Redfin CLO Receives 162K Share Grant, Exercises Multiple RSU Tranches

This Form 4/A amendment reports insider trading activity for Anthony Ray Kappus, Chief Legal Officer of Redfin (RDFN), amending the original filing from May 29, 2025.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

This Form 4/A amendment reports insider trading activity for Anthony Ray Kappus, Chief Legal Officer of Redfin (RDFN), amending the original filing from May 29, 2025. The transactions occurred on May 20, 2025, involving multiple Restricted Stock Unit (RSU) conversions and dispositions.

Key transactions include:

Conversion of 20,715 RSUs to common stock through multiple transactions
Disposition of 5,046 shares through "F" transactions at $10.26 per share (likely for tax withholding)
Receipt of a new RSU grant of 161,987 units on May 27, 2025, vesting quarterly over four years starting May 20, 2026

Following these transactions, Kappus directly owns 38,396 shares of common stock and holds various RSU grants totaling 218,136 units with different vesting schedules through 2035. This filing reflects significant long-term equity compensation alignment with the company.

Positive

Chief Legal Officer Anthony Kappus received a significant new RSU grant of 161,987 shares, demonstrating long-term retention incentives and alignment with shareholder interests

Negative

None.

Insider Trade Summary

20,715 shares exercised/converted

Exercise 13 txns

Insider Kappus Anthony Ray

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	161,987	$0.00	$0.00
Exercise	Restricted Stock Unit	3,966	$0.00	$0.00
Exercise	Restricted Stock Unit	9,585	$0.00	$0.00
Exercise	Restricted Stock Unit	6,572	$0.00	$0.00
Exercise	Restricted Stock Unit	592	$0.00	$0.00
Exercise	Common Stock	3,966	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	966	$10.26	$10K
Exercise	Common Stock	9,585	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,334	$10.26	$24K
Exercise	Common Stock	6,572	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,601	$10.26	$16K
Exercise	Common Stock	592	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	145	$10.26	$1K

Holdings After Transaction: Restricted Stock Unit — 218,136 contracts (Direct); Common Stock — 38,396 shares (Direct)

Footnotes (6)

F1. Restricted stock units convert into common stock on a one-for-one basis upon settlement.
F2. 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.
F3. 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.
F4. 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.
F5. 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.
F6. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RDFN shares did Chief Legal Officer Anthony Kappus acquire on May 20, 2025?

On May 20, 2025, Anthony Kappus acquired a total of 20,715 shares through multiple RSU conversions (3,966 + 9,585 + 6,572 + 592 shares). However, 5,046 shares were disposed of through 'F' transactions for tax withholding, leaving him with a net position of 38,396 shares after all transactions.

What was the price of RDFN shares disposed of in the Form 4/A filing?

The shares were disposed of at a price of $10.26 per share through multiple 'F' coded transactions (likely for tax withholding purposes) on May 20, 2025.

How many new Restricted Stock Units (RSUs) did RDFN's CLO receive on May 27, 2025?

Anthony Kappus received a new grant of 161,987 Restricted Stock Units on May 27, 2025, which will vest over a four-year period starting May 20, 2026, with quarterly vesting thereafter until May 20, 2029.

What is the vesting schedule for the new RDFN RSU grant to Anthony Kappus?

The new RSU grant of 161,987 shares has a vesting schedule where 25% (1/4) will vest on May 20, 2026, and 1/16 will vest quarterly thereafter, with full vesting to be completed by May 20, 2029.

Why was this RDFN Form 4 amended?

This Form 4/A was filed as an amendment to the original Form 4 filed on May 29, 2025. While the specific reason for amendment is not explicitly stated in the filing, it corrects or updates information from the original filing made for transactions that occurred on May 20, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/25/2025 - 12:28 PM

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^*

Kappus Anthony Ray

(Last)

(First)

(Middle)

C/O REDFIN CORPORATION

1099 STEWART STREET, SUITE 600

(Street)

SEATTLE

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 Legal 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2025		M		3,966	A	$0⁽¹⁾	26,693	D
Common Stock	05/20/2025		F		966	D	$10.26	25,727	D
Common Stock	05/20/2025		M		9,585	A	$0⁽¹⁾	35,312	D
Common Stock	05/20/2025		F		2,334	D	$10.26	32,978	D
Common Stock	05/20/2025		M		6,572	A	$0⁽¹⁾	39,550	D
Common Stock	05/20/2025		F		1,601	D	$10.26	37,949	D
Common Stock	05/20/2025		M		592	A	$0⁽¹⁾	38,541	D
Common Stock	05/20/2025		F		145	D	$10.26	38,396	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/20/2025		M			3,966	⁽²⁾	05/26/2032	Common Stock	3,966	$0	15,863	D
Restricted Stock Unit	⁽¹⁾	05/20/2025		M			9,585	⁽³⁾	05/28/2034	Common Stock	9,585	$0	38,339	D
Restricted Stock Unit	⁽¹⁾	05/20/2025		M			6,572	⁽⁴⁾	05/30/2033	Common Stock	6,572	$0	0	D
Restricted Stock Unit	⁽¹⁾	05/20/2025		M			592	⁽⁵⁾	06/01/2031	Common Stock	592	$0	0	D
Restricted Stock Unit	⁽¹⁾	05/27/2025		A		161,987		⁽⁶⁾	05/27/2035	Common Stock	161,987	$0	163,934	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis upon settlement.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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	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.

Source: View Original Filing on SEC EDGAR