RDFN Form 4: James Slavet Adds 25k Shares, Receives 17k RSUs

Rhea-AI Filing Summary

Redfin Corporation (RDFN) – Form 4 filing dated 06/23/2025

Director James Slavet reported two equity transactions:

• 06/09/2025 – Conversion (Code “M”): 25,423 restricted stock units (RSUs) were settled 1-for-1 into common shares, increasing Slavet’s direct holdings of Class A common stock to 292,787 shares.
• 06/17/2025 – Grant (Code “A”): Slavet received a new award of 17,080 RSUs that will vest on 06/06/2026 and expire on 06/17/2035. These units are now carried as derivative securities.

No open-market purchases or sales were reported; all activity stems from equity compensation. Following the transactions, Slavet holds 292,787 common shares directly and 17,080 unvested RSUs.

The filing does not disclose any impact on Redfin’s operations, revenues, or guidance; it solely reflects routine insider equity settlement and grant activity.

Insights

Financial Analyst

TL;DR: Routine RSU conversion and new grant; no direct company impact, mildly positive alignment.

Form 4 shows Director James Slavet converting 25,423 previously granted RSUs into common shares and receiving a fresh 17,080-unit RSU grant. Because the shares were issued under the company’s long-term incentive plan rather than bought or sold on the open market, cash did not change hands and market supply/demand was unaffected. The net result is greater equity ownership by a board member, which marginally strengthens alignment with shareholder interests but is not material to Redfin’s fundamentals. No adverse signals such as insider selling or option exercises for profit appear, so the disclosure is best interpreted as neutral-to-slightly-positive from a governance standpoint.

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
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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^*

Slavet James

(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)	292,787	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) Director James Slavet report in the Form 4?

He converted 25,423 RSUs into common stock and received a new 17,080-unit RSU grant.

Did the filing include any open-market purchases or sales of RDFN shares?

No. All reported transactions were equity compensation settlements and grants, not market trades.

How many Redfin shares does James Slavet own after the transactions?

Slavet directly holds 292,787 common shares and 17,080 unvested RSUs.

When will the newly granted 17,080 RSUs vest?

The RSUs are scheduled to vest on 06/06/2026.

Does this Form 4 filing affect Redfin’s earnings or guidance?

No. The filing reflects insider equity activity only and contains no operational or financial forecasts.