Redfin (RDFN) Director Adds 25,423 Shares via RSU Exercise

Form 4 overview: Redfin Corporation (RDFN) director Selina Tobaccowala reported two equity transactions dated 06/09/2025.

Rhea-AI Filing Summary

Form 4 overview: Redfin Corporation (RDFN) director Selina Tobaccowala reported two equity transactions dated 06/09/2025.

• RSU conversion (Code M): 25,423 restricted stock units (RSUs) were settled one-for-one into 25,423 common shares. Following the conversion, Tobaccowala’s direct common-stock holdings increased to 156,320 shares.
• New RSU grant (Code A): 17,080 RSUs were awarded on 06/17/2025; these will vest on 06/06/2026 and expire 06/17/2035. Post-grant, Tobaccowala owns 17,080 derivative RSUs.

No shares were sold and no open-market transactions occurred. The change reflects a routine vesting/settlement and a new equity award rather than discretionary buying or selling.

Insights

Senior Securities Analyst

TL;DR: Routine RSU vesting; ownership rises to 156k shares, no market purchase or sale—neutral signal.

The filing shows an automatic conversion of 25,423 RSUs into common stock and issuance of 17,080 new RSUs. Because the director neither purchased shares in the open market nor disposed of stock for cash, the activity is largely administrative. The director’s direct stake rises by roughly 19% (from 130,897 to 156,320 shares), which modestly aligns incentives with shareholders but does not imply a valuation view. No cash outflow/inflow, price disclosures, or insider sales were reported, so market impact is expected to be minimal.

Insider Trade Summary

25,423 shares exercised/converted

Exercise 3 txns

Insider Tobaccowala Selina

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	17,080	$0.00	$0.00
Exercise	Restricted Stock Unit	25,423	$0.00	$0.00
Exercise	Common Stock	25,423	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 17,080 contracts (Direct); Common Stock — 156,320 shares (Direct)

Footnotes (3)

1. F1. Restricted stock units convert into common stock on a one-for-one basis upon settlement.
2. F2. The restricted stock units will vest on June 09, 2025.
3. F3. The restricted stock units will vest on June 06, 2026.

FAQ

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

How many Redfin (RDFN) shares does director Selina Tobaccowala now own?

After the 06/09/2025 RSU conversion, she directly holds 156,320 common shares.

What type of insider transaction was reported in Redfin's Form 4?

A Code M RSU conversion of 25,423 units into common stock and a Code A grant of 17,080 new RSUs.

Were any Redfin shares sold in this Form 4 filing?

No. The filing shows share acquisition through RSU settlement; no shares were sold.

When will the newly granted 17,080 RSUs vest?

They are scheduled to vest on 06/06/2026.

Is this insider activity likely to impact Redfin's stock price?

Because the transactions are routine vesting and grants without open-market trades, the immediate market impact is expected to be neutral.

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

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Accepted by SEC EDGAR 06/24/2025 - 06:00 PM Learn about SEC filing dates

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^*

Tobaccowala Selina

(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)	156,320	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.
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