Rocket Companies CTO Shawn Malhotra Forfeits 37,930 Shares

What Happened
Shawn Malhotra, Chief Technology Officer of Rocket Companies (RKT), had 37,930 shares forfeited on September 7, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $14.06 each, totaling approximately $533,296. This was a tax-withholding/forfeiture transaction, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-07; Filing date (Form 4): 2026-09-09.
• Shares forfeited (disposed): 37,930 at $14.06 each — total ~$533,296.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnote: Shares were forfeited to pay tax withholding on RSUs granted under the Issuer’s 2020 Omnibus Incentive Plan.
• Nature of transaction: tax withholding (code F) — routine administrative action, not a market trade.
• Timeliness: Form 4 filed two days after the transaction (no late-filing indication in excerpt).

Context
Forfeiture to cover tax withholding is common when restricted stock units vest; shares are surrendered to the company (or sold back to cover taxes) rather than sold in the open market. Such transactions are generally considered administrative and do not necessarily signal insider sentiment about the company's stock.