AG˹ٷ

STOCK TITAN

[Form 4] Redfin Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Redfin Corporation (RDFN) � 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�$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’s consummation and clarifies the treatment of employee equity awards, providing transparency on the exchange mechanics for existing Redfin shareholders.

Redfin Corporation (RDFN) � Comunicazione interna Form 4

La Chief Technology Officer Bridget Frey ha dichiarato la cessione automatica di tutte le partecipazioni azionarie Redfin il 1° luglio 2025, data in cui Redfin ha completato la fusione con Rocket Companies, Inc. ("Società madre"). L’operazione è interamente guidata dalla fusione e non prevede vendite sul mercato aperto.

  • Azioni ordinarie: 484.799 azioni Redfin sono state convertite in azioni ordinarie Classe A della Società madre con un rapporto fisso di 0,7926 azioni della Società madre per ogni azione Redfin, con pagamento in contanti per le frazioni di azioni.
  • Opzioni azionarie: 167.781 opzioni in essere (prezzi di esercizio da $8,61 a $10,80) sono state assunte dalla Società madre e convertite in opzioni sulle sue azioni Classe A. Il numero di azioni per ogni opzione è stato moltiplicato per il rapporto 0,7926; i prezzi di esercizio sono stati divisi per lo stesso rapporto. Tutte le opzioni mantengono i termini originali di maturazione e scadenza.
  • Unità azionarie vincolate (RSU): 556.705 RSU non maturate o non liquidate sono state anch’esse assunte dalla Società madre e convertite in RSU per azioni della Società madre in base al rapporto di cambio. I programmi di maturazione restano invariati.

Dopo la chiusura, Frey non detiene alcun titolo Redfin direttamente; la sua proprietà è ora esclusivamente in strumenti azionari di Rocket Companies. La comunicazione conferma il completamento della fusione e chiarisce il trattamento delle partecipazioni azionarie dei dipendenti, offrendo trasparenza sulle modalità di conversione per gli azionisti Redfin esistenti.

Redfin Corporation (RDFN) � Presentación interna Formulario 4

La Directora de Tecnología, Bridget Frey, reveló la disposición automática de todas las participaciones accionarias de Redfin el 1 de julio de 2025, fecha en que Redfin completó su fusión con Rocket Companies, Inc. ("Matriz"). La transacción está completamente impulsada por la fusión y no involucra ventas en el mercado abierto.

  • Acciones comunes: 484,799 acciones de Redfin se convirtieron en acciones comunes Clase A de la Matriz a una tasa fija de 0.7926 acciones de la Matriz por cada acción de Redfin, pagándose en efectivo las fracciones de acciones.
  • Opciones sobre acciones: 167,781 opciones vigentes (precios de ejercicio entre $8.61 y $10.80) fueron asumidas por la Matriz y convertidas en opciones sobre sus acciones Clase A. El número de acciones por opción se multiplicó por la tasa 0.7926; los precios de ejercicio se dividieron por la misma tasa. Todas las opciones mantienen sus términos originales de adquisición y vencimiento.
  • Unidades de acciones restringidas (RSU): 556,705 RSU no adquiridas o no liquidadas fueron igualmente asumidas por la Matriz y convertidas en RSU para acciones de la Matriz según la tasa de cambio. Los calendarios de adquisición permanecen sin cambios.

Después del cierre, Frey no posee ԾԲú valor directo de Redfin; su propiedad ahora es únicamente en instrumentos de capital de Rocket Companies. La presentación confirma la consumación de la fusión y aclara el tratamiento de las concesiones de acciones para empleados, proporcionando transparencia sobre los mecanismos de intercambio para los accionistas existentes de Redfin.

Redfin Corporation (RDFN) � 내부� 신고� Form 4

최고기술책임�(CTO) 브리� 프레이는 2025� 7� 1�, Redfin� Rocket Companies, Inc.("모회�")와� 합병� 완료� 날짜� 모든 Redfin 주식 지분이 자동으로 처분되었음을 공개했습니다. � 거래� 전적으로 합병� 의해 진행되었으며, 공개 시장 매도� 포함되지 않습니다.

