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Insider Form 4: RDFN Director Tobaccowala Now Holds 156,320 Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.

Insights

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 Tobaccowala Selina
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 17,080 $0.00 --
Exercise Restricted Stock Unit 25,423 $0.00 --
Exercise Common Stock 25,423 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 17,080 shares (Direct); Common Stock — 156,320 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis upon settlement. The restricted stock units will vest on June 09, 2025. The restricted stock units will vest on June 06, 2026.
Form 4 Insider Transactions: What Each Field Means →
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.
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

FAQ

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.