Redfin's Tech Chief Gets Major Stock Grant Amid Housing Market Shifts
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Redfin Chief Technology Officer Bridget Frey reported multiple transactions on May 20, 2025, involving the conversion and disposition of Restricted Stock Units (RSUs) and common stock. The filing amends a previous Form 4 filed on May 29, 2025.
Key transaction details:
- Converted multiple RSU blocks totaling 25,665 shares to common stock at $0 exercise price
- Disposed of 6,462 shares through "F" transactions at $10.26 per share, likely for tax withholding
- Received a new RSU grant of 215,982 shares on May 27, 2025, vesting quarterly over 4 years starting May 20, 2026
- Following all transactions, beneficially owns 484,799 shares of common stock directly
The filing details various RSU vesting schedules, with most grants following a four-year vesting period with quarterly installments. The transactions reflect standard equity compensation activity for a senior executive.
Positive
- CTO Bridget Frey received a significant new RSU grant of 215,982 shares, demonstrating long-term retention of key technology leadership
Negative
- None.
Insider Trade Summary
25,665 shares exercised/converted
Mixed
13 txns
Insider
Frey Bridget
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 215,982 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,627 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 11,981 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,215 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 842 | $0.00 | -- |
| Exercise | Common Stock | 4,627 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,127 | $10.26 | $12K |
| Exercise | Common Stock | 11,981 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,918 | $10.26 | $30K |
| Exercise | Common Stock | 8,215 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,211 | $10.26 | $23K |
| Exercise | Common Stock | 842 | $0.00 | -- |
| Tax Withholding | Common Stock | 206 | $10.26 | $2K |
Holdings After Transaction:
Restricted Stock Unit — 218,579 shares (Direct);
Common Stock — 470,223 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis upon settlement. Include 219 shares of common stock acquired pursuant to the issuer's employee stock purchase plan in a transaction that was exempt from reporting pursuant to Rule 16b-3(c) and Rule 16a-3(f)(1)(i)(B). 1/4 of the restricted stock units will vest on May 20, 2023, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2026. 1/8 of the restricted stock units will vest on August 20, 2024 and quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2026. 1/8 of the restricted stock units will vest on August 20, 2023 and quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2025. 1/4 of the restricted stock units vested on May 20, 2022, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2025. 1/4 of the restricted stock units will vest on May 20, 2026, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2029.
FAQ
How many new Redfin (RDFN) RSUs did Bridget Frey receive on May 27, 2025?
Bridget Frey received a new grant of 215,982 restricted stock units (RSUs) on May 27, 2025. These RSUs will vest over four years, with 25% vesting on May 20, 2026, and the remaining vesting quarterly through May 20, 2029.
What is the vesting schedule for the new RDFN RSUs granted to Bridget Frey?
The new RSUs granted on May 27, 2025, will vest over a four-year period: 25% will vest on May 20, 2026, and 1/16th will vest quarterly thereafter, with full vesting completed by May 20, 2029.