Rocket Companies (NYSE: RKT) director logs RSU exercise and 14,796-share Class A stock move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rocket Companies director Matthew Rizik reported compensation-related activity involving cash-settled restricted stock units and Class A common stock. On March 7, 2026, he exercised 14,796 cash-settled RSUs, which converted into 14,796 shares of Class A common stock at a stated price of $0.00 per share. A related “J” code entry shows an other acquisition or disposition of the same 14,796 Class A shares at $14.95 per share, leaving him with 1,038,536 Class A shares held directly afterward. The footnotes explain these RSUs were granted under the 2020 Omnibus Incentive Plan, vest in six semi-annual installments over three years, and settle in cash based on the fair market value of Rocket’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,592 shares exercised/converted
Mixed
12 txns
Insider
Rizik Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Cash-Settled Restricted Stock Units | 14,796 | $0.00 | -- |
| Exercise | Class A common stock | 14,796 | $0.00 | -- |
| Other | Class A common stock | 14,796 | $14.95 | $221K |
| Exercise | Cash-Settled Restricted Stock Units | 14,796 | $0.00 | -- |
| Exercise | Class A common stock | 14,796 | $0.00 | -- |
| Other | Class A common stock | 14,796 | $20.26 | $300K |
| holding | Class L-1 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
| holding | Class L-1 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
| holding | Class L-1 common stock | -- | -- | -- |
| holding | Class L-2 common stock | -- | -- | -- |
Holdings After Transaction:
Cash-Settled Restricted Stock Units — 132,752 shares (Direct);
Class A common stock — 1,053,332 shares (Direct);
Class L-1 common stock — 1,386,005 shares (Direct);
Class L-2 common stock — 986,005 shares (Direct);
Class L-1 common stock — 675,000 shares (Indirect, by grantor retained annuity trust (GRAT));
Class L-2 common stock — 825,000 shares (Indirect, by grantor retained annuity trust (GRAT))
Footnotes (1)
- Represents the vesting and automatic settlement into cash of a portion of the Cash-Settled Restricted Stock Units ("Cash-Settled RSUs") previously granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each Cash-Settled RSU represents the right to receive a cash payment equal to the fair market value of a share of the Issuer's common stock on the settlement date. The Cash-Settled RSUs vest in six semi-annual installments over three years. The Reporting Person is the trustee of the Matthew J. Rizik 2025 GRAT No. 2 (grantor retained annuity trust) and is the sole annuitant of the GRAT.
FAQ
What insider transactions did Matthew Rizik report for Rocket Companies (RKT)?
Matthew Rizik reported an exercise of 14,796 cash-settled restricted stock units that converted into 14,796 shares of Class A common stock, followed by an other acquisition or disposition of the same 14,796 shares, all dated March 7, 2026, under Form 4.
What are the terms