Form 4: Redfin Director Selina Tobaccowala Reports Stock Transaction
SEC Form 4
Director Selina Tobaccowala reported the vesting and conversion of restricted stock units into Redfin Corp common stock on June 16, 2024.
Summary
- On June 16, 2024, Selina Tobaccowala, a director of Redfin Corp, reported a transaction involving restricted stock units.
- 16,819 restricted stock units vested and converted into common stock on a one-for-one basis.
- Following the transaction, Tobaccowala directly owns 130,897 shares of Redfin Corp common stock.
- The restricted stock units were set to vest on June 16, 2024, and had an initial expiration date of June 13, 2033.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a continued alignment of the director's interests with the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies like Redfin. It provides transparency to investors regarding the holdings and transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of transaction: Restricted stock units vested and converted into common stock. |
| 06/13/2033 | Initial expiration date of the restricted stock units. |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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