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[Form 4/A] Redfin Corporation Amended Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
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.
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
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)
05/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
05/29/2025
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 05/20/2025 M 4,627 A $0(1) 470,223(2) D
Common Stock 05/20/2025 F 1,127 D $10.26 469,096 D
Common Stock 05/20/2025 M 11,981 A $0(1) 481,077 D
Common Stock 05/20/2025 F 2,918 D $10.26 478,159 D
Common Stock 05/20/2025 M 8,215 A $0(1) 486,374 D
Common Stock 05/20/2025 F 2,211 D $10.26 484,163 D
Common Stock 05/20/2025 M 842 A $0(1) 485,005 D
Common Stock 05/20/2025 F 206 D $10.26 484,799 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
Restricted Stock Unit (1) 05/20/2025 M 4,627 (3) 05/26/2032 Common Stock 4,627 $0 18,507 D
Restricted Stock Unit (1) 05/20/2025 M 11,981 (4) 05/28/2034 Common Stock 11,981 $0 47,923 D
Restricted Stock Unit (1) 05/20/2025 M 8,215 (5) 05/30/2033 Common Stock 8,215 $0 0 D
Restricted Stock Unit (1) 05/20/2025 M 842 (6) 06/01/2031 Common Stock 842 $0 0 D
Restricted Stock Unit (1) 05/27/2025 A 215,982 (7) 05/27/2035 Common Stock 215,982 $0 218,579 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis upon settlement.
2. 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).
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
Remarks:
/s/ Anthony Kappus, attorney-in-fact 06/25/2025
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many RDFN shares did CTO Bridget Frey acquire through RSU settlements on May 20, 2025?

On May 20, 2025, Bridget Frey acquired a total of 25,665 shares through RSU settlements, broken down as follows: 4,627 shares, 11,981 shares, 8,215 shares, and 842 shares. However, some shares were immediately disposed of for tax purposes.

What was the selling price of RDFN shares disposed by Bridget Frey on May 20, 2025?

Bridget Frey disposed of shares at a price of $10.26 per share through multiple Form F transactions on May 20, 2025. The dispositions were likely for tax withholding purposes.

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 Bridget Frey's total RDFN share ownership after all reported transactions?

After all reported transactions, Bridget Frey directly owns 484,799 shares of Redfin (RDFN) common stock. Additionally, she holds unvested RSUs representing potential future ownership of more shares.

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.
Redfin Corp

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