  • 보통�: 484,799주의 Redfin 주식� 고정 환율 0.7926 모회� 보통� Class A 주식으로 전환되었으며, 소수� 주식은 현금으로 지급되었습니다.
  • 스옵션: 행사 가격이 $8.61~$10.80� 167,781개의 미결� 옵션� 모회사에 인수되어 Class A 주식 옵션으로 전환되었습니�. � 옵션� 주식 수는 0.7926 배로 조정되었�, 행사 가격은 같은 비율� 나누어졌습니�. 모든 옵션은 원래� 베스� � 만료 조건� 유지합니�.
  • 제한 주식 단위(RSU): 556,705개의 미베스팅 또는 미결� RSU� 모회사에 인수되어 환율� 따라 모회� 주식 RSU� 전환되었으며, 베스� 일정은 변경되지 않았습니�.

거래 종료 � 프레이는 직Ϊ적인 Redfin 증권� 보유하지 않으�, 현재 소유권은 오직 Rocket Companies� 주식으로� 구성됩니�. � 신고서는 합병 완료� 확인하고 직원 지� 보상 처리 방식� 명확� 하여 기존 Redfin 주주들에� 교환 절차� 대� 투명성을 제공합니�.

Redfin Corporation (RDFN) � Déclaration d’initié Formulaire 4

La Directrice de la Technologie, Bridget Frey, a révélé la cession automatique de toutes les participations en actions Redfin le 1er juillet 2025, date à laquelle Redfin a finalisé sa fusion avec Rocket Companies, Inc. ("Société mère"). Cette opération est entièrement motivée par la fusion et n’implique aucune vente sur le marché libre.

  • Actions ordinaires : 484 799 actions Redfin ont été converties en actions ordinaires de Classe A de la Société mère selon un ratio fixe de 0,7926 action de la Société mère pour chaque action Redfin, avec un paiement en espèces pour les fractions d’actions.
  • Options d’achat d’actions : 167 781 options en circulation (prix d’exercice entre 8,61 $ et 10,80 $) ont été reprises par la Société mère et converties en options sur ses actions de Classe A. Le nombre d’actions par option a été multiplié par 0,7926 ; les prix d’exercice ont été divisés par ce même ratio. Toutes les options conservent leurs conditions initiales d’acquisition et d’expiration.
  • Unités d’actions restreintes (RSU) : 556 705 RSU non acquises ou non réglées ont également été reprises par la Société mère et converties en RSU pour des actions de la Société mère selon le ratio d’échange. Les calendriers d’acquisition restent inchangés.

Après la clôture, Frey ne détient aucun titre Redfin directement ; sa détention se limite désormais aux instruments de capitaux propres de Rocket Companies. La déclaration confirme la finalisation de la fusion et clarifie le traitement des attributions d’actions aux employés, apportant une transparence sur les mécanismes d’échange pour les actionnaires actuels de Redfin.

Redfin Corporation (RDFN) � Insider-Meldung Form 4

Die Chief Technology Officer Bridget Frey gab die automatische Veräußerung aller Redfin-Beteiligungen am 1. Juli 2025 bekannt, dem Datum, an dem Redfin seine Fusion mit Rocket Companies, Inc. ("Muttergesellschaft") abschloss. Die Transaktion ist vollständig fusionbedingt und beinhaltet keine Verkäufe am offenen Markt.

  • Stammaktien: 484.799 Redfin-Aktien wurden zu einem festen Umtauschverhältnis von 0,7926 Mutteraktien der Klasse A pro Redfin-Aktie in Stammaktien der Muttergesellschaft umgewandelt, Bruchteile wurden in bar ausgezahlt.
  • Aktienoptionen: 167.781 ausstehende Optionen (Ausübungspreise $8,61�$10,80) wurden von der Muttergesellschaft übernommen und in Optionen auf deren Klasse-A-Aktien umgewandelt. Die Aktienanzahl je Option wurde mit 0,7926 multipliziert, die Ausübungspreise durch denselben Faktor geteilt. Alle Optionen behalten ihre ursprünglichen Vesting- und Ablaufbedingungen bei.
  • Restricted Stock Units (RSUs): 556.705 nicht erworbene oder nicht abgewickelte RSUs wurden ebenfalls von der Muttergesellschaft übernommen und basierend auf dem Umtauschverhältnis in RSUs für Mutteraktien umgewandelt. Die Vestingpläne bleiben unverändert.

Nach dem Abschluss hält Frey keine direkten Redfin-Wertpapiere mehr; ihr Besitz besteht nun ausschließlich aus Beteiligungen an Rocket Companies. Die Meldung bestätigt den Abschluss der Fusion und erläutert die Behandlung der Mitarbeiterbeteiligungen, wodurch Transparenz bezüglich der Umtauschmechanik für bestehende Redfin-Aktionäre geschaffen wird.

