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RKT insider: 107,891 RSUs awarded to Chief Business Officer with semiannual vesting

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

Rhea-AI Filing Summary

William D. Banfield, Chief Business Officer and officer of Rocket Companies, Inc. (RKT), received a grant of 107,891 restricted stock units (RSUs) on 10/08/2025. Each RSU represents the contingent right to one share of Class A common stock and the award was granted at a price of $0. The RSUs vest in six equal, semi‑annual installments over three years, with the first vesting date on 04/07/2026 and subsequent vesting on each April 7 and October 7 thereafter, subject to continued employment.

Following the grant, the reporting person beneficially owns 719,880 shares. The grant was reported on Form 4 and the transaction was made under the 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b‑3.

Positive

  • 107,891 RSUs granted aligns the Chief Business Officer's interests with long‑term shareholders
  • Vesting spread over three years promotes retention with six equal semiannual installments
  • Post‑grant beneficial ownership of 719,880 shares indicates substantial existing stake

Negative

  • None.

Insights

Grant aligns executive pay with shareholder value via time‑based RSUs.

The award of 107,891 RSUs vests in six equal semiannual installments over three years, tying the Chief Business Officer's compensation to future share performance and continued employment. Time‑based RSUs are a standard retention tool that phase potential dilution over multiple vesting dates.

Key dependencies include continued employment through each vesting date and the company's share price at settlement; monitor the initial vesting on 04/07/2026 and subsequent semiannual dates for realized share issuance.

Report follows Section 16 reporting and Rule 16b‑3 exemption conventions.

The Form 4 discloses a grant exempt under Rule 16b‑3 and records the transaction as an acquisition at price $0, reflecting a compensatory RSU grant rather than an open‑market purchase. The filer reported the post‑grant beneficial ownership as 719,880 shares.

Watch for future Form 4 filings on each vesting date showing issuance of shares and any sales; the next reporting milestone is the first vesting on 04/07/2026.

Insider Banfield William D.
Role Chief Business Officer
Type Security Shares Price Value
Grant/Award Class A common stock 107,891 $0.00 --
Holdings After Transaction: Class A common stock — 719,880 shares (Direct)
Footnotes (1)
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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*
Banfield William D.
(Last) (First) (Middle)
C/O ROCKET COMPANIES, INC.
1050 WOODWARD AVENUE
(Street)
DETROIT MI 48226
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Rocket Companies, Inc. [ RKT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Business Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025
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
Class A common stock 10/08/2025 A 107,891(1) A $0 719,880 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
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs were granted to the Reporting Person on October 8, 2025 and will vest in six equal, semi-annual installments over three years on each April 7 and October 7, with the initial vesting date on April 7, 2026, subject to the Reporting Person's continued employment on the applicable vesting date.
Remarks:
/s/ Tina V. John, attorney in fact 10/10/2025
** 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

What did Rocket Companies (RKT) report on Form 4 for William D. Banfield?

The Form 4 reports a grant of 107,891 RSUs to William D. Banfield on 10/08/2025, with post‑grant beneficial ownership of 719,880 shares.

When do the RSUs granted to RKT's Chief Business Officer vest?

The RSUs vest in six equal, semi‑annual installments over three years, beginning on 04/07/2026 and then on each April 7 and October 7.

Under what plan were the RSUs granted to the reporting person?

The RSUs were granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b‑3.

Was there a purchase price for the RSU grant?

The transaction is reported with a price of $0, consistent with a compensatory restricted stock unit grant.

Who filed the Form 4 on behalf of the reporting person?

The Form 4 was signed and filed by Tina V. John, attorney in fact, on 10/10/2025.