Rocket (RKT) CBO William Banfield Forfeits 61,315 Shares for Taxes

What Happened
William D. Banfield, Chief Business Officer of Rocket Companies (RKT), forfeited 61,315 shares on 2026-09-07 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were valued at $14.06 each, for a total disposition of approximately $862,089. This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-09-07; filing date: 2026-09-09. No late filing indicated.
• Disposition: 61,315 shares surrendered to cover tax withholding. Price used: $14.06/share; total value ≈ $862,089.
• Shares owned after transaction: not specified in the provided excerpt of the filing. See full Form 4 for the post-transaction beneficial ownership figure.
• Footnotes:
  • F1: Shares were forfeited to pay tax withholding upon RSU vesting under the Issuer's 2020 Omnibus Incentive Plan.
  • F2: Notes a conversion of 2,826,979 shares previously reported as Class L-1 to Class A common stock per the company’s certificate of incorporation; conversion was Rule 16b-3 exempt.

Context
Forfeiting or surrendering shares to cover tax withholding is a routine, administrative action when restricted stock units vest and does not necessarily signal insider buying or selling intent. This is different from an open-market sale (which can indicate liquidity or sentiment) or a purchase (which can be a more bullish signal).