[Form 4] Redfin Corporation Insider Trading Activity
The Form 4 shows that Redfin Corporation (RDFN) director Bradley E. Singer acquired a total of 33,899 common shares on 06/26/2025 through the mandatory settlement of previously granted equity awards triggered by the company鈥檚 pending merger with Rocket Companies. Two transactions were reported under code 鈥淢鈥� (derivative conversion): (i) 17,080 shares converted from vested RSUs and (ii) 16,819 shares converted from deferred RSUs/phantom stock units. No shares were sold. Following the transactions, Singer directly owns 75,477 shares and indirectly holds 50,000 shares via a revocable trust. The RSUs convert on a one-for-one basis and carry no exercise price, so the acquisitions were executed at $0 cost. RSUs do not expire; they vest or are cancelled according to Redfin鈥檚 Equity Incentive Plan. These settlements occurred in connection with the Agreement and Plan of Merger dated 03/09/2025. The filing does not reveal any open-market buying or selling, indicating that the ownership change is administrative rather than an active investment decision.
Il Modulo 4 mostra che il direttore di Redfin Corporation (RDFN), Bradley E. Singer, ha acquisito un totale di 33.899 azioni ordinarie il 26/06/2025 tramite il regolamento obbligatorio di premi azionari precedentemente concessi, attivato dalla fusione in corso con Rocket Companies. Sono state riportate due transazioni sotto il codice 鈥淢鈥� (conversione derivata): (i) 17.080 azioni convertite da RSU maturate e (ii) 16.819 azioni convertite da RSU differite/unit脿 di azioni fantasma. Nessuna azione 猫 stata venduta. Dopo queste operazioni, Singer detiene direttamente 75.477 azioni e indirettamente 50.000 azioni tramite un trust revocabile. Le RSU si convertono con un rapporto uno a uno e non prevedono alcun prezzo di esercizio, quindi le acquisizioni sono state effettuate a costo zero. Le RSU non scadono; maturano o vengono cancellate secondo il Piano di Incentivi Azionari di Redfin. Questi regolamenti sono avvenuti in relazione al Contratto e Piano di Fusione datato 09/03/2025. Il deposito non evidenzia acquisti o vendite sul mercato aperto, indicando che il cambiamento di propriet脿 猫 di natura amministrativa e non una decisione di investimento attiva.
El Formulario 4 muestra que el director de Redfin Corporation (RDFN), Bradley E. Singer, adquiri贸 un total de 33.899 acciones comunes el 26/06/2025 mediante la liquidaci贸n obligatoria de premios de capital previamente otorgados, activada por la fusi贸n pendiente de la compa帽铆a con Rocket Companies. Se reportaron dos transacciones bajo el c贸digo 鈥淢鈥� (conversi贸n derivada): (i) 17.080 acciones convertidas de RSU adquiridas y (ii) 16.819 acciones convertidas de RSU diferidas/unidades de acciones fantasma. No se vendieron acciones. Tras estas transacciones, Singer posee directamente 75.477 acciones y de forma indirecta 50.000 acciones a trav茅s de un fideicomiso revocable. Las RSU se convierten a raz贸n de uno a uno y no tienen precio de ejercicio, por lo que las adquisiciones se realizaron sin costo. Las RSU no caducan; se consolidan o cancelan seg煤n el Plan de Incentivos de Capital de Redfin. Estos ajustes se realizaron en relaci贸n con el Acuerdo y Plan de Fusi贸n fechado el 09/03/2025. El informe no revela compras o ventas en el mercado abierto, lo que indica que el cambio de propiedad es administrativo y no una decisi贸n activa de inversi贸n.
