Rocket (RKT) CBO William Banfield Forfeits 8,056 Shares for Taxes

What Happened

• William D. Banfield, Chief Business Officer of Rocket Companies, forfeited 8,056 shares on April 7, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were valued at $15.03 each, totaling about $121,082. The Form 4 reports this as a disposition (code F) rather than a market sale.

Key Details

• Transaction date: 2026-04-07; filing date: 2026-04-08 (timely)
• Shares forfeited: 8,056 at $15.03 per share; total value ≈ $121,082
• Transaction code: F — shares forfeited/withheld to cover tax withholding on RSU vesting
• Shares owned after the transaction: not specified in the filing
• Footnote: F1 clarifies these shares were forfeited to pay tax withholding upon RSU vesting under Rocket’s 2020 Omnibus Incentive Plan

Context

• This was a routine tax-withholding transaction following RSU vesting (a cashless/forfeiture method), not an open-market sale or a new purchase; such withholdings are common and don’t necessarily indicate insider sentiment about the stock.