Form 4: Redfin Director David H. Lissy Acquires 29,275 Restricted Stock Units

David H. Lissy, a director of Redfin Corp, acquired 29,275 restricted stock units convertible to common stock on June 6, 2024.

Summary

• On June 6, 2024, David H. Lissy, a director of Redfin Corp, acquired 29,275 restricted stock units.
• These restricted stock units convert into common stock on a one-for-one basis upon settlement.
• The restricted stock units will vest on June 9, 2025.
• Settlement is deferred until the 60th day following the earlier of termination of service or a change in control.
• The reporting person holds phantom stock while receipt of common stock is being deferred.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The reporting person will receive common stock 60 days following the earlier of (i) the reporting person's termination of service with the issuer and (ii) a change in control of the issuer.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.

Key Dates