 million (July 2024 Notes US$1.5 m; Secured Note US$1.5 m; November Notes US$2.07 m; January Notes US$2.93 m). No new capital was raised and no covenants were disclosed as amended other than the extended due date.

The extension reduces immediate refinancing pressure and gives management another 18 months to execute strategic plans, including scaling its industrial wireless platform and integrating American Robotics. However, the notes remain convertible and/or secured, leaving potential dilution and collateral constraints in place. Investors should assess whether the extra runway is sufficient to reach cash-flow breakeven before the new 2025 maturity.

Form 4 highlights the final step in Redfin Corporation鈥檚 (RDFN) merger with Rocket Companies, Inc. Director James Slavet reported the disposition of all Redfin common shares on 07/01/2025 pursuant to the previously announced Agreement and Plan of Merger dated 03/09/2025. At the effective time, every share of Redfin common stock was automatically converted into the right to receive 0.7926 shares of Rocket Companies Class A common stock plus cash in lieu of fractional shares. As a result, Slavet now holds 0 Redfin shares; any continuing economic interest is now represented by Rocket equity.

The filing confirms that Redfin has become a wholly owned subsidiary of Rocket Companies, ending its status as an independent publicly traded entity. The disposition code 鈥淒鈥� and accompanying footnote make clear that the transaction was non-discretionary, occurring solely because of the merger terms rather than an open-market sale.

Key takeaways for investors:

• Merger completion date: 07/01/2025.
• Exchange ratio: 0.7926 Rocket Class A shares for each Redfin share.
• Impact on RDFN stock: Shares are cancelled; holders should now expect Rocket (RKT) shares and any cash for fractions.

Loop Industries, Inc. (Nasdaq: LOOP) has entered into a new At-the-Market (ATM) equity offering program. On July 3, 2025, the company signed an ATM Offering Agreement with Roth Capital Partners permitting the sale, from time to time, of up to $15 million of common stock under the existing Form S-3 shelf registration (declared effective September 10, 2024).

Shares may be sold through Roth either on The Nasdaq Global Market, to market makers, in negotiated transactions, or directly to the agent acting as principal. Roth will receive a 3.0 % commission on the gross sales price of any shares placed. The agreement features customary representations, warranties, indemnification provisions, and allows鈥攂ut does not obligate鈥攖he company to instruct sales. No specific minimum dollar amount or share quantity is required, and the offering can be terminated in accordance with its terms.

The company filed a legal opinion from Ballard Spahr LLP (Exhibit 5.1) affirming due authorization and validity of any shares issued, together with the ATM agreement itself (Exhibit 10.1) and related consents.

This filing provides Loop Industries with a flexible mechanism to access additional capital; however, any issuance will increase the outstanding share count, affecting existing shareholders鈥� ownership percentage.