Form 4: Redfin Executive Jason Aleem Reports Stock Transactions
SEC Form 4
Jason Aleem, Chief of Real Estate Services at Redfin, reports the vesting and subsequent sale of restricted stock units on February 20, 2025, resulting in adjustments to his holdings of Redfin common stock.
Summary
- On February 20, 2025, Jason Aleem, Chief of Real Estate Services at Redfin, engaged in transactions involving Redfin common stock and restricted stock units.
- Aleem acquired shares through the vesting of restricted stock units and simultaneously disposed of shares to cover tax obligations.
- Specifically, he acquired a total of 16,789 shares of common stock through the vesting of restricted stock units at no cost.
- Concurrently, he disposed of 4,926 shares of common stock at a price of $8.64 per share to satisfy tax withholding requirements.
- Following these transactions, Aleem directly owns 109,069 shares of Redfin common stock.
- He also holds derivative securities in the form of restricted stock units, with varying vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and trading activities.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Redfin.
- Similar filings are regularly made by executives at companies like Zillow, Opendoor, and Compass, reflecting their compensation structures and personal financial decisions.
- The vesting schedules and tax-related sales are standard practices in executive compensation packages across the real estate technology industry.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent routine executive compensation and tax-related sales.
- The filing provides transparency to stakeholders regarding the executive's holdings and trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of the reported transactions involving common stock and restricted stock units. |
| 11/20/2022 | Initial vesting date for some of the restricted stock units. |
| 02/20/2023 | Initial vesting date for some of the restricted stock units. |
| 05/20/2023 | Initial vesting date for some of the restricted stock units. |
| 08/20/2023 | Initial vesting date for some of the restricted stock units. |
| 11/20/2023 | Initial vesting date for some of the restricted stock units. |
| 08/20/2024 | Initial vesting date for some of the restricted stock units. |
| 05/20/2025 | Final vesting date for some of the restricted stock units. |
| 08/20/2025 | Final vesting date for some of the restricted stock units. |
| 11/20/2025 | Final vesting date for some of the restricted stock units. |
| 02/20/2026 | Final vesting date for some of the restricted stock units. |
| 05/20/2026 | Final vesting date for some of the restricted stock units. |
| 11/30/2031 | Expiration date for some of the restricted stock units. |
| 05/26/2032 | Expiration date for some of the restricted stock units. |
| 05/30/2033 | Expiration date for some of the restricted stock units. |
| 08/31/2033 | Expiration date for some of the restricted stock units. |
| 05/28/2034 | Expiration date for some of the restricted stock units. |
Keywords
Redfin, Jason Aleem, stock transactions, restricted stock units, Form 4, beneficial ownership, RDFN
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