Rocket director reports 14,796 RSUs vesting
Rocket Companies director Matthew Rizik reported cash-settled RSU vesting and related share-class conversion and trust holdings, with no open-market trades disclosed.
Rhea-AI Filing Summary
Rocket Companies, Inc. (RKT) director Matthew Rizik reported on September 7, 2026 the vesting and cash settlement of 14,796 Cash-Settled RSUs, reducing his outstanding Cash-Settled RSUs to 105,695. Each RSU pays cash equal to the fair market value of a share of Class A common stock on the settlement date and vests in six semi-annual installments over three years. Related entries show an "other" disposition of 14,796 Class A shares at $14.06 per share and reclassification transactions converting previously reported Class L-1 common stock into Class A common stock and holdings in grantor retained annuity trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,796 shares exercised/converted
Exercise
8 txns
Insider
Rizik Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash-Settled Restricted Stock Units F1 | 14,796 | $0.00 | $0.00 |
| Exercise | Class A common stock F1, F2 | 14,796 | -- | -- |
| Other | Class A common stock F2 | 14,796 | $14.06 | $208K |
| holding | Class A common stock F3 | -- | -- | -- |
| holding | Class A common stock F4 | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
Holdings After Transaction:
Cash-Settled Restricted Stock Units — 105,695 contracts (Direct);
Class A common stock — 2,424,541 shares (Direct);
Class A common stock — 675,000 shares (Indirect, By grantor retained annuity trust (GRAT));
Class A common stock — 1,125,000 shares (Indirect, By grantor retained annuity trust (GRAT) no. 2);
Class L-2 common stock — 986,005 shares (Direct);
Class L-2 common stock — 825,000 shares (Indirect, By grantor retained annuity trust (GRAT));
Class L-2 common stock — 1,375,000 shares (Indirect, By grantor retained annuity trust (GRAT) no. 2)
Footnotes (4)
- F1. Represents the vesting and automatic settlement into cash of a portion of the Cash Settled Restricted Stock Units ("Cash-Settled RSUs") previously granted under the Rocket companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each Cash-Settled RSU represents the right to receive a cash payment equal to the fair market value of a share of the Issuer's common stock on the settlement date. The Cash-Settled RSUs vest in six semi-annual installments over three years.
- F2. Includes 1,386,005 shares of Class A common stock that were previously reported as shares of Class L-1 common stock, which were converted to shares of Class A common stock in accordance with the Issuer's Restated Certificate of Incorporation in a transaction exempted under Rule 16b-3.
- F3. Includes 675,000 shares of Class A common stock that were previously reported as shares of Class L-1 common stock, which were converted to shares of Class A common stock in accordance with the Issuer's Restated Certificate of Incorporation in a transaction exempted under Rule 16b-3.
- F4. Includes 1,125,000 shares of Class A common stock that were previously reported as shares of Class L-1 common stock, which were converted to shares of Class A common stock in accordance with the Issuer's Restated Certificate of Incorporation in a transaction exempted under Rule 16b-3.
Key Figures
Cash-Settled RSUs vested and settled: 14,796 units
Remaining Cash-Settled RSUs: 105,695 units
Class A common stock transaction size: 14,796 shares
+4 more
7 metrics
Cash-Settled RSUs vested and settled
14,796 units
Vested and automatically settled into cash on September 7, 2026
Remaining Cash-Settled RSUs
105,695 units
Outstanding after the September 7, 2026 vesting event
Class A common stock transaction size
14,796 shares
Class A shares in the September 7, 2026 "other" disposition
Reported transaction price
$14.06 per share
Price for the 14,796-share Class A "other" disposition
Indirect Class A shares via GRAT
675,000 shares
Held by a grantor retained annuity trust after Class L-1 to Class A conversion
Indirect Class A shares via GRAT no. 2
1,125,000 shares
Held by a second grantor retained annuity trust after Class L-1 to Class A conversion
Direct Class L-2 common stock holdings
986,005 shares
Directly held Class L-2 common stock as of September 7, 2026
Key Terms
Cash-Settled Restricted Stock Units, Rule 16b-3, grantor retained annuity trust (GRAT), Restated Certificate of Incorporation
4 terms
Cash-Settled Restricted Stock Units financial
"Represents the vesting and automatic settlement into cash of a portion of the Cash-Settled RSUs"
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3 and approved by a committee"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
grantor retained annuity trust (GRAT) financial
"By grantor retained annuity trust (GRAT)"
Restated Certificate of Incorporation regulatory
"converted to shares of Class A common stock in accordance with the Issuer's Restated Certificate of Incorporation"
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RKT director Matthew Rizik report on this Form 4?
He reported the vesting and cash settlement of 14,796 Cash-Settled RSUs on September 7, 2026, leaving 105,695 Cash-Settled RSUs outstanding, plus related Class A common stock movements tied to share-class conversions and trust holdings.
How do Matthew Rizik’s Cash-Settled RSUs in RKT vest?
The Cash-Settled RSUs vest in six semi-annual installments over three years. Each unit entitles him to a cash payment equal to the fair market value of a share of Rocket Companies’ common stock on the settlement date.
What indirect Rocket Companies (RKT) holdings does Matthew Rizik report?
He reports indirect ownership of Class A common stock held by grantor retained annuity trusts (GRATs), including 675,000 and 1,125,000 Class A shares that had previously been reported as Class L-1 common stock and were converted to Class A.
Is a Rule 10b5-1 trading plan involved in this RKT Form 4?
No. The Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes describe the transactions as Rule 16b-3-exempt awards and share-class conversions, without stating they were executed under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
