[Form 4] Rocket Companies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

DigitalOcean Holdings, Inc. (DOCN) filed a Form 4 disclosing that non-employee director Pueo Keffer received 558 restricted stock units (RSUs) on 30 June 2025. The grant was made under the company’s director compensation policy in lieu of a US $15,625 quarterly cash retainer, with the number of units calculated at an average share price of US $27.97 (10-day NYSE average). Each RSU converts into one common share and is fully vested immediately upon grant, meaning the shares are unrestricted from the outset. Following the award, Keffer’s direct beneficial ownership increased to 38,313 common shares. No derivative securities or disposals were reported.

The filing signals routine board compensation rather than an opportunistic open-market purchase; however, it marginally strengthens insider alignment by substituting cash fees with equity. Given DigitalOcean’s market capitalisation, the US $15.6 k value and 558-share quantity are immaterial to the overall float, so market impact is expected to be negligible.

Positive

• Director equity alignment: Pueo Keffer accepted stock instead of cash, incrementally increasing insider ownership by 558 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, routine RSU grant; mildly positive for alignment, immaterial for valuation.

The Form 4 shows a standard quarterly equity retainer rather than discretionary buying. Although insiders receiving stock in lieu of cash aligns incentives, the 558-share grant (~US$16 k) is insignificant versus DigitalOcean’s multi-billion-dollar equity value. There is no selling pressure, option exercise, or change in derivative exposure. Consequently, the disclosure is neutral from a valuation or liquidity standpoint and should not drive the stock.

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

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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^*

Brown Brian Nicholas

(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 Fin. Officer & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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 L-1 common stock	06/30/2025		A		395,777(1)(2)(3)	A	$0	395,777	D
Class L-2 common stock	06/30/2025		A		395,777(1)(2)(3)	A	$0	395,777	D
Class A common stock								821,066(4)	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. On June 30, 2025, Rocket Companies, Inc. ("Rocket") completed the collapse of its "Up-C" structure (the "Up-C Collapse") pursuant to the Transaction Agreement, by and among Rocket, Rock Holdings Inc. ("RHI"), Eclipse Sub, Inc., Rocket GP, LLC, Daniel Gilbert and RHI II, LLC. Pursuant to the Transaction Agreement, each RHI shareholder, in consideration for its voting common shares of RHI, par value $0.001 per share (the "RHI Shares"), received for each RHI Share 56.54 newly issued shares of Rocket Class L common stock, par value $0.00001 per share (the "Class L Common Stock"), half of which are designated Class L-1 Common Stock, par value $0.00001 per share ("Class L-1 Common Stock"), and half of which are designated Class L-2 Common Stock, par value $0.00001 per share ("Class L-2 Common Stock"). (Cont'd in FN2)

2. (Cont'd from FN1) Subject to certain limited exceptions as provided in Rocket's certificate of incorporation, (i) holders of Class L-1 Common Stock are prohibited from transferring or otherwise disposing of such shares prior to June 30, 2026, and (ii) holders of Class L-2 Common Stock are prohibited from transferring or otherwise disposing of such shares prior to June 30, 2027. Following June 30, 2026, each share of Class L-1 common stock (i) may be converted at any time, at the option of the holder, into one share of Rocket Class A common stock, par value $0.00001 per share ("Class A Common Stock"), and (ii) will automatically convert into one share of Rocket Class A Common Stock immediately prior to any transfer of such share, except for certain permitted transfers that are described in Rocket's certificate of incorporation. (Cont'd in FN3)

3. (Cont'd from FN2) Following June 30, 2027, each share of Class L-2 Common Stock (i) may be converted at any time, at the option of the holder, into one share of Class A Common Stock and (ii) will automatically convert into one share of Rocket Class A Common Stock immediately prior to any transfer of such share, except for certain permitted transfers that are described in Rocket's certificate of incorporation. In addition, upon the later to occur of (A) June 30, 2027 and (B) the date that the outstanding shares of Class L Common Stock no longer represent at least 79% of the total voting power of the issued and outstanding shares of Rocket common stock, all shares of Class L Common Stock will automatically convert to newly issued shares of Class A Common Stock.

4. Reported amount includes 636,315 unvested restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, subject to the Reporting Person's continued employment on the applicable vesting date.

	/s/ Tina V. John, attorney in fact	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did DigitalOcean (DOCN) disclose in the latest Form 4?

The filing reports a grant of 558 fully-vested RSUs to director Pueo Keffer on 30 June 2025.

What was the valuation price of the RSUs granted to Pueo Keffer?

The RSUs were valued at US $27.97, the 10-day average closing price prior to the grant date.

How many DigitalOcean shares does Pueo Keffer now own?

Following the grant, Keffer’s direct beneficial ownership totals 38,313 common shares.

Are the RSUs immediately vested?

Yes. The RSUs are fully vested as of the grant date, providing unrestricted shares to the director.

When were the transaction and the filing dates?

The transaction occurred on 06/30/2025 and the Form 4 was filed on 07/02/2025.