[Form 4] Redfin Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview: Chief Growth Officer Christian J. Taubman reported the disposition of all Redfin Corporation (RDFN) equity on 1 July 2025 in connection with the closing of the previously announced merger between Redfin and Rocket Companies, Inc. ("Parent").

Key details

• Merger completed: Neptune Merger Sub, a wholly-owned Rocket subsidiary, merged into Redfin, making Redfin a wholly-owned subsidiary of Rocket.
• Share conversion ratio: Each Redfin common share was converted into 0.7926 Rocket Class A common shares plus cash for fractional shares.
• Common stock: Taubman’s Redfin shares were reported as disposed (code D) pursuant to the merger; 92,696 shares are shown as beneficially owned after the transaction but now represent Rocket entitlement through the exchange ratio.
• Restricted Stock Units (RSUs): Five blocks totaling 559,092 RSUs were converted into Rocket RSUs using the same 0.7926 exchange ratio. All vesting schedules and other terms remain unchanged.
• Ownership form: All holdings are reported as direct.

Investor takeaway: The filing is largely administrative, documenting equity conversion rather than an open-market sale. It confirms merger consummation, preserves management incentive alignment via assumed RSUs, and eliminates standalone Redfin equity going forward.

Positive

• Merger consummation confirmed, providing definitive transaction closure and clarity on consideration for Redfin shareholders.
• Executive RSUs carried over to Rocket on identical vesting terms, helping maintain management alignment post-acquisition.

Negative

• None.

Insights

M&A Specialist

TL;DR Redfin-Rocket merger closed; insider’s equity converted, no cash sale, confirms deal completion and new ownership structure.

Pursuant to the March 9 2025 Merger Agreement, all Redfin securities converted into Rocket equity at a fixed 0.7926 ratio. Taubman’s Form 4 simply records that mechanical exchange: 92,696 common shares and 559,092 RSUs translated into equivalent Rocket instruments. No price information or incremental compensation is disclosed, so market impact hinges on how investors value the exchange ratio versus pre-deal prices. For legacy RDFN holders, the filing confirms final consideration and extinguishes independent Redfin float. Because the RSUs were assumed on identical terms, executive retention incentives remain intact, reducing integration risk. Overall, the disclosure is procedural yet materially confirms that deal closing conditions were met.

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

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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^*

Taubman Christian John

(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 Growth 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)		92,696	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
Restricted Stock Unit	(2)	07/01/2025		D(3)			15,334	(3)	(4)	Common Stock	15,334	$0	0	D
Restricted Stock Unit	(2)	07/01/2025		D(3)			51,518	(3)	(4)	Common Stock	51,518	$0	0	D
Restricted Stock Unit	(2)	07/01/2025		D(3)			232,181	(3)	(4)	Common Stock	232,181	$0	0	D
Restricted Stock Unit	(2)	07/01/2025		D(3)			101,251	(3)	(4)	Common Stock	101,251	$0	0	D
Restricted Stock Unit	(2)	07/01/2025		D(3)			158,808	(3)	(4)	Common Stock	158,808	$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. 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.

3. 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.

4. 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Redfin (RDFN) shareholders receive at closing?

Each Redfin share converted into 0.7926 Rocket Companies Class A shares plus cash in lieu of fractional shares.

How many Redfin RSUs held by the Chief Growth Officer were converted?

Five RSU grants totaling 559,092 units were assumed by Rocket and converted at the same 0.7926 ratio.

Did the insider sell shares on the open market?

No. The disposition (code D) reflects a mandatory share conversion under the merger, not an open-market sale.

Are the vesting schedules for the converted RSUs changed?

No. Each assumed Rocket RSU retains the same vesting terms that applied to the original Redfin RSUs.

What is the significance of the 92,696 shares reported as beneficially owned?

They represent the insider’s post-conversion entitlement now reflected in Rocket Companies shares rather than Redfin stock.