Form 4: Redfin CFO Christopher Nielsen Reports Stock Transactions
SEC Form 4
Christopher Nielsen, CFO of Redfin, reports multiple transactions involving common stock and restricted stock units on August 20, 2024.
Summary
- On August 20, 2024, Christopher Nielsen, the CFO of Redfin, engaged in several transactions involving Redfin's common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.
- Specifically, Nielsen acquired shares through the vesting of restricted stock units and then disposed of a portion of those shares to satisfy tax withholding requirements at a price of $9.12 per share.
- Following these transactions, Nielsen directly owns 446,609 shares of Redfin common stock and holds various restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/20/2022 | 1/4 of the restricted stock units vested |
| 05/20/2023 | 1/4 of the restricted stock units will vest |
| 08/20/2024 | Date of transactions: vesting of RSUs and tax withholding |
| 05/20/2025 | 100% of some restricted stock units will be vested |
| 05/20/2026 | 100% of some restricted stock units will be vested |
| 06/01/2031 | Expiration date of some derivative securities |
| 05/26/2032 | Expiration date of some derivative securities |
| 05/30/2033 | Expiration date of some derivative securities |
| 05/28/2034 | Expiration date of some derivative securities |
| 08/22/2024 | Date of signature |
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