Form 4: Redfin Chief HR Officer Reports Routine Stock Transactions and RSU Conversions
Insider Transaction Report
Redfin Corporation's Chief Human Resources Officer, Anna Stevens, reported the conversion of restricted stock units into common stock and subsequent disposition of shares for tax withholding purposes.
Summary
- Anna Stevens, Chief Human Resources Officer of Redfin Corp (RDFN), reported multiple transactions involving Redfin common stock.
- On May 20, 2025, Ms. Stevens acquired a total of 19,911 shares of common stock through the conversion of restricted stock units (RSUs) at an exercise price of $0.
- Concurrently, Ms. Stevens disposed of a total of 5,904 shares of common stock at a price of $10.26 per share to cover tax withholding obligations related to the RSU conversions.
- Following these transactions, Ms. Stevens' direct beneficial ownership of Redfin common stock stands at 58,254 shares.
- Remaining restricted stock units include 24,944 units from a tranche vesting through August 20, 2026, and 29,952 units from a tranche vesting through May 20, 2026.
Sentiment
Score: 5
Explanation: The document reports routine insider transactions related to equity compensation, which are neutral in sentiment. There are no unexpected positive or negative financial implications beyond the standard course of business for an executive's compensation.
Positives
- Conversion of restricted stock units indicates the vesting of equity compensation, reflecting continued employment and performance.
- The acquisition of 19,911 shares through RSU conversions at a $0 exercise price increases the officer's direct stake in the company before tax-related dispositions.
Negatives
- Disposition of 5,904 shares for tax withholding reduces the total number of shares beneficially owned by the officer.
Stakeholder Impact
- Shareholders: Minor, as these are routine compensation-related transactions and do not indicate a change in company strategy or financial health.
- Employees: No direct impact beyond the reporting person.
Next Steps
- Continued vesting of 24,944 restricted stock units quarterly until August 20, 2026.
- Continued vesting of 29,952 restricted stock units quarterly until May 20, 2026.
Key Dates
| Date | Description |
|---|---|
| 08/20/2023 | First vesting date for a tranche of 8,315 restricted stock units (1/4 vested) and a tranche of 4,108 restricted stock units (1/8 vested). |
| 08/20/2024 | First vesting date for a tranche of 7,488 restricted stock units (1/8 vested). |
| 05/20/2025 | Transaction date for RSU conversions and stock dispositions; also the vesting completion date for one tranche of 4,108 restricted stock units. |
| 05/29/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
| 05/20/2026 | Vesting completion date for a tranche of 7,488 restricted stock units. |
| 08/20/2026 | Vesting completion date for a tranche of 8,315 restricted stock units. |
| 12/01/2032 | Expiration date for a tranche of 8,315 restricted stock units. |
| 05/30/2033 | Expiration date for a tranche of 4,108 restricted stock units. |
| 05/28/2034 | Expiration date for a tranche of 7,488 restricted stock units. |
Keywords
Redfin Corp, RDFN, Form 4, Insider Trading, Restricted Stock Units, RSU Conversion, Stock Disposition, Tax Withholding, Beneficial Ownership, Anna Stevens, Chief Human Resources Officer
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