[Form 4] Redfin Corporation Insider Trading Activity
Form 4 overview: Chief Growth Officer Christian J. Taubman reported the disposition of all Redfin Corporation (RDFN) equity on 1 July 2025 in connection with the closing of the previously announced merger between Redfin and Rocket Companies, Inc. ("Parent").
Key details
- Merger completed: Neptune Merger Sub, a wholly-owned Rocket subsidiary, merged into Redfin, making Redfin a wholly-owned subsidiary of Rocket.
- Share conversion ratio: Each Redfin common share was converted into 0.7926 Rocket Class A common shares plus cash for fractional shares.
- Common stock: Taubman鈥檚 Redfin shares were reported as disposed (code D) pursuant to the merger; 92,696 shares are shown as beneficially owned after the transaction but now represent Rocket entitlement through the exchange ratio.
- Restricted Stock Units (RSUs): Five blocks totaling 559,092 RSUs were converted into Rocket RSUs using the same 0.7926 exchange ratio. All vesting schedules and other terms remain unchanged.
- Ownership form: All holdings are reported as direct.
Investor takeaway: The filing is largely administrative, documenting equity conversion rather than an open-market sale. It confirms merger consummation, preserves management incentive alignment via assumed RSUs, and eliminates standalone Redfin equity going forward.
Panoramica del Modulo 4: Il Chief Growth Officer Christian J. Taubman ha comunicato la cessione di tutte le azioni di Redfin Corporation (RDFN) in data 1 luglio 2025, in seguito al completamento della fusione precedentemente annunciata tra Redfin e Rocket Companies, Inc. ("Societ脿 Madre").
Dettagli principali
- Fusione completata: Neptune Merger Sub, una controllata interamente posseduta da Rocket, si 猫 fusa con Redfin, rendendo Redfin una controllata al 100% di Rocket.
- Rapporto di conversione azioni: Ogni azione ordinaria Redfin 猫 stata convertita in 0,7926 azioni ordinarie Classe A di Rocket pi霉 un corrispettivo in denaro per le frazioni di azioni.
- Azioni ordinarie: Le azioni Redfin di Taubman sono state segnalate come cedute (codice D) in seguito alla fusione; 92.696 azioni risultano ancora di propriet脿 dopo l鈥檕perazione, ma rappresentano ora il diritto su azioni Rocket tramite il rapporto di cambio.
- Restricted Stock Units (RSU): Cinque blocchi per un totale di 559.092 RSU sono stati convertiti in RSU Rocket applicando lo stesso rapporto di cambio 0,7926. Tutti i piani di maturazione e le condizioni rimangono invariati.
- Forma di propriet脿: Tutte le partecipazioni sono riportate come dirette.
Conclusione per l鈥檌nvestitore: La comunicazione ha carattere principalmente amministrativo, documentando la conversione delle azioni e non una vendita sul mercato aperto. Conferma il completamento della fusione, mantiene l鈥檃llineamento degli incentivi del management tramite le RSU assunte e elimina la presenza di azioni Redfin autonome in futuro.
Resumen del Formulario 4: El Chief Growth Officer Christian J. Taubman inform贸 la disposici贸n de todas las acciones de Redfin Corporation (RDFN) el 1 de julio de 2025 en relaci贸n con el cierre de la fusi贸n previamente anunciada entre Redfin y Rocket Companies, Inc. ("Matriz").
Detalles clave
- Fusi贸n completada: Neptune Merger Sub, una subsidiaria totalmente propiedad de Rocket, se fusion贸 con Redfin, convirtiendo a Redfin en una subsidiaria totalmente controlada por Rocket.
- Ratio de conversi贸n de acciones: Cada acci贸n com煤n de Redfin fue convertida en 0,7926 acciones comunes Clase A de Rocket m谩s efectivo por las fracciones de acciones.
- Acciones comunes: Las acciones de Redfin de Taubman se reportaron como dispuestas (c贸digo D) conforme a la fusi贸n; 92,696 acciones permanecen como propiedad despu茅s de la transacci贸n, pero ahora representan derechos sobre Rocket mediante el ratio de intercambio.
