Brown Brian Nicholas 4

What Happened
Brian Nicholas Brown, President and Chief Financial Officer of Rocket Companies, received a grant of 367,892 restricted stock units (RSUs) on March 7, 2026 (reported as an Award, Code A). The RSUs were granted at $0.00 per share (standard for RSU awards). To satisfy tax withholding obligations related to the grant, a total of 31,247 shares were forfeited (reported as Code F): 16,572 shares on March 7, 2026 (valued at $14.95 each = $247,751) and 14,675 shares on March 8, 2026 (valued at $14.95 each = $219,391), totaling $467,142 in withheld value.

Key Details

• Transaction types/codes: A = Award/Grant (367,892 RSUs); F = Tax withholding (31,247 shares forfeited).
• Dates & prices: Grant dated 2026-03-07 (RSUs at $0.00); withholding disposals on 2026-03-07 and 2026-03-08 at $14.95 per share.
• Vesting: RSUs vest in six equal semi-annual installments over three years (each March 7 and September 7), beginning September 7, 2026, subject to continued employment (per filing footnote).
• Footnotes: Grant made under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan, exempt under Rule 16b-3 and approved by an independent directors’ committee (F1). F2 clarifies the withheld shares were used to pay tax withholding upon vesting.
• Shares owned after transaction: not specified in the Form 4.
• Filing: Form 4 filed 2026-03-10 reporting transactions on 2026-03-07; check the SEC filing for timeliness details.

Context
This was an equity award (RSUs), not an open-market purchase or voluntary sale. The forfeiture of ~31.2k shares was a tax-withholding mechanism common with RSU grants (often called a "share-for-tax" or net settlement). Such withholding doesn’t typically indicate a decision to reduce holdings for investment reasons — it’s routine to satisfy payroll/tax obligations when awards are issued or vest.