Rizik Matthew 4

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.