- Unidades de Acciones Restringidas (RSU): Cinco bloques que suman 559,092 RSU fueron convertidos en RSU de Rocket usando el mismo ratio de 0,7926. Todos los planes de adquisici贸n y dem谩s t茅rminos permanecen sin cambios.
- Forma de propiedad: Todas las participaciones se reportan como directas.
Conclusi贸n para el inversor: La presentaci贸n es mayormente administrativa, documentando la conversi贸n de acciones en lugar de una venta en el mercado abierto. Confirma la consumaci贸n de la fusi贸n, preserva la alineaci贸n de incentivos del equipo directivo mediante las RSU asumidas y elimina la existencia independiente de acciones de Redfin en adelante.
Form 4 臧滌殧: 斓滉碃 靹膘灔 毂呾瀯鞛�(Chief Growth Officer) Christian J. Taubman鞚� 2025雲� 7鞗� 1鞚�鞐� Redfin Corporation (RDFN) 欤检嫕 鞝勲秬 觳橂秳鞚� 氤搓碃頄堨溂氅�, 鞚措姅 Redfin瓿� Rocket Companies, Inc.("氇殞靷�") 臧勳棎 靷爠鞐� 氚滍憸霅� 頃╇硲 膦呺鞕� 甏�霠悳 瓴冹瀰雼堧嫟.
欤检殧 雮挫毄
- 頃╇硲 鞕勲: Rocket鞚� 鞝勳暋 於滌瀽 鞛愴殞靷澑 Neptune Merger Sub臧� Redfin瓿� 頃╇硲霅橃柎 Redfin鞚� Rocket鞚� 鞝勳暋 於滌瀽 鞛愴殞靷皜 霅橃棃鞀惦媹雼�.
- 欤检嫕 鞝勴櫂 牍勳湪: Redfin 氤错喌欤� 1欤茧姅 0.7926 Rocket Class A 氤错喌欤检檧 靻岇垬 欤检嫕鞐� 雽�頃� 順勱笀鞙茧 鞝勴櫂霅橃棃鞀惦媹雼�.
- 氤错喌欤�: Taubman鞚� Redfin 欤检嫕鞚� 頃╇硲鞐� 霐半澕 觳橂秳霅�(旖旊摐 D)鞙茧 氤搓碃霅橃棃鞙茧┌, 瓯半灅 頉� 92,696欤缄皜 鞐爠頌� 鞁れ鞝侅溂搿� 氤挫湢 欷戩澊雮� 鞚措姅 甑愴櫂 牍勳湪鞐� 霐半ジ Rocket 欤检嫕 甓岆Μ搿� 雽�觳措悩鞐堨姷雼堧嫟.
- 鞝滍暅 欤检嫕 雼渼(RSU): 齑� 5臧� 氍鹅潓, 559,092 RSU臧� 霃欖澕頃� 0.7926 甑愴櫂 牍勳湪搿� Rocket RSU搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 氇摖 氩犾姢韺� 鞚检爼 氚� 旮绊儉 臁瓣贝鞚� 氤�瓴诫悩歆� 鞎婌晿鞀惦媹雼�.
- 靻岇湢 順曧儨: 氇摖 氤挫湢 欤检嫕鞚� 歆侅爲 靻岇湢搿� 氤搓碃霅橃棃鞀惦媹雼�.
韴瀽鞛� 鞖旍爯: 鞚措矆 鞁犼碃電� 欤茧 頄夓爼鞝� 靹标博鞙茧, 瓿店皽 鞁滌灔鞐愳劀鞚� 毵る弰臧� 鞎勲媹霛� 欤检嫕 鞝勴櫂鞚� 氍胳劀頇旐暅 瓴冹瀰雼堧嫟. 頃╇硲 鞕勲毳� 頇曥澑頃橁碃, RSU毳� 韱淀暅 瓴届榿歆� 鞚胳劶韹半笇 鞝曤牞鞚� 鞙犾頃橂┌, 鞎烄溂搿� 霃呺鞝侅澑 Redfin 欤检嫕鞚� 鞐嗢柎歆勲嫟電� 鞝愳潉 氇呿檿頌� 頃╇媹雼�.
