[Form 4] Redfin Corporation Insider Trading Activity
Redfin Corporation (RDFN) filed a Form 4 for director Julie Bornstein. On 26 June 2025, Bornstein converted 17,080 restricted stock units (RSUs) into an equal number of common shares (transaction code M). No shares were sold, and the conversion price was listed as $0, consistent with RSU settlement. Following the transaction, Bornstein now directly owns 85,722 common shares.
The RSUs vested pursuant to Redfin鈥檚 Equity Incentive Plan in connection with the pending acquisition of Redfin by Rocket Companies, Inc. (announced 9 March 2025). Because RSUs either vest or are cancelled, they now show a zero derivative balance post-conversion. The filing does not introduce new financial metrics or alter merger terms; it simply updates insider ownership in advance of the anticipated deal closing.
Redfin Corporation (RDFN) ha presentato un Modulo 4 per la direttrice Julie Bornstein. Il 26 giugno 2025, Bornstein ha convertito 17.080 unit脿 di azioni vincolate (RSU) in un uguale numero di azioni ordinarie (codice transazione M). Nessuna azione 猫 stata venduta e il prezzo di conversione 猫 stato indicato come $0, in linea con la liquidazione delle RSU. Dopo la transazione, Bornstein possiede direttamente 85.722 azioni ordinarie.
Le RSU sono maturate secondo il Piano di Incentivi Azionari di Redfin in relazione alla prossima acquisizione di Redfin da parte di Rocket Companies, Inc. (annunciata il 9 marzo 2025). Poich茅 le RSU maturano o vengono cancellate, ora mostrano un saldo derivato pari a zero dopo la conversione. La comunicazione non introduce nuovi dati finanziari n茅 modifica i termini della fusione; si limita ad aggiornare la propriet脿 interna in vista della chiusura prevista dell鈥檃ccordo.
Redfin Corporation (RDFN) present贸 un Formulario 4 para la directora Julie Bornstein. El 26 de junio de 2025, Bornstein convirti贸 17,080 unidades restringidas de acciones (RSU) en un n煤mero igual de acciones comunes (c贸digo de transacci贸n M). No se vendieron acciones y el precio de conversi贸n se indic贸 como $0, consistente con la liquidaci贸n de RSU. Tras la transacci贸n, Bornstein posee directamente 85,722 acciones comunes.
Las RSU se consolidaron conforme al Plan de Incentivos de Capital de Redfin en relaci贸n con la adquisici贸n pendiente de Redfin por Rocket Companies, Inc. (anunciada el 9 de marzo de 2025). Dado que las RSU se consolidan o cancelan, ahora muestran un saldo derivado cero tras la conversi贸n. La presentaci贸n no introduce nuevas m茅tricas financieras ni altera los t茅rminos de la fusi贸n; simplemente actualiza la propiedad interna antes del cierre anticipado del acuerdo.
Redfin Corporation(RDFN)電� 鞚挫偓 Julie Bornstein鞐� 雽�頃� Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 2025雲� 6鞗� 26鞚�, Bornstein鞚� 17,080臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 霃欖澕 靾橃潣 氤错喌欤茧 鞝勴櫂頄堨姷雼堧嫟(瓯半灅 旖旊摐 M). 欤检嫕鞚� 韺愲Г霅橃 鞎婌晿鞙茧┌, 鞝勴櫂 臧�瓴╈潃 RSU 鞝曥偘鞐� 霐半澕 $0搿� 旮办灛霅橃棃鞀惦媹雼�. 瓯半灅 頉� Bornstein鞚� 歆侅爲 85,722欤检潣 氤错喌欤�毳� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�.
鞚� RSU電� 2025雲� 3鞗� 9鞚� 氚滍憸霅� Rocket Companies, Inc.鞚� Redfin 鞚胳垬 鞓堨爼瓿� 甏�霠晿鞐� Redfin鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 甓岆Μ臧� 頇曥爼霅橃棃鞀惦媹雼�. RSU電� 甓岆Μ臧� 頇曥爼霅橁卑雮� 旆唽霅橂瘈搿� 鞝勴櫂 頉� 韺岇儩 鞛旍暋鞚� 0鞙茧 雮橅儉雮╇媹雼�. 鞚措矆 鞝滌稖鞚� 靸堧鞖� 鞛 歆�響滊ゼ 霃勳瀰頃橁卑雮� 鞚胳垬 臁瓣贝鞚� 氤�瓴巾晿歆� 鞎婌溂氅�, 鞓堨儊 瓯半灅 鞕勲 鞝勳棎 雮措秬鞛� 靻岇湢 順勴櫓鞚� 鞐呺嵃鞚错姼頃橂姅 雮挫毄鞛呺媹雼�.
