Form 4: Redfin Director Julie Bornstein Reports Changes in Stock and RSU Holdings
Insider Transaction Report
Redfin Corp Director Julie Bornstein has reported the conversion of restricted stock units into common stock and the acquisition of new restricted stock units, as detailed in a recent SEC Form 4 filing.
Summary
- On June 9, 2025, Director Julie Bornstein converted 25,423 Restricted Stock Units (RSUs) into an equal number of Redfin Corp Common Stock shares.
- Following this conversion, Ms. Bornstein directly beneficially owns 68,642 shares of Common Stock.
- Additionally, on June 17, 2025, Ms. Bornstein acquired 17,080 new Restricted Stock Units.
- These newly acquired RSUs are scheduled to vest on June 6, 2026.
- After these transactions, Ms. Bornstein directly beneficially owns 17,080 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The filing reports routine equity compensation events for a director, including the conversion of RSUs to common stock and the grant of new RSUs, which generally indicates continued alignment of management with shareholder interests. There are no sales reported.
Positives
- Conversion of 25,423 Restricted Stock Units into common stock, increasing direct common stock ownership.
- Acquisition of 17,080 new Restricted Stock Units, indicating continued equity incentive and alignment with shareholder interests.
Negatives
- No negative transactions (e.g., sales) were reported in this filing.
Risks
- This Form 4 filing does not contain information regarding company-specific risks.
Future Outlook
This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing is a routine insider transaction report and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The transactions reflect changes in a director's direct ownership of company stock and equity incentives, aligning their interests with shareholders.
Next Steps
- The 17,080 Restricted Stock Units granted on June 17, 2025, are scheduled to vest on June 6, 2026.
Key Dates
| Date | Description |
|---|---|
| 06/09/2025 | Vesting and conversion of 25,423 Restricted Stock Units (RSUs) into Common Stock for Director Julie Bornstein. |
| 06/17/2025 | Grant of 17,080 new Restricted Stock Units (RSUs) to Director Julie Bornstein. |
| 06/23/2025 | Date the Statement of Changes in Beneficial Ownership (Form 4) was filed. |
| 06/06/2026 | Scheduled vesting date for the 17,080 Restricted Stock Units granted on June 17, 2025. |
| 06/06/2034 | Expiration date of the 25,423 Restricted Stock Units that vested and converted on June 9, 2025 (this is the derivative's expiration, not the common stock). |
| 06/17/2035 | Expiration date of the 17,080 Restricted Stock Units granted on June 17, 2025. |
Keywords
Redfin, RDFN, SEC Form 4, Insider Trading, Stock Ownership, Restricted Stock Units, RSU, Director, Julie Bornstein, Equity Compensation, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.