Form 4鞐� 霐半ゴ氅� Redfin Corporation (RDFN) 鞚挫偓 Bradley E. Singer電� 2025雲� 6鞗� 26鞚� 須岇偓鞚� Rocket Companies鞕�鞚� 鞓堨爼霅� 頃╇硲鞙茧 鞚疙暣 鞚挫爠鞐� 攵�鞐悳 欤检嫕 氤挫儊鞚� 鞚橂鞝� 鞝曥偘鞚� 韱淀暣 齑� 33,899 氤错喌欤�毳� 旆摑頄堨姷雼堧嫟. 霊� 瓯挫潣 瓯半灅臧� 旖旊摐 鈥淢鈥�(韺岇儩靸來拡 鞝勴櫂)鞙茧 氤搓碃霅橃棃鞙茧┌, (i) 17,080欤茧姅 旆摑霅� RSU鞐愳劀 鞝勴櫂霅橃棃瓿� (ii) 16,819欤茧姅 鞚挫棸 RSU/韺厐 鞀ろ啞 鞙犽嫑鞐愳劀 鞝勴櫂霅橃棃鞀惦媹雼�. 欤检嫕鞚� 韺愲Г霅橃 鞎婌晿鞀惦媹雼�. 瓯半灅 頉� Singer電� 歆侅爲 75,477欤�毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞁犿儊鞚� 韱淀暣 臧勳爲鞝侅溂搿� 50,000欤�毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. RSU電� 1雽�1 牍勳湪搿� 鞝勴櫂霅橂┌ 頄夓偓 臧�瓴╈澊 鞐嗢柎 旆摑 牍勳毄鞚� $0鞛呺媹雼�. RSU電� 毵岆霅橃 鞎婈碃 Redfin鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 旆摑霅橁卑雮� 旆唽霅╇媹雼�. 鞚� 鞝曥偘鞚� 2025雲� 3鞗� 9鞚检瀽 頃╇硲 瓿勳暯 氚� 瓿勴殟瓿� 甏�霠悩鞏� 鞚措（鞏挫鞀惦媹雼�. 鞝滌稖靹滊鞐愲姅 瓿店皽 鞁滌灔鞐愳劀鞚� 毵るГ 雮挫棴鞚� 鞐嗢柎 靻岇湢甓� 氤�瓴届澊 鞝侁饭鞝侅澑 韴瀽 瓴办爼鞚� 鞎勲媽 頄夓爼鞝� 鞝堨皑鞛勳潉 雮橅儉雰呺媹雼�.
Le formulaire 4 indique que le directeur de Redfin Corporation (RDFN), Bradley E. Singer, a acquis un total de 33 899 actions ordinaires le 26/06/2025 par le r猫glement obligatoire de primes en actions pr茅c茅demment attribu茅es, d茅clench茅 par la fusion en cours de la soci茅t茅 avec Rocket Companies. Deux transactions ont 茅t茅 d茅clar茅es sous le code 芦 M 禄 (conversion d茅riv茅e) : (i) 17 080 actions converties 脿 partir de RSU acquises et (ii) 16 819 actions converties 脿 partir de RSU diff茅r茅es/unit茅s d鈥檃ctions fant么mes. Aucune action n鈥檃 茅t茅 vendue. Apr猫s ces transactions, Singer d茅tient directement 75 477 actions et indirectement 50 000 actions via une fiducie r茅vocable. Les RSU se convertissent 脿 raison d鈥檜ne action pour une et n鈥檕nt pas de prix d鈥檈xercice, les acquisitions ont donc 茅t茅 effectu茅es 脿 co没t nul. Les RSU n鈥檈xpirent pas ; elles sont acquises ou annul茅es selon le plan d鈥檌ncitation en actions de Redfin. Ces r猫glements ont eu lieu dans le cadre de l鈥檃ccord et du plan de fusion dat茅s du 09/03/2025. Le d茅p么t ne r茅v猫le aucune op茅ration d鈥檃chat ou de vente sur le march茅 ouvert, ce qui indique que ce changement de propri茅t茅 est de nature administrative et non une d茅cision d鈥檌nvestissement active.
Das Formular 4 zeigt, dass der Direktor der Redfin Corporation (RDFN), Bradley E. Singer, am 26.06.2025 insgesamt 33.899 Stammaktien durch die verpflichtende Abwicklung zuvor gew盲hrter Aktienpr盲mien erworben hat, ausgel枚st durch die bevorstehende Fusion des Unternehmens mit Rocket Companies. Es wurden zwei Transaktionen unter dem Code 鈥濵鈥� (Derivative Umwandlung) gemeldet: (i) 17.080 Aktien aus ausge眉bten RSUs und (ii) 16.819 Aktien aus aufgeschobenen RSUs/Phantomaktien. Es wurden keine Aktien verkauft. Nach den Transaktionen besitzt Singer direkt 75.477 Aktien und h盲lt indirekt 50.000 Aktien 眉ber einen widerruflichen Trust. Die RSUs werden eins zu eins umgewandelt und haben keinen Aus眉bungspreis, sodass die Erwerbe kostenfrei erfolgten. RSUs verfallen nicht; sie werden gem盲脽 dem Aktienanreizplan von Redfin entweder ausge眉bt oder storniert. Diese Abwicklungen erfolgten im Zusammenhang mit dem Vereinbarungs- und Fusionsplan vom 09.03.2025. Die Meldung zeigt keine K盲ufe oder Verk盲ufe am offenen Markt, was darauf hinweist, dass die Eigentums盲nderung administrativer Natur ist und keine aktive Investitionsentscheidung darstellt.
- Director increased direct ownership by 33,899 shares, improving alignment with shareholders ahead of the merger.
- No shares were sold, so there is no indication of insider concern about valuation.
- None.
