Form 4: Redfin Corp: Chief Legal Officer Anthony Ray Kappus Reports Stock Transactions
SEC Form 4
Anthony Ray Kappus, Chief Legal Officer of Redfin Corp, reports multiple transactions involving common stock and restricted stock units on February 20, 2025.
Summary
- On February 20, 2025, Anthony Ray Kappus, the Chief Legal Officer of Redfin Corp, 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 disposition of shares to cover tax obligations.
- Specifically, the transactions involved the vesting of 591, 3,966, 6,572, and 9,584 restricted stock units, each convertible to one share of common stock.
- Following the vesting, shares were disposed of to satisfy tax withholding requirements at a price of $8.64 per share.
- After these transactions, Kappus directly owns 44,916 shares of Redfin common stock and holds derivative securities including 592, 19,829, 6,572, and 47,924 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. 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 trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The vesting schedules and tax-related dispositions are typical components of equity compensation plans.
- Similar filings can be observed across the real estate and technology sectors, including companies like Zillow and Opendoor, where executives regularly report stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- Employees holding similar equity compensation may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of the reported transactions involving common stock and restricted stock units. |
| 05/20/2022 | Initial vesting date for a portion of the restricted stock units. |
| 05/20/2025 | Date by which 100% of some restricted stock units will be vested. |
| 06/01/2031 | Expiration date for some derivative securities. |
| 05/20/2023 | Initial vesting date for a portion of the restricted stock units. |
| 05/20/2026 | Date by which 100% of some restricted stock units will be vested. |
| 05/30/2033 | Expiration date for some derivative securities. |
| 05/28/2034 | Expiration date for some derivative securities. |
Keywords
Redfin Corp, Anthony Ray Kappus, Chief Legal Officer, Form 4, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership, Vesting, Tax Withholding
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