Positive
  • None.
Negative
  • None.

Insights

TL;DR Administrative Form 4 confirms equity conversion at 0.7926 ratio upon Redfin-Rocket merger; no cash sale, neutral to share price.

This Form 4 is largely housekeeping. The key takeaway is that the Redfin–Rocket merger closed on 1 July 2025 and all employee equity converted as per the March 9, 2025 merger agreement. Investors already knew the ratio, so incremental information is limited. The conversion is share-for-share (plus cash for fractions); no insider is liquidating holdings on the market. Because the options and RSUs retain their original vesting schedules, potential future dilution simply migrates from Redfin to Rocket’s capitalization table. Net impact on RDFN is moot, as the shares have ceased independent trading, while for Rocket the incremental share issuance was already modeled. I view the filing as neutral.

TL;DR Filing demonstrates compliance with Section 16 and transparent treatment of insider equity; corporate process appears sound.

From a governance standpoint, the company followed best practice by promptly filing a Form 4 within two business days of the merger effective date. The conversion mechanics mirror those outlined in the merger agreement, indicating no preferential treatment for executives. All awards were converted using the uniform 0.7926 exchange ratio, and exercise prices were adjusted upward, preserving economic equivalence for public shareholders. Signature by an attorney-in-fact aligns with authorized power of attorney protocols. Overall, the disclosure mitigates litigation risk and supports orderly transition into Rocket’s reporting ecosystem.

Redfin Corporation (RDFN) � Comunicazione interna Form 4

La Chief Technology Officer Bridget Frey ha dichiarato la cessione automatica di tutte le partecipazioni azionarie Redfin il 1° luglio 2025, data in cui Redfin ha completato la fusione con Rocket Companies, Inc. ("Società madre"). L’operazione è interamente guidata dalla fusione e non prevede vendite sul mercato aperto.

  • Azioni ordinarie: 484.799 azioni Redfin sono state convertite in azioni ordinarie Classe A della Società madre con un rapporto fisso di 0,7926 azioni della Società madre per ogni azione Redfin, con pagamento in contanti per le frazioni di azioni.
  • Opzioni azionarie: 167.781 opzioni in essere (prezzi di esercizio da $8,61 a $10,80) sono state assunte dalla Società madre e convertite in opzioni sulle sue azioni Classe A. Il numero di azioni per ogni opzione è stato moltiplicato per il rapporto 0,7926; i prezzi di esercizio sono stati divisi per lo stesso rapporto. Tutte le opzioni mantengono i termini originali di maturazione e scadenza.
  • Unità azionarie vincolate (RSU): 556.705 RSU non maturate o non liquidate sono state anch’esse assunte dalla Società madre e convertite in RSU per azioni della Società madre in base al rapporto di cambio. I programmi di maturazione restano invariati.

Dopo la chiusura, Frey non detiene alcun titolo Redfin direttamente; la sua proprietà è ora esclusivamente in strumenti azionari di Rocket Companies. La comunicazione conferma il completamento della fusione e chiarisce il trattamento delle partecipazioni azionarie dei dipendenti, offrendo trasparenza sulle modalità di conversione per gli azionisti Redfin esistenti.

Redfin Corporation (RDFN) � Presentación interna Formulario 4

La Directora de Tecnología, Bridget Frey, reveló la disposición automática de todas las participaciones accionarias de Redfin el 1 de julio de 2025, fecha en que Redfin completó su fusión con Rocket Companies, Inc. ("Matriz"). La transacción está completamente impulsada por la fusión y no involucra ventas en el mercado abierto.

  • Acciones comunes: 484,799 acciones de Redfin se convirtieron en acciones comunes Clase A de la Matriz a una tasa fija de 0.7926 acciones de la Matriz por cada acción de Redfin, pagándose en efectivo las fracciones de acciones.
  • Opciones sobre acciones: 167,781 opciones vigentes (precios de ejercicio entre $8.61 y $10.80) fueron asumidas por la Matriz y convertidas en opciones sobre sus acciones Clase A. El número de acciones por opción se multiplicó por la tasa 0.7926; los precios de ejercicio se dividieron por la misma tasa. Todas las opciones mantienen sus términos originales de adquisición y vencimiento.
  • Unidades de acciones restringidas (RSU): 556,705 RSU no adquiridas o no liquidadas fueron igualmente asumidas por la Matriz y convertidas en RSU para acciones de la Matriz según la tasa de cambio. Los calendarios de adquisición permanecen sin cambios.