Redfin Corporation (RDFN) a d茅pos茅 un formulaire 4 pour la directrice Julie Bornstein. Le 26 juin 2025, Bornstein a converti 17 080 unit茅s d鈥檃ctions restreintes (RSU) en un nombre 茅gal d鈥檃ctions ordinaires (code de transaction M). Aucune action n鈥檃 茅t茅 vendue et le prix de conversion a 茅t茅 fix茅 脿 0 $, conform茅ment au r猫glement des RSU. Apr猫s la transaction, Bornstein d茅tient d茅sormais directement 85 722 actions ordinaires.
Les RSU ont 茅t茅 acquises conform茅ment au Plan d鈥檌ncitation en actions de Redfin dans le cadre de l鈥檃cquisition en cours de Redfin par Rocket Companies, Inc. (annonc茅e le 9 mars 2025). Comme les RSU sont soit acquises, soit annul茅es, leur solde d茅riv茅 est d茅sormais nul apr猫s conversion. Le d茅p么t ne pr茅sente pas de nouvelles donn茅es financi猫res ni ne modifie les termes de la fusion ; il met simplement 脿 jour la d茅tention d鈥檌niti茅s avant la cl么ture pr茅vue de l鈥檕p茅ration.
Redfin Corporation (RDFN) reichte ein Formular 4 f眉r Direktorin Julie Bornstein ein. Am 26. Juni 2025 wandelte Bornstein 17.080 Restricted Stock Units (RSUs) in eine gleiche Anzahl von Stammaktien um (Transaktionscode M). Es wurden keine Aktien verkauft, und der Umwandlungspreis wurde mit 0 $ angegeben, was der RSU-Abwicklung entspricht. Nach der Transaktion besitzt Bornstein nun direkt 85.722 Stammaktien.
Die RSUs wurden gem盲脽 Redfins Aktienanreizplan im Zusammenhang mit der anstehenden 脺bernahme von Redfin durch Rocket Companies, Inc. (angek眉ndigt am 9. M盲rz 2025) ausge眉bt. Da RSUs entweder ausge眉bt oder storniert werden, zeigen sie nach der Umwandlung einen derivativen Saldo von null. Die Einreichung enth盲lt keine neuen finanziellen Kennzahlen und 盲ndert nicht die Fusionsbedingungen; sie aktualisiert lediglich den Insiderbesitz vor dem erwarteten Abschluss des Gesch盲fts.
- None.
- None.
Insights
TL;DR: Routine RSU conversion; no shares sold, ownership rises to 85,722鈥攏eutral signal.
This Form 4 reflects a standard equity award vesting tied to the merger timeline. The absence of share sales indicates the director retains economic exposure, but the transaction itself neither adds nor subtracts cash from the company and does not affect the merger鈥檚 economics. Consequently, market impact should be minimal, serving mainly as a procedural update on insider holdings.
TL;DR: Filing confirms equity plan mechanics triggered by Rocket acquisition; governance implications unchanged.
The disclosure shows compliance with Section 16 reporting and confirms that outstanding RSUs were structured to vest upon a change-of-control milestone. Such alignment is common, ensuring directors receive earned equity before merger completion. No red flags arise regarding timing or form accuracy. Overall, it is a non-impactful, governance-routine event.
Redfin Corporation (RDFN) ha presentato un Modulo 4 per la direttrice Julie Bornstein. Il 26 giugno 2025, Bornstein ha convertito 17.080 unit脿 di azioni vincolate (RSU) in un uguale numero di azioni ordinarie (codice transazione M). Nessuna azione 猫 stata venduta e il prezzo di conversione 猫 stato indicato come $0, in linea con la liquidazione delle RSU. Dopo la transazione, Bornstein possiede direttamente 85.722 azioni ordinarie.
Le RSU sono maturate secondo il Piano di Incentivi Azionari di Redfin in relazione alla prossima acquisizione di Redfin da parte di Rocket Companies, Inc. (annunciata il 9 marzo 2025). Poich茅 le RSU maturano o vengono cancellate, ora mostrano un saldo derivato pari a zero dopo la conversione. La comunicazione non introduce nuovi dati finanziari n茅 modifica i termini della fusione; si limita ad aggiornare la propriet脿 interna in vista della chiusura prevista dell鈥檃ccordo.
Redfin Corporation (RDFN) present贸 un Formulario 4 para la directora Julie Bornstein. El 26 de junio de 2025, Bornstein convirti贸 17,080 unidades restringidas de acciones (RSU) en un n煤mero igual de acciones comunes (c贸digo de transacci贸n M). No se vendieron acciones y el precio de conversi贸n se indic贸 como $0, consistente con la liquidaci贸n de RSU. Tras la transacci贸n, Bornstein posee directamente 85,722 acciones comunes.
