4//SEC Filing
STEVENS ANNA 4
Accession 0001628280-25-034366
CIK 0001382821other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 9:39 PM ET
Size
14.9 KB
Accession
0001628280-25-034366
Insider Transaction Report
Form 4
Redfin CorpRDFN
STEVENS ANNA
Chief Human Resources Officer
Transactions
- Disposition to Issuer
Common Stock
2025-07-01−125,262→ 0 total - Disposition to Issuer
Restricted Stock Unit
2025-07-01−92,329→ 0 total→ Common Stock (92,329 underlying) - Disposition to Issuer
Restricted Stock Unit
2025-07-01−24,944→ 0 total→ Common Stock (24,944 underlying) - Disposition to Issuer
Restricted Stock Unit
2025-07-01−29,952→ 0 total→ Common Stock (29,952 underlying) - Disposition to Issuer
Restricted Stock Unit
2025-07-01−63,281→ 0 total→ Common Stock (63,281 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]Restricted stock units to acquire shares of Company Common Stock (each a "Company RSU") convert into Company Common Stock on a one-for-one basis upon settlement.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each Company RSU that was unexpired, unsettled and outstanding as of the Effective Time (whether vested or unvested) was assumed by Parent and converted into a restricted stock unit to receive that number of shares of Parent Common Stock equal to the product obtained by multiplying (x) the number of shares subject to such Company RSU immediately prior to the Effective Time by (y) the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock (each, an "Assumed RSU"). Each such Assumed RSU is otherwise subject to the same terms and conditions as applied to the corresponding Company RSUs immediately prior to the Effective Time, including vesting terms.
- [F4]Company RSUs do not expire; they either vest or are canceled prior to the vesting date.
Documents
Issuer
Redfin Corp
CIK 0001382821
Entity typeother
Related Parties
1- filerCIK 0001759574
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 9:39 PM ET
- Size
- 14.9 KB