Scott Nagel - 20 Feb 2022 Form 4 Insider Report for Redfin Corp (RDFN)

Role
Pres. of Strategic Initiatives
Signature
/s/ Charles Lee, attorney-in-fact
Issuer symbol
RDFN
Transactions as of
20 Feb 2022
Transactions value $
-$27,789
Form type
4
Filing time
23 Feb 2022, 18:04:07 UTC
Previous filing
04 Jan 2022
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDFN Common Stock Options Exercise +1.55K +0.43% 359K 20 Feb 2022 Direct F1
transaction RDFN Common Stock Tax liability -$11K -466 -0.13% $23.67 358K 22 Feb 2022 Direct
transaction RDFN Common Stock Options Exercise +1.66K +0.46% 360K 20 Feb 2022 Direct F1
transaction RDFN Common Stock Tax liability -$11.8K -499 -0.14% $23.67 359K 22 Feb 2022 Direct
transaction RDFN Common Stock Options Exercise +772 +0.21% 360K 20 Feb 2022 Direct F1
transaction RDFN Common Stock Tax liability -$4.95K -209 -0.06% $23.67 360K 22 Feb 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDFN Restricted Stock Unit Options Exercise $0 -1.55K -50% $0.00 1.55K 20 Feb 2022 Common Stock 1.55K Direct F1, F2, F3
transaction RDFN Restricted Stock Unit Options Exercise $0 -1.66K -16.66% $0.00 8.29K 20 Feb 2022 Common Stock 1.66K Direct F1, F3, F4
transaction RDFN Restricted Stock Unit Options Exercise $0 -772 -10% $0.00 6.95K 20 Feb 2022 Common Stock 772 Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 1/4 of the restricted stock units vested on May 20, 2019, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2022.
F3 The reporting person's Form 4 filed on November 23, 2021 contained the incorrect number of restricted stock units beneficially owned following the transactions reported on that Form 4. The reporting person has corrected the error through this Form 4.
F4 1/4 of the restricted stock units vested on May 20, 2020, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2023.
F5 1/4 of the restricted stock units vested on May 20, 2021, and 1/16 of the restricted stock units will vest quarterly thereafter, such that 100% of the restricted stock units will be vested by May 20, 2024.