Después del cierre, Frey no posee ԾԲú valor directo de Redfin; su propiedad ahora es únicamente en instrumentos de capital de Rocket Companies. La presentación confirma la consumación de la fusión y aclara el tratamiento de las concesiones de acciones para empleados, proporcionando transparencia sobre los mecanismos de intercambio para los accionistas existentes de Redfin.

Redfin Corporation (RDFN) � 내부� 신고� Form 4

최고기술책임�(CTO) 브리� 프레이는 2025� 7� 1�, Redfin� Rocket Companies, Inc.("모회�")와� 합병� 완료� 날짜� 모든 Redfin 주식 지분이 자동으로 처분되었음을 공개했습니다. � 거래� 전적으로 합병� 의해 진행되었으며, 공개 시장 매도� 포함되지 않습니다.

  • 보통�: 484,799주의 Redfin 주식� 고정 환율 0.7926 모회� 보통� Class A 주식으로 전환되었으며, 소수� 주식은 현금으로 지급되었습니다.
  • 스옵션: 행사 가격이 $8.61~$10.80� 167,781개의 미결� 옵션� 모회사에 인수되어 Class A 주식 옵션으로 전환되었습니�. � 옵션� 주식 수는 0.7926 배로 조정되었�, 행사 가격은 같은 비율� 나누어졌습니�. 모든 옵션은 원래� 베스� � 만료 조건� 유지합니�.
  • 제한 주식 단위(RSU): 556,705개의 미베스팅 또는 미결� RSU� 모회사에 인수되어 환율� 따라 모회� 주식 RSU� 전환되었으며, 베스� 일정은 변경되지 않았습니�.

거래 종료 � 프레이는 직Ϊ적인 Redfin 증권� 보유하지 않으�, 현재 소유권은 오직 Rocket Companies� 주식으로� 구성됩니�. � 신고서는 합병 완료� 확인하고 직원 지� 보상 처리 방식� 명확� 하여 기존 Redfin 주주들에� 교환 절차� 대� 투명성을 제공합니�.

Redfin Corporation (RDFN) � Déclaration d’initié Formulaire 4

La Directrice de la Technologie, Bridget Frey, a révélé la cession automatique de toutes les participations en actions Redfin le 1er juillet 2025, date à laquelle Redfin a finalisé sa fusion avec Rocket Companies, Inc. ("Société mère"). Cette opération est entièrement motivée par la fusion et n’implique aucune vente sur le marché libre.

  • Actions ordinaires : 484 799 actions Redfin ont été converties en actions ordinaires de Classe A de la Société mère selon un ratio fixe de 0,7926 action de la Société mère pour chaque action Redfin, avec un paiement en espèces pour les fractions d’actions.
  • Options d’achat d’actions : 167 781 options en circulation (prix d’exercice entre 8,61 $ et 10,80 $) ont été reprises par la Société mère et converties en options sur ses actions de Classe A. Le nombre d’actions par option a été multiplié par 0,7926 ; les prix d’exercice ont été divisés par ce même ratio. Toutes les options conservent leurs conditions initiales d’acquisition et d’expiration.
  • Unités d’actions restreintes (RSU) : 556 705 RSU non acquises ou non réglées ont également été reprises par la Société mère et converties en RSU pour des actions de la Société mère selon le ratio d’échange. Les calendriers d’acquisition restent inchangés.

Après la clôture, Frey ne détient aucun titre Redfin directement ; sa détention se limite désormais aux instruments de capitaux propres de Rocket Companies. La déclaration confirme la finalisation de la fusion et clarifie le traitement des attributions d’actions aux employés, apportant une transparence sur les mécanismes d’échange pour les actionnaires actuels de Redfin.

Redfin Corporation (RDFN) � Insider-Meldung Form 4

Die Chief Technology Officer Bridget Frey gab die automatische Veräußerung aller Redfin-Beteiligungen am 1. Juli 2025 bekannt, dem Datum, an dem Redfin seine Fusion mit Rocket Companies, Inc. ("Muttergesellschaft") abschloss. Die Transaktion ist vollständig fusionbedingt und beinhaltet keine Verkäufe am offenen Markt.

