[Form 4] Redfin Corporation Insider Trading Activity

Rhea-AI Filing Summary

Redfin Corporation (RDFN) – SEC Form 4 filing: Director Kerry D. Chandler reported the settlement of 17,080 restricted stock units (RSUs) into an equal number of common shares on 26 June 2025. The transaction is coded “M,” indicating a routine, non-open-market conversion of a derivative security. After the settlement, Chandler holds 76,479 common shares directly.

The RSUs vested pursuant to Redfin’s Equity Incentive Plan in connection with the pending acquisition of Redfin by Rocket Companies, Inc. under the 9 March 2025 merger agreement. RSUs have no expiration; they either vest or are cancelled. No derivative securities remain following this conversion. The filing does not disclose any cash consideration—RSUs converted on a 1-for-1 basis and were reported at $0 exercise price.

No additional purchases, sales, or option exercises were reported, and Chandler continues to file individually (single reporting person). While routine, the disclosure confirms insider equity alignment as Redfin approaches its merger close.

Positive

• Director Kerry D. Chandler acquired 17,080 common shares through RSU settlement, raising her direct stake to 76,479 shares, aligning interests ahead of the Rocket Companies merger.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU vesting adds 17,080 shares to director’s stake; neutral for valuation but shows continued insider alignment.

The Form 4 reflects an automatic conversion of vested RSUs into common stock, increasing Kerry Chandler’s direct holdings to 76,479 shares. No open-market buying or selling occurred, and the exercise price was zero. Such administrative settlements usually carry minimal market impact, yet they reaffirm that insiders will participate in the same consideration as other shareholders in the forthcoming Rocket Companies takeover. Because the terms were already embedded in the merger agreement, I classify the disclosure as neutral for near-term share price movements.

Corporate Governance Expert

TL;DR: Filing confirms director equity conversion tied to merger; governance implications minor.

The conversion follows standard provisions in Redfin’s Equity Incentive Plan that accelerate or settle awards upon a change-in-control. No new grants or discretionary accelerations are indicated, signalling adherence to pre-approved plan terms. The director’s post-transaction ownership strengthens alignment but does not alter control dynamics since Ms. Chandler was not a 10% owner. I view the governance impact as non-material, warranting a neutral (-0/1) rating.

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^*

Chandler Kerry D

(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)
06/26/2025

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	06/26/2025		M		17,080	A	(1)	76,479	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)	06/26/2025		M			17,080	(2)	(3)	Common Stock	17,080	$0	0	D

Explanation of Responses:

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

2. These RSUs vested on June 26, 2025 pursuant to the terms of Redfin Corporation's ("the Company") Equity Incentive Plan in connection with the pending acquisition of the Company by Rocket Companies, Inc. ("Parent") pursuant to the Agreement and Plan of Merger, dated March 9, 2025, by and among the Company, Parent and Neptune Merger Sub, Inc., a wholly owned subsidiary of Parent.

3. RSUs do not expire; they either vest or are canceled prior to the vesting date.

Remarks:

	/s/ Anthony Kappus, attorney-in-fact	06/30/2025
	** 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

How many Redfin shares did director Kerry D. Chandler acquire on 26-Jun-2025?

She converted 17,080 RSUs into an equal number of common shares.

What is Kerry D. Chandler's total Redfin ownership after the Form 4 transaction?

Her direct beneficial ownership increased to 76,479 common shares.

Was any cash paid for the RSU conversion reported in this Form 4?

No. The RSUs settled on a 1-for-1 basis at a $0 exercise price.

Why did the RSUs vest on 26-Jun-2025?

The vesting occurred under Redfin’s Equity Incentive Plan in connection with the pending acquisition by Rocket Companies, Inc.

Does this Form 4 indicate insider buying or selling on the open market?

No. It documents a routine conversion of vested RSUs, not an open-market trade.

Is the director filing individually or as part of a group?

The box indicates the Form is filed by one reporting person; no group filing is involved.