Rizik Matthew 4
4 · Rocket Companies, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rocket (RKT) Director Matthew Rizik Sells 29,592 Shares via RSU Settlements
What Happened Matthew Rizik, a director of Rocket Companies (RKT), had portions of his cash‑settled restricted stock units (Cash‑Settled RSUs) vest and automatically settle into cash rather than shares. Two settlements converted 14,796 RSU equivalents each: on 2025-09-07 at $20.26 per share (14,796 shares → $299,767) and on 2026-03-07 at $14.95 per share (14,796 shares → $221,200), for a combined 29,592 share equivalents and $520,967 in cash. The Form 4 shows corresponding exercise/conversion (derivative) entries recorded at $0 because the awards were cash‑settled rather than stock‑issued.
Key Details
- Transaction dates and amounts:
- 2025-09-07: 14,796 share equivalents settled for $20.26 each → $299,767 (reported as disposition)
- 2026-03-07: 14,796 share equivalents settled for $14.95 each → $221,200 (reported as disposition)
- Total: 29,592 share equivalents; total cash received $520,967.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: These were Cash‑Settled RSUs under Rocket’s 2020 Omnibus Incentive Plan that vest semi‑annually and pay cash equal to the share fair market value on settlement.
- F2: The reporting person is the trustee of the Matthew J. Rizik 2025 GRAT No. 2 and the sole annuitant.
- Filing/date note: Form filed 2026-03-10. The 2025‑09‑07 settlement was reported well after the transaction date (i.e., late in relation to that event).
Context
- These were not open‑market sales but automatic cash settlements of RSUs (common for cash‑settled awards); they reflect compensation/payment rather than an active market sell order by the insider.
- Derivative codes on the Form 4 (M) reflect conversion/exercise events; the related cash payment is shown under other disposition (J).
- Such routine settlements are common and do not, by themselves, indicate insider sentiment about the company’s near‑term prospects.
Insider Transaction Report
- Exercise/Conversion
Class A common stock
[F1]2025-09-07+14,796→ 1,053,332 total - Other
Class A common stock
[F1]2025-09-07$20.26/sh−14,796$299,767→ 1,038,536 total - Exercise/Conversion
Class A common stock
[F1]2026-03-07+14,796→ 1,053,332 total - Other
Class A common stock
[F1]2026-03-07$14.95/sh−14,796$221,200→ 1,038,536 total - Exercise/Conversion
Cash-Settled Restricted Stock Units
[F1]2025-09-07−14,796→ 147,548 total→ Class A common stock (14,796 underlying) - Exercise/Conversion
Cash-Settled Restricted Stock Units
[F1]2026-03-07−14,796→ 132,752 total→ Class A common stock (14,796 underlying)
- 1,386,005
Class L-1 common stock
- 986,005
Class L-2 common stock
- 675,000(indirect: By Trust)
Class L-1 common stock
- 825,000(indirect: By Trust)
Class L-2 common stock
- 1,125,000(indirect: By Trust)
Class L-1 common stock
[F2] - 1,375,000(indirect: By Trust)
Class L-2 common stock
[F2]
Footnotes (2)
- [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]The Reporting Person is the trustee of the Matthew J. Rizik 2025 GRAT No. 2 (grantor retained annuity trust) and is the sole annuitant of the GRAT.