Scott Nagel - 28 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
28 Feb 2022
Transactions value $
-$315,257
Form type
4
Filing time
02 Mar 2022, 15:08:45 UTC
Previous filing
23 Feb 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 +53.1K +14.74% 413K 28 Feb 2022 Direct F1
transaction RDFN Common Stock Tax liability -$315K -14.6K -3.53% $21.63 398K 28 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 Performance Stock Unit Award $0 +53.1K $0.00 53.1K 28 Feb 2022 Common Stock 53.1K Direct F1, F2
transaction RDFN Performance Stock Unit Options Exercise $0 -53.1K -100% $0.00* 0 28 Feb 2022 Common Stock 53.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert into common stock on a one-for-one basis.
F2 The reporting person was granted these performance stock units (PSUs) on June 1, 2019. On February 28, 2022, the registrant's compensation committee certified achievement of the PSUs' performance conditions. On that date, the PSUs became fully vested.