4//SEC Filing
KELMAN GLENN 4
Accession 0001628280-25-034362
CIK 0001382821other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 9:34 PM ET
Size
17.3 KB
Accession
0001628280-25-034362
Insider Transaction Report
Form 4
Redfin CorpRDFN
KELMAN GLENN
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2025-07-01−8,148→ 0 totalExercise: $8.10Exp: 2026-09-29→ Common Stock (8,148 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-07-01−483,333→ 0 totalExercise: $8.61Exp: 2025-11-24→ Common Stock (483,333 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-07-01−300,000→ 0 totalExercise: $27.50Exp: 2029-06-01→ Common Stock (300,000 underlying) - Disposition to Issuer
Common Stock
2025-07-01−1,458,448→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2025-07-01−10,047→ 0 totalExercise: $8.97Exp: 2026-02-03→ Common Stock (10,047 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-07-01−1,296→ 0 totalExercise: $10.80Exp: 2027-06-14→ Common Stock (1,296 underlying)
Footnotes (4)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger, dated March 9, 2025 (the "Merger Agreement"), by and among Redfin Corporation (the "Company"), Rocket Companies, Inc. ("Parent"), and Neptune Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, on July 1, 2025, Merger Sub merged with and into Company (the "Merger"), with Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Company's common stock, par value $0.001 per share ("Company Common Stock") was converted into the right to receive 0.7926 shares of Class A Common Stock of Parent (the "Parent Common Stock" and such ratio, the "Exchange Ratio") and cash payable in lieu of fractional shares, as described in the Merger Agreement.
- [F2]Each stock option to purchase shares of Company Common Stock represents a contingent right to purchase one share of Company Common Stock.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each stock option to purchase shares of Company Common Stock (a "Company Option") that was unexpired, unexercised and outstanding as of the Effective Time (whether vested or unvested) was assumed by Parent and converted into an option to acquire that number of shares of Parent Common Stock equal to (i) the number of shares subject to such Company Option as of immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, at an exercise price per share equal to the quotient obtained by dividing the per share exercise price of the Company Option by the Exchange Ratio, rounded up to the nearest whole cent (each, an "Assumed Option"). Each such Assumed Option is otherwise subject to the same terms and conditions as applied to the corresponding Company Option immediately prior to the Effective Time, including vesting terms.
- [F4]The stock option is fully vested and exercisable.
Documents
Issuer
Redfin Corp
CIK 0001382821
Entity typeother
Related Parties
1- filerCIK 0001193764
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 9:34 PM ET
- Size
- 17.3 KB