Krishna Varun 4

What Happened

• Krishna Varun, CEO of Rocket Companies (RKT), received a grant of 1,003,344 restricted stock units (RSUs) on 2026-03-07 (code A). Each RSU represents the contingent right to one share of Class A common stock.
• To satisfy tax withholding obligations (code F), Varun had 52,082 shares forfeited on 2026-03-07 and 58,259 shares forfeited on 2026-03-08 at $14.95 per share, totaling 110,341 shares and approximately $1,649,598 in value. These forfeitures are routine tax-withholding transactions, not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-03-07: RSU grant — 1,003,344 RSUs @ $0.00 (award)
  • 2026-03-07: Tax withholding — 52,082 shares @ $14.95 = $778,626 (forfeited)
  • 2026-03-08: Tax withholding — 58,259 shares @ $14.95 = $870,972 (forfeited)
• Shares owned after transaction: Not stated in the filing.
• Footnotes: RSUs granted under the 2020 Omnibus Incentive Plan; RSUs vest in six equal semi-annual installments over three years (first vesting 2026-09-07). F2 notes the forfeited shares were to pay tax withholding on RSU vesting.
• Filing: Form 4 filed 2026-03-10 (no late-filing indication in the document).

Context

• RSUs are awards that convert to shares upon vesting; this grant increases Varun’s potential future ownership but does not immediately transfer marketable shares to him.
• The forfeiture of shares to cover taxes is a common, administrative (cashless) action and typically should not be read as a bearish signal—these are routine withholdings associated with equity compensation.