Form 4: Redfin Executive Jason Aleem Reports Stock Transactions
SEC Form 4 Filing
Jason Aleem, Chief of Real Estate Services at Redfin, reports multiple transactions involving common stock and restricted stock units on May 20, 2024.
Summary
- On May 20, 2024, Jason Aleem, Chief of Real Estate Services at Redfin, reported several transactions.
- These transactions involved the acquisition and disposal of Redfin common stock and restricted stock units.
- The transactions included the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.
- The price per share for the disposed shares was $7.11.
- Following these transactions, Aleem directly owns 68,555 shares of Redfin common stock.
- Aleem also holds derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of earliest transaction and multiple subsequent transactions involving common stock and restricted stock units. |
| 11/20/2021 | Initial vesting date for some restricted stock units. |
| 11/20/2022 | Initial vesting date for some restricted stock units. |
| 05/20/2023 | Initial vesting date for some restricted stock units. |
| 02/20/2023 | Initial vesting date for some restricted stock units. |
| 08/20/2023 | Initial vesting date for some restricted stock units. |
| 11/20/2023 | Initial vesting date for some restricted stock units. |
| 05/20/2026 | Final vesting date for some restricted stock units. |
| 02/20/2026 | Final vesting date for some restricted stock units. |
| 08/20/2025 | Final vesting date for some restricted stock units. |
| 11/20/2025 | Final vesting date for some restricted stock units. |
| 12/01/2030 | Expiration date for some derivative securities. |
| 11/30/2031 | Expiration date for some derivative securities. |
| 05/26/2032 | Expiration date for some derivative securities. |
| 05/30/2033 | Expiration date for some derivative securities. |
| 08/31/2033 | Expiration date for some derivative securities. |
| 05/22/2024 | Date of signature for the Form 4 filing. |
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