Pr茅sentation du Formulaire 4 : Le Chief Growth Officer Christian J. Taubman a d茅clar茅 la cession de toutes les actions de Redfin Corporation (RDFN) le 1er juillet 2025, suite 脿 la finalisation de la fusion pr茅c茅demment annonc茅e entre Redfin et Rocket Companies, Inc. ("Soci茅t茅 M猫re").
Points cl茅s
- Fusion r茅alis茅e : Neptune Merger Sub, une filiale d茅tenue 脿 100 % par Rocket, a fusionn茅 avec Redfin, faisant de Redfin une filiale 脿 100 % de Rocket.
- Taux de conversion des actions : Chaque action ordinaire Redfin a 茅t茅 convertie en 0,7926 actions ordinaires de classe A de Rocket, plus un paiement en esp猫ces pour les fractions d鈥檃ctions.
- Actions ordinaires : Les actions Redfin de Taubman ont 茅t茅 d茅clar茅es comme dispos茅es (code D) suite 脿 la fusion ; 92 696 actions sont toujours d茅tenues apr猫s la transaction, mais repr茅sentent d茅sormais des droits sur Rocket via le ratio d鈥櫭ヽhange.
- Unit茅s d鈥檃ctions restreintes (RSU) : Cinq lots totalisant 559 092 RSU ont 茅t茅 convertis en RSU Rocket selon le m锚me ratio de 0,7926. Tous les calendriers d鈥檃cquisition et autres conditions restent inchang茅s.
- Forme de propri茅t茅 : Toutes les participations sont d茅clar茅es comme directes.
Conclusion pour l鈥檌nvestisseur : Cette d茅claration est principalement administrative, documentant une conversion d鈥檃ctions plut么t qu鈥檜ne vente sur le march茅 libre. Elle confirme la r茅alisation de la fusion, maintient l鈥檃lignement des incitations de la direction via les RSU reprises, et 茅limine les actions Redfin autonomes 脿 l鈥檃venir.
脺berblick Formular 4: Chief Growth Officer Christian J. Taubman meldete die Ver盲u脽erung aller Redfin Corporation (RDFN) Aktien am 1. Juli 2025 im Zusammenhang mit dem Abschluss der zuvor angek眉ndigten Fusion zwischen Redfin und Rocket Companies, Inc. ("Muttergesellschaft").
Wesentliche Details
- Fusion abgeschlossen: Neptune Merger Sub, eine hundertprozentige Tochtergesellschaft von Rocket, fusionierte mit Redfin, wodurch Redfin eine hundertprozentige Tochtergesellschaft von Rocket wurde.
- 础办迟颈别苍耻尘迟补耻蝉肠丑惫别谤丑盲濒迟苍颈蝉: Jede Redfin-Stammaktie wurde in 0,7926 Rocket Class A Stammaktien umgewandelt, zuz眉glich Barausgleich f眉r Bruchst眉cke.
- Stammaktien: Taubmans Redfin-Aktien wurden gem盲脽 der Fusion als ver盲u脽ert (Code D) gemeldet; 92.696 Aktien werden nach der Transaktion weiterhin wirtschaftlich gehalten, stellen nun jedoch Rocket-Anteile gem盲脽 dem Umtauschverh盲ltnis dar.
- Restricted Stock Units (RSUs): F眉nf Tranchen mit insgesamt 559.092 RSUs wurden mit demselben Umtauschverh盲ltnis 0,7926 in Rocket-RSUs umgewandelt. Alle Vesting-Pl盲ne und sonstigen Bedingungen bleiben unver盲ndert.
- Eigentumsform: Alle Beteiligungen werden als direkt gemeldet.
Fazit f眉r Investoren: Die Meldung ist haupts盲chlich administrativer Natur und dokumentiert die Aktienumwandlung, nicht einen Verkauf am offenen Markt. Sie best盲tigt den Abschluss der Fusion, bewahrt die Management-Anreizstruktur durch 眉bernommene RSUs und eliminiert k眉nftig eigenst盲ndige Redfin-Aktien.