Las RSU se consolidaron conforme al Plan de Incentivos de Capital de Redfin en relaci贸n con la adquisici贸n pendiente de Redfin por Rocket Companies, Inc. (anunciada el 9 de marzo de 2025). Dado que las RSU se consolidan o cancelan, ahora muestran un saldo derivado cero tras la conversi贸n. La presentaci贸n no introduce nuevas m茅tricas financieras ni altera los t茅rminos de la fusi贸n; simplemente actualiza la propiedad interna antes del cierre anticipado del acuerdo.
Redfin Corporation(RDFN)電� 鞚挫偓 Julie Bornstein鞐� 雽�頃� Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 2025雲� 6鞗� 26鞚�, Bornstein鞚� 17,080臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 霃欖澕 靾橃潣 氤错喌欤茧 鞝勴櫂頄堨姷雼堧嫟(瓯半灅 旖旊摐 M). 欤检嫕鞚� 韺愲Г霅橃 鞎婌晿鞙茧┌, 鞝勴櫂 臧�瓴╈潃 RSU 鞝曥偘鞐� 霐半澕 $0搿� 旮办灛霅橃棃鞀惦媹雼�. 瓯半灅 頉� Bornstein鞚� 歆侅爲 85,722欤检潣 氤错喌欤�毳� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�.
鞚� RSU電� 2025雲� 3鞗� 9鞚� 氚滍憸霅� Rocket Companies, Inc.鞚� Redfin 鞚胳垬 鞓堨爼瓿� 甏�霠晿鞐� Redfin鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 甓岆Μ臧� 頇曥爼霅橃棃鞀惦媹雼�. RSU電� 甓岆Μ臧� 頇曥爼霅橁卑雮� 旆唽霅橂瘈搿� 鞝勴櫂 頉� 韺岇儩 鞛旍暋鞚� 0鞙茧 雮橅儉雮╇媹雼�. 鞚措矆 鞝滌稖鞚� 靸堧鞖� 鞛 歆�響滊ゼ 霃勳瀰頃橁卑雮� 鞚胳垬 臁瓣贝鞚� 氤�瓴巾晿歆� 鞎婌溂氅�, 鞓堨儊 瓯半灅 鞕勲 鞝勳棎 雮措秬鞛� 靻岇湢 順勴櫓鞚� 鞐呺嵃鞚错姼頃橂姅 雮挫毄鞛呺媹雼�.
Redfin Corporation (RDFN) a d茅pos茅 un formulaire 4 pour la directrice Julie Bornstein. Le 26 juin 2025, Bornstein a converti 17 080 unit茅s d鈥檃ctions restreintes (RSU) en un nombre 茅gal d鈥檃ctions ordinaires (code de transaction M). Aucune action n鈥檃 茅t茅 vendue et le prix de conversion a 茅t茅 fix茅 脿 0 $, conform茅ment au r猫glement des RSU. Apr猫s la transaction, Bornstein d茅tient d茅sormais directement 85 722 actions ordinaires.
Les RSU ont 茅t茅 acquises conform茅ment au Plan d鈥檌ncitation en actions de Redfin dans le cadre de l鈥檃cquisition en cours de Redfin par Rocket Companies, Inc. (annonc茅e le 9 mars 2025). Comme les RSU sont soit acquises, soit annul茅es, leur solde d茅riv茅 est d茅sormais nul apr猫s conversion. Le d茅p么t ne pr茅sente pas de nouvelles donn茅es financi猫res ni ne modifie les termes de la fusion ; il met simplement 脿 jour la d茅tention d鈥檌niti茅s avant la cl么ture pr茅vue de l鈥檕p茅ration.
Redfin Corporation (RDFN) reichte ein Formular 4 f眉r Direktorin Julie Bornstein ein. Am 26. Juni 2025 wandelte Bornstein 17.080 Restricted Stock Units (RSUs) in eine gleiche Anzahl von Stammaktien um (Transaktionscode M). Es wurden keine Aktien verkauft, und der Umwandlungspreis wurde mit 0 $ angegeben, was der RSU-Abwicklung entspricht. Nach der Transaktion besitzt Bornstein nun direkt 85.722 Stammaktien.
Die RSUs wurden gem盲脽 Redfins Aktienanreizplan im Zusammenhang mit der anstehenden 脺bernahme von Redfin durch Rocket Companies, Inc. (angek眉ndigt am 9. M盲rz 2025) ausge眉bt. Da RSUs entweder ausge眉bt oder storniert werden, zeigen sie nach der Umwandlung einen derivativen Saldo von null. Die Einreichung enth盲lt keine neuen finanziellen Kennzahlen und 盲ndert nicht die Fusionsbedingungen; sie aktualisiert lediglich den Insiderbesitz vor dem erwarteten Abschluss des Gesch盲fts.
FAQ
How many Redfin (RDFN) shares did Julie Bornstein acquire?
What transaction code appears on the Form 4?
What is Julie Bornstein's total Redfin share ownership after the transaction?
Did the Form 4 report any share sales?
What triggered the RSU vesting reported in the Form 4?
When did the RSUs convert to common stock?
