[Form 4] Redfin Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview: Redfin Corporation (ticker: RDFN) filed a Form 4 reporting insider activity by director Bradley E. Singer.

Key non-derivative transaction (Table I)

• Date: 06/09/2025
• Code M – RSU conversion: 25,423 restricted stock units (RSUs) automatically converted 1-for-1 into common shares at $0 exercise price.
• Post-transaction holding: Singer now directly owns 41,578 common shares.

Derivative transactions (Table II)

• 06/09/2025 – Code M: 25,423 RSUs exercised (expiration 06/06/2034); derivative balance reduced to 0.
• 06/17/2025 – Code A: Grant of 17,080 new RSUs (no cost) that vest on 06/06/2026 and expire 06/17/2035; current derivative balance is 17,080 RSUs.

Implications for investors

• No open-market sales occurred; all activity relates to equity compensation.
• Director’s direct ownership increased, indicating continued alignment with shareholders.
• The new award refreshes long-term incentives but does not immediately increase the public float.

Overall, the filing represents routine insider compensation events rather than a strategic buy or sell decision. No pricing, earnings, or operational data were disclosed.

Positive

• Director’s direct common-stock holding increased to 41,578 shares, modestly improving management-shareholder alignment
• No open-market sales were reported, avoiding dilution signals

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; director boosts direct stake to 41.6 k shares, receives new 17 k RSUs—neutral for valuation.

The Form 4 shows Bradley Singer converting 25,423 RSUs into common stock (Code M) and accepting a fresh grant of 17,080 RSUs (Code A). Because both transactions are equity-compensation related and priced at $0, there is no cash purchase or sale signal. Direct ownership rises to 41,578 shares, while unvested derivative exposure climbs to 17,080 units. Such events are commonplace for directors and do not alter Redfin’s capital structure or outlook. Investors may view the larger direct stake as modestly positive for alignment, but the absence of open-market buying limits market-moving impact.

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^*

SINGER BRADLEY E

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2025

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	06/09/2025		M		25,423	A	(1)	41,578	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)	06/09/2025		M			25,423	(2)	06/06/2034	Common Stock	25,423	$0	0	D
Restricted Stock Unit	(1)	06/17/2025		A		17,080		(3)	06/17/2035	Common Stock	17,080	$0	17,080	D

Explanation of Responses:

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

2. The restricted stock units will vest on June 09, 2025.

3. The restricted stock units will vest on June 06, 2026.

Remarks:

	/s/ Anthony Kappus, attorney-in-fact	06/23/2025
	** 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

What did Redfin (RDFN) report in this Form 4?

Director Bradley E. Singer converted 25,423 RSUs to common stock and received a new 17,080-RSU grant.

How many Redfin shares does Bradley Singer now hold directly?

41,578 common shares following the 06/09/2025 conversion.

Were any shares sold by the director?

No. All transactions were RSU conversions or grants at $0 price; no open-market sale occurred.

When will the newly granted 17,080 RSUs vest?

They vest on 06/06/2026 and expire on 06/17/2035 if unexercised.

What is the significance of Transaction Code M in the filing?

Code M indicates an exempt conversion of a derivative security (RSUs) into common stock.

Does the filing affect Redfin’s earnings outlook?

No; the Form 4 contains no operational or earnings information, only insider ownership changes.