- Merger consummation confirmed, providing definitive transaction closure and clarity on consideration for Redfin shareholders.
- Executive RSUs carried over to Rocket on identical vesting terms, helping maintain management alignment post-acquisition.
- None.
Insights
TL;DR Redfin-Rocket merger closed; insider鈥檚 equity converted, no cash sale, confirms deal completion and new ownership structure.
Pursuant to the March 9 2025 Merger Agreement, all Redfin securities converted into Rocket equity at a fixed 0.7926 ratio. Taubman鈥檚 Form 4 simply records that mechanical exchange: 92,696 common shares and 559,092 RSUs translated into equivalent Rocket instruments. No price information or incremental compensation is disclosed, so market impact hinges on how investors value the exchange ratio versus pre-deal prices. For legacy RDFN holders, the filing confirms final consideration and extinguishes independent Redfin float. Because the RSUs were assumed on identical terms, executive retention incentives remain intact, reducing integration risk. Overall, the disclosure is procedural yet materially confirms that deal closing conditions were met.
Panoramica del Modulo 4: Il Chief Growth Officer Christian J. Taubman ha comunicato la cessione di tutte le azioni di Redfin Corporation (RDFN) in data 1 luglio 2025, in seguito al completamento della fusione precedentemente annunciata tra Redfin e Rocket Companies, Inc. ("Societ脿 Madre").
Dettagli principali
- Fusione completata: Neptune Merger Sub, una controllata interamente posseduta da Rocket, si 猫 fusa con Redfin, rendendo Redfin una controllata al 100% di Rocket.
- Rapporto di conversione azioni: Ogni azione ordinaria Redfin 猫 stata convertita in 0,7926 azioni ordinarie Classe A di Rocket pi霉 un corrispettivo in denaro per le frazioni di azioni.
- Azioni ordinarie: Le azioni Redfin di Taubman sono state segnalate come cedute (codice D) in seguito alla fusione; 92.696 azioni risultano ancora di propriet脿 dopo l鈥檕perazione, ma rappresentano ora il diritto su azioni Rocket tramite il rapporto di cambio.
- Restricted Stock Units (RSU): Cinque blocchi per un totale di 559.092 RSU sono stati convertiti in RSU Rocket applicando lo stesso rapporto di cambio 0,7926. Tutti i piani di maturazione e le condizioni rimangono invariati.
- Forma di propriet脿: Tutte le partecipazioni sono riportate come dirette.
Conclusione per l鈥檌nvestitore: La comunicazione ha carattere principalmente amministrativo, documentando la conversione delle azioni e non una vendita sul mercato aperto. Conferma il completamento della fusione, mantiene l鈥檃llineamento degli incentivi del management tramite le RSU assunte e elimina la presenza di azioni Redfin autonome in futuro.
Resumen del Formulario 4: El Chief Growth Officer Christian J. Taubman inform贸 la disposici贸n de todas las acciones de Redfin Corporation (RDFN) el 1 de julio de 2025 en relaci贸n con el cierre de la fusi贸n previamente anunciada entre Redfin y Rocket Companies, Inc. ("Matriz").
Detalles clave
- Fusi贸n completada: Neptune Merger Sub, una subsidiaria totalmente propiedad de Rocket, se fusion贸 con Redfin, convirtiendo a Redfin en una subsidiaria totalmente controlada por Rocket.
- Ratio de conversi贸n de acciones: Cada acci贸n com煤n de Redfin fue convertida en 0,7926 acciones comunes Clase A de Rocket m谩s efectivo por las fracciones de acciones.
- Acciones comunes: Las acciones de Redfin de Taubman se reportaron como dispuestas (c贸digo D) conforme a la fusi贸n; 92,696 acciones permanecen como propiedad despu茅s de la transacci贸n, pero ahora representan derechos sobre Rocket mediante el ratio de intercambio.
- Unidades de Acciones Restringidas (RSU): Cinco bloques que suman 559,092 RSU fueron convertidos en RSU de Rocket usando el mismo ratio de 0,7926. Todos los planes de adquisici贸n y dem谩s t茅rminos permanecen sin cambios.