Insights
TL;DR: Shares added via RSU settlement; neutral cash impact.
Because the transaction is an automatic settlement of vested RSUs at $0, it does not signal fresh capital deployment or market sentiment. However, it increases the director鈥檚 economic stake just before an expected change-of-control, nominally aligning interests with shareholders. There is no dilution beyond what was already accounted for when the RSUs were granted. From a trading-signal perspective the filing is neutral; it neither introduces selling pressure nor demonstrates voluntary purchasing.
TL;DR: Routine Section 16 filing tied to merger; little investor impact.
The conversion complies with Redfin鈥檚 director deferral program and reflects standard acceleration terms in the merger agreement. No red flags arise regarding insider intent or governance. The absence of dispositions suggests directors are not exiting exposure ahead of the acquisition closing, but this is mandated by the plan rather than discretionary. Overall governance impact is minimal.
Il Modulo 4 mostra che il direttore di Redfin Corporation (RDFN), Bradley E. Singer, ha acquisito un totale di 33.899 azioni ordinarie il 26/06/2025 tramite il regolamento obbligatorio di premi azionari precedentemente concessi, attivato dalla fusione in corso con Rocket Companies. Sono state riportate due transazioni sotto il codice 鈥淢鈥� (conversione derivata): (i) 17.080 azioni convertite da RSU maturate e (ii) 16.819 azioni convertite da RSU differite/unit脿 di azioni fantasma. Nessuna azione 猫 stata venduta. Dopo queste operazioni, Singer detiene direttamente 75.477 azioni e indirettamente 50.000 azioni tramite un trust revocabile. Le RSU si convertono con un rapporto uno a uno e non prevedono alcun prezzo di esercizio, quindi le acquisizioni sono state effettuate a costo zero. Le RSU non scadono; maturano o vengono cancellate secondo il Piano di Incentivi Azionari di Redfin. Questi regolamenti sono avvenuti in relazione al Contratto e Piano di Fusione datato 09/03/2025. Il deposito non evidenzia acquisti o vendite sul mercato aperto, indicando che il cambiamento di propriet脿 猫 di natura amministrativa e non una decisione di investimento attiva.
El Formulario 4 muestra que el director de Redfin Corporation (RDFN), Bradley E. Singer, adquiri贸 un total de 33.899 acciones comunes el 26/06/2025 mediante la liquidaci贸n obligatoria de premios de capital previamente otorgados, activada por la fusi贸n pendiente de la compa帽铆a con Rocket Companies. Se reportaron dos transacciones bajo el c贸digo 鈥淢鈥� (conversi贸n derivada): (i) 17.080 acciones convertidas de RSU adquiridas y (ii) 16.819 acciones convertidas de RSU diferidas/unidades de acciones fantasma. No se vendieron acciones. Tras estas transacciones, Singer posee directamente 75.477 acciones y de forma indirecta 50.000 acciones a trav茅s de un fideicomiso revocable. Las RSU se convierten a raz贸n de uno a uno y no tienen precio de ejercicio, por lo que las adquisiciones se realizaron sin costo. Las RSU no caducan; se consolidan o cancelan seg煤n el Plan de Incentivos de Capital de Redfin. Estos ajustes se realizaron en relaci贸n con el Acuerdo y Plan de Fusi贸n fechado el 09/03/2025. El informe no revela compras o ventas en el mercado abierto, lo que indica que el cambio de propiedad es administrativo y no una decisi贸n activa de inversi贸n.
