Form 4: Redfin Corp Executive Frey Bridget Reports Stock Option Exercise and Resulting Share Ownership
SEC Form 4 Filing
Chief Technology Officer of Redfin Corp, Bridget Frey, reports exercising stock options and acquiring 6,509 shares of common stock on May 14, 2024.
Summary
- On May 14, 2024, Bridget Frey, Chief Technology Officer of Redfin Corp, exercised stock options to acquire 6,509 shares of common stock at a price of $6.42 per share.
- Following the transaction, Frey directly owns 428,949 shares of Redfin Corp common stock.
- The stock option was fully exercisable as of the transaction date.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine exercise of stock options by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock option exercise and acquisition of shares. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
| 07/10/2024 | Expiration date of the stock option. |
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