- Forma de propiedad: Todas las participaciones se reportan como directas.
Conclusi贸n para el inversor: La presentaci贸n es mayormente administrativa, documentando la conversi贸n de acciones en lugar de una venta en el mercado abierto. Confirma la consumaci贸n de la fusi贸n, preserva la alineaci贸n de incentivos del equipo directivo mediante las RSU asumidas y elimina la existencia independiente de acciones de Redfin en adelante.
Form 4 臧滌殧: 斓滉碃 靹膘灔 毂呾瀯鞛�(Chief Growth Officer) Christian J. Taubman鞚� 2025雲� 7鞗� 1鞚�鞐� Redfin Corporation (RDFN) 欤检嫕 鞝勲秬 觳橂秳鞚� 氤搓碃頄堨溂氅�, 鞚措姅 Redfin瓿� Rocket Companies, Inc.("氇殞靷�") 臧勳棎 靷爠鞐� 氚滍憸霅� 頃╇硲 膦呺鞕� 甏�霠悳 瓴冹瀰雼堧嫟.
欤检殧 雮挫毄
- 頃╇硲 鞕勲: Rocket鞚� 鞝勳暋 於滌瀽 鞛愴殞靷澑 Neptune Merger Sub臧� Redfin瓿� 頃╇硲霅橃柎 Redfin鞚� Rocket鞚� 鞝勳暋 於滌瀽 鞛愴殞靷皜 霅橃棃鞀惦媹雼�.
- 欤检嫕 鞝勴櫂 牍勳湪: Redfin 氤错喌欤� 1欤茧姅 0.7926 Rocket Class A 氤错喌欤检檧 靻岇垬 欤检嫕鞐� 雽�頃� 順勱笀鞙茧 鞝勴櫂霅橃棃鞀惦媹雼�.
- 氤错喌欤�: Taubman鞚� Redfin 欤检嫕鞚� 頃╇硲鞐� 霐半澕 觳橂秳霅�(旖旊摐 D)鞙茧 氤搓碃霅橃棃鞙茧┌, 瓯半灅 頉� 92,696欤缄皜 鞐爠頌� 鞁れ鞝侅溂搿� 氤挫湢 欷戩澊雮� 鞚措姅 甑愴櫂 牍勳湪鞐� 霐半ジ Rocket 欤检嫕 甓岆Μ搿� 雽�觳措悩鞐堨姷雼堧嫟.
- 鞝滍暅 欤检嫕 雼渼(RSU): 齑� 5臧� 氍鹅潓, 559,092 RSU臧� 霃欖澕頃� 0.7926 甑愴櫂 牍勳湪搿� Rocket RSU搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 氇摖 氩犾姢韺� 鞚检爼 氚� 旮绊儉 臁瓣贝鞚� 氤�瓴诫悩歆� 鞎婌晿鞀惦媹雼�.
- 靻岇湢 順曧儨: 氇摖 氤挫湢 欤检嫕鞚� 歆侅爲 靻岇湢搿� 氤搓碃霅橃棃鞀惦媹雼�.
韴瀽鞛� 鞖旍爯: 鞚措矆 鞁犼碃電� 欤茧 頄夓爼鞝� 靹标博鞙茧, 瓿店皽 鞁滌灔鞐愳劀鞚� 毵る弰臧� 鞎勲媹霛� 欤检嫕 鞝勴櫂鞚� 氍胳劀頇旐暅 瓴冹瀰雼堧嫟. 頃╇硲 鞕勲毳� 頇曥澑頃橁碃, RSU毳� 韱淀暅 瓴届榿歆� 鞚胳劶韹半笇 鞝曤牞鞚� 鞙犾頃橂┌, 鞎烄溂搿� 霃呺鞝侅澑 Redfin 欤检嫕鞚� 鞐嗢柎歆勲嫟電� 鞝愳潉 氇呿檿頌� 頃╇媹雼�.
Pr茅sentation du Formulaire 4 : Le Chief Growth Officer Christian J. Taubman a d茅clar茅 la cession de toutes les actions de Redfin Corporation (RDFN) le 1er juillet 2025, suite 脿 la finalisation de la fusion pr茅c茅demment annonc茅e entre Redfin et Rocket Companies, Inc. ("Soci茅t茅 M猫re").