Form 4鞐� 霐半ゴ氅� Redfin Corporation (RDFN) 鞚挫偓 Bradley E. Singer電� 2025雲� 6鞗� 26鞚� 須岇偓鞚� Rocket Companies鞕�鞚� 鞓堨爼霅� 頃╇硲鞙茧 鞚疙暣 鞚挫爠鞐� 攵�鞐悳 欤检嫕 氤挫儊鞚� 鞚橂鞝� 鞝曥偘鞚� 韱淀暣 齑� 33,899 氤错喌欤�毳� 旆摑頄堨姷雼堧嫟. 霊� 瓯挫潣 瓯半灅臧� 旖旊摐 鈥淢鈥�(韺岇儩靸來拡 鞝勴櫂)鞙茧 氤搓碃霅橃棃鞙茧┌, (i) 17,080欤茧姅 旆摑霅� RSU鞐愳劀 鞝勴櫂霅橃棃瓿� (ii) 16,819欤茧姅 鞚挫棸 RSU/韺厐 鞀ろ啞 鞙犽嫑鞐愳劀 鞝勴櫂霅橃棃鞀惦媹雼�. 欤检嫕鞚� 韺愲Г霅橃 鞎婌晿鞀惦媹雼�. 瓯半灅 頉� Singer電� 歆侅爲 75,477欤�毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞁犿儊鞚� 韱淀暣 臧勳爲鞝侅溂搿� 50,000欤�毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. RSU電� 1雽�1 牍勳湪搿� 鞝勴櫂霅橂┌ 頄夓偓 臧�瓴╈澊 鞐嗢柎 旆摑 牍勳毄鞚� $0鞛呺媹雼�. RSU電� 毵岆霅橃 鞎婈碃 Redfin鞚� 欤检嫕 鞚胳劶韹半笇 瓿勴殟鞐� 霐半澕 旆摑霅橁卑雮� 旆唽霅╇媹雼�. 鞚� 鞝曥偘鞚� 2025雲� 3鞗� 9鞚检瀽 頃╇硲 瓿勳暯 氚� 瓿勴殟瓿� 甏�霠悩鞏� 鞚措（鞏挫鞀惦媹雼�. 鞝滌稖靹滊鞐愲姅 瓿店皽 鞁滌灔鞐愳劀鞚� 毵るГ 雮挫棴鞚� 鞐嗢柎 靻岇湢甓� 氤�瓴届澊 鞝侁饭鞝侅澑 韴瀽 瓴办爼鞚� 鞎勲媽 頄夓爼鞝� 鞝堨皑鞛勳潉 雮橅儉雰呺媹雼�.
Le formulaire 4 indique que le directeur de Redfin Corporation (RDFN), Bradley E. Singer, a acquis un total de 33 899 actions ordinaires le 26/06/2025 par le r猫glement obligatoire de primes en actions pr茅c茅demment attribu茅es, d茅clench茅 par la fusion en cours de la soci茅t茅 avec Rocket Companies. Deux transactions ont 茅t茅 d茅clar茅es sous le code 芦 M 禄 (conversion d茅riv茅e) : (i) 17 080 actions converties 脿 partir de RSU acquises et (ii) 16 819 actions converties 脿 partir de RSU diff茅r茅es/unit茅s d鈥檃ctions fant么mes. Aucune action n鈥檃 茅t茅 vendue. Apr猫s ces transactions, Singer d茅tient directement 75 477 actions et indirectement 50 000 actions via une fiducie r茅vocable. Les RSU se convertissent 脿 raison d鈥檜ne action pour une et n鈥檕nt pas de prix d鈥檈xercice, les acquisitions ont donc 茅t茅 effectu茅es 脿 co没t nul. Les RSU n鈥檈xpirent pas ; elles sont acquises ou annul茅es selon le plan d鈥檌ncitation en actions de Redfin. Ces r猫glements ont eu lieu dans le cadre de l鈥檃ccord et du plan de fusion dat茅s du 09/03/2025. Le d茅p么t ne r茅v猫le aucune op茅ration d鈥檃chat ou de vente sur le march茅 ouvert, ce qui indique que ce changement de propri茅t茅 est de nature administrative et non une d茅cision d鈥檌nvestissement active.
Das Formular 4 zeigt, dass der Direktor der Redfin Corporation (RDFN), Bradley E. Singer, am 26.06.2025 insgesamt 33.899 Stammaktien durch die verpflichtende Abwicklung zuvor gew盲hrter Aktienpr盲mien erworben hat, ausgel枚st durch die bevorstehende Fusion des Unternehmens mit Rocket Companies. Es wurden zwei Transaktionen unter dem Code 鈥濵鈥� (Derivative Umwandlung) gemeldet: (i) 17.080 Aktien aus ausge眉bten RSUs und (ii) 16.819 Aktien aus aufgeschobenen RSUs/Phantomaktien. Es wurden keine Aktien verkauft. Nach den Transaktionen besitzt Singer direkt 75.477 Aktien und h盲lt indirekt 50.000 Aktien 眉ber einen widerruflichen Trust. Die RSUs werden eins zu eins umgewandelt und haben keinen Aus眉bungspreis, sodass die Erwerbe kostenfrei erfolgten. RSUs verfallen nicht; sie werden gem盲脽 dem Aktienanreizplan von Redfin entweder ausge眉bt oder storniert. Diese Abwicklungen erfolgten im Zusammenhang mit dem Vereinbarungs- und Fusionsplan vom 09.03.2025. Die Meldung zeigt keine K盲ufe oder Verk盲ufe am offenen Markt, was darauf hinweist, dass die Eigentums盲nderung administrativer Natur ist und keine aktive Investitionsentscheidung darstellt.
FAQ
How many Redfin (RDFN) shares did Bradley E. Singer acquire?
Did the Form 4 show any insider sales of Redfin stock?
What is the director鈥檚 total ownership after the transactions?
Why were the RSUs settled on June 26 2025?
Does this filing impact Redfin鈥檚 share count or earnings?
