[SCHEDULE 13G] Redfin Corporation SEC Filing
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC jointly reported beneficial ownership of 6,608,706.96 shares of Redfin Corporation common stock, representing 5.2% of the outstanding class. The cover pages show shared voting power of 6,606,842.96 and shared dispositive power of 6,608,553.96, with no sole voting or dispositive power reported.
The filing includes a joint filing agreement and an exhibit identifying the parent-subsidiary relationship between the reporting entities, and it certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. Cover pages classify GS Group as HC, CO and Goldman Sachs & Co. LLC as BD, OO, IA.
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Insights
TL;DR: Goldman Sachs disclosed a 5.2% passive stake in Redfin via a joint Schedule 13G; position reported as held in the ordinary course.
The disclosure reports a material position of 6,608,706.96 shares (5.2%) with virtually all voting and dispositive power held on a shared basis, indicating ownership through affiliate arrangements rather than sole control. The Item 10 certification states the holdings are not intended to change or influence control, which supports a passive reporting status. For investors, this is a routine, material ownership disclosure rather than an activist signal.
TL;DR: Schedule 13G shows passive, above-5% ownership by GS entities with shared voting rights; filing includes a joint filing agreement and exhibit.
The filing contains a joint filing agreement (Exhibit 99.1) and an exhibit identifying the subsidiary relationship (Exhibit 99.2), clarifying governance structure behind the reported holdings. Shared voting and dispositive powers are quantified, and the certification in Item 10 explicitly states the securities are held in the ordinary course of business. Procedurally, this satisfies disclosure requirements for a non-activist stake above the 5% threshold; there is no disclosed plan to alter control.