Points cl茅s
- Fusion r茅alis茅e : Neptune Merger Sub, une filiale d茅tenue 脿 100 % par Rocket, a fusionn茅 avec Redfin, faisant de Redfin une filiale 脿 100 % de Rocket.
- Taux de conversion des actions : Chaque action ordinaire Redfin a 茅t茅 convertie en 0,7926 actions ordinaires de classe A de Rocket, plus un paiement en esp猫ces pour les fractions d鈥檃ctions.
- Actions ordinaires : Les actions Redfin de Taubman ont 茅t茅 d茅clar茅es comme dispos茅es (code D) suite 脿 la fusion ; 92 696 actions sont toujours d茅tenues apr猫s la transaction, mais repr茅sentent d茅sormais des droits sur Rocket via le ratio d鈥櫭ヽhange.
- Unit茅s d鈥檃ctions restreintes (RSU) : Cinq lots totalisant 559 092 RSU ont 茅t茅 convertis en RSU Rocket selon le m锚me ratio de 0,7926. Tous les calendriers d鈥檃cquisition et autres conditions restent inchang茅s.
- Forme de propri茅t茅 : Toutes les participations sont d茅clar茅es comme directes.
Conclusion pour l鈥檌nvestisseur : Cette d茅claration est principalement administrative, documentant une conversion d鈥檃ctions plut么t qu鈥檜ne vente sur le march茅 libre. Elle confirme la r茅alisation de la fusion, maintient l鈥檃lignement des incitations de la direction via les RSU reprises, et 茅limine les actions Redfin autonomes 脿 l鈥檃venir.
脺berblick Formular 4: Chief Growth Officer Christian J. Taubman meldete die Ver盲u脽erung aller Redfin Corporation (RDFN) Aktien am 1. Juli 2025 im Zusammenhang mit dem Abschluss der zuvor angek眉ndigten Fusion zwischen Redfin und Rocket Companies, Inc. ("Muttergesellschaft").
Wesentliche Details
- Fusion abgeschlossen: Neptune Merger Sub, eine hundertprozentige Tochtergesellschaft von Rocket, fusionierte mit Redfin, wodurch Redfin eine hundertprozentige Tochtergesellschaft von Rocket wurde.
- 础办迟颈别苍耻尘迟补耻蝉肠丑惫别谤丑盲濒迟苍颈蝉: Jede Redfin-Stammaktie wurde in 0,7926 Rocket Class A Stammaktien umgewandelt, zuz眉glich Barausgleich f眉r Bruchst眉cke.
- Stammaktien: Taubmans Redfin-Aktien wurden gem盲脽 der Fusion als ver盲u脽ert (Code D) gemeldet; 92.696 Aktien werden nach der Transaktion weiterhin wirtschaftlich gehalten, stellen nun jedoch Rocket-Anteile gem盲脽 dem Umtauschverh盲ltnis dar.
- Restricted Stock Units (RSUs): F眉nf Tranchen mit insgesamt 559.092 RSUs wurden mit demselben Umtauschverh盲ltnis 0,7926 in Rocket-RSUs umgewandelt. Alle Vesting-Pl盲ne und sonstigen Bedingungen bleiben unver盲ndert.
- Eigentumsform: Alle Beteiligungen werden als direkt gemeldet.
Fazit f眉r Investoren: Die Meldung ist haupts盲chlich administrativer Natur und dokumentiert die Aktienumwandlung, nicht einen Verkauf am offenen Markt. Sie best盲tigt den Abschluss der Fusion, bewahrt die Management-Anreizstruktur durch 眉bernommene RSUs und eliminiert k眉nftig eigenst盲ndige Redfin-Aktien.
FAQ
What did Redfin (RDFN) shareholders receive at closing?
How many Redfin RSUs held by the Chief Growth Officer were converted?
Did the insider sell shares on the open market?
Are the vesting schedules for the converted RSUs changed?
What is the significance of the 92,696 shares reported as beneficially owned?
