Form 4: Redfin's Chief Legal Officer, Anthony Ray Kappus, Reports Stock Transactions
SEC Form 4 Filing
Anthony Ray Kappus, Chief Legal Officer of Redfin, reports the acquisition and disposal of common stock and restricted stock units on May 20 and 21, 2024.
Summary
- On May 20, 2024, Anthony Ray Kappus, Chief Legal Officer of Redfin, executed multiple transactions involving Redfin's common stock and restricted stock units.
- These transactions included the conversion of restricted stock units into common stock and the disposal of common stock to cover tax obligations.
- Specifically, Kappus converted 527, 592, 3,966, and 6,572 restricted stock units into common stock.
- Simultaneously, Kappus disposed of 129, 145, 966, and 1,601 shares of common stock at a price of $7.11 per share.
- On May 21, 2024, Kappus sold 8,816 shares of common stock at a weighted average price of $6.9629, with individual trades ranging from $6.92 to $7.05.
- Following these transactions, Kappus directly owns 15,477 shares of Redfin common stock and holds derivative securities including 2,366 and 31,726 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/20/2021 | 1/4 of the restricted stock units (527) vested. |
| 05/20/2022 | 1/4 of the restricted stock units (592) vested. |
| 08/20/2023 | 1/8 of the restricted stock units (6,572) vested. |
| 05/20/2023 | 1/4 of the restricted stock units (3,966) vested. |
| 05/20/2024 | Various transactions involving common stock and restricted stock units occurred. |
| 05/21/2024 | Sale of 8,816 shares of common stock. |
| 05/20/2025 | 100% of the restricted stock units (6,572) will be vested. |
| 05/20/2025 | 100% of the restricted stock units (592) will be vested. |
| 05/20/2026 | 100% of the restricted stock units (3,966) will be vested. |
| 12/01/2030 | Expiration date for restricted stock units (527). |
| 06/01/2031 | Expiration date for restricted stock units (592). |
| 05/26/2032 | Expiration date for restricted stock units (3,966). |
| 05/30/2033 | Expiration date for restricted stock units (6,572). |
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.