  • Stammaktien: 484.799 Redfin-Aktien wurden zu einem festen Umtauschverhältnis von 0,7926 Mutteraktien der Klasse A pro Redfin-Aktie in Stammaktien der Muttergesellschaft umgewandelt, Bruchteile wurden in bar ausgezahlt.
  • Aktienoptionen: 167.781 ausstehende Optionen (Ausübungspreise $8,61�$10,80) wurden von der Muttergesellschaft übernommen und in Optionen auf deren Klasse-A-Aktien umgewandelt. Die Aktienanzahl je Option wurde mit 0,7926 multipliziert, die Ausübungspreise durch denselben Faktor geteilt. Alle Optionen behalten ihre ursprünglichen Vesting- und Ablaufbedingungen bei.
  • Restricted Stock Units (RSUs): 556.705 nicht erworbene oder nicht abgewickelte RSUs wurden ebenfalls von der Muttergesellschaft übernommen und basierend auf dem Umtauschverhältnis in RSUs für Mutteraktien umgewandelt. Die Vestingpläne bleiben unverändert.

Nach dem Abschluss hält Frey keine direkten Redfin-Wertpapiere mehr; ihr Besitz besteht nun ausschließlich aus Beteiligungen an Rocket Companies. Die Meldung bestätigt den Abschluss der Fusion und erläutert die Behandlung der Mitarbeiterbeteiligungen, wodurch Transparenz bezüglich der Umtauschmechanik für bestehende Redfin-Aktionäre geschaffen wird.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Frey Bridget

(Last) (First) (Middle)
C/O REDFIN CORPORATION
1099 STEWART STREET, SUITE 600

(Street)
SEATTLE WA 98101

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Redfin Corp [ RDFN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 D(1) 484,799 D (1) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)(2) $8.61 07/01/2025 D(3) 51,116 (4) 10/28/2025 Common Stock 51,116 $0 0 D
Stock Option (right to buy)(2) $9.15 07/01/2025 D(3) 99,999 (4) 05/11/2026 Common Stock 99,999 $0 0 D
Stock Option (right to buy)(2) $10.8 07/01/2025 D(3) 16,666 (4) 06/14/2027 Common Stock 16,666 $0 0 D
Restricted Stock Unit (5) 07/01/2025 D(6) 18,507 (6) (7) Common Stock 18,507 $0 0 D
Restricted Stock Unit (5) 07/01/2025 D(6) 47,923 (6) (7) Common Stock 47,923 $0 0 D
Restricted Stock Unit (5) 07/01/2025 D(6) 215,982 (6) (7) Common Stock 215,982 $0 0 D
Restricted Stock Unit (5) 07/01/2025 D(6) 126,565 (6) (7) Common Stock 126,565 $0 0 D
Restricted Stock Unit (5) 07/01/2025 D(6) 147,728 (6) (7) Common Stock 147,728 $0 0 D
Explanation of Responses:
1. 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.
2. Each stock option to purchase shares of Company Common Stock represents a contingent right to purchase one share of Company Common Stock.
3. 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.
4. The stock option is fully vested and exercisable.
5. Restricted stock units to acquire shares of Company Common Stock (each a "Company RSU") convert into Company Common Stock on a one-for-one basis upon settlement.
6. Pursuant to the Merger Agreement, at the Effective Time, each Company RSU that was unexpired, unsettled and outstanding as of the Effective Time (whether vested or unvested) was assumed by Parent and converted into a restricted stock unit to receive that number of shares of Parent Common Stock equal to the product obtained by multiplying (x) the number of shares subject to such Company RSU immediately prior to the Effective Time by (y) the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock (each, an "Assumed RSU"). Each such Assumed RSU is otherwise subject to the same terms and conditions as applied to the corresponding Company RSUs immediately prior to the Effective Time, including vesting terms.
7. Company RSUs do not expire; they either vest or are canceled prior to the vesting date.
Remarks:
/s/ Anthony Kappus, attorney-in-fact 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What triggered Bridget Frey’s Form 4 filing for RDFN?

The filing reflects the automatic conversion of her Redfin equity due to the 01-Jul-2025 merger with Rocket Companies.

How many Redfin common shares were converted?

A total of 484,799 shares were converted into Rocket Companies Class A shares.

What is the merger exchange ratio between Redfin and Rocket Companies?

Each Redfin share converts into 0.7926 Rocket Companies Class A share, with cash for fractional shares.

Were Redfin stock options and RSUs canceled or assumed?

All options (167,781) and RSUs (556,705) were assumed by Rocket and converted using the same 0.7926 ratio; vesting terms are unchanged.

Does the filing indicate an open-market sale by the insider?

No. The changes are non-market dispositions resulting from the merger, not voluntary sales.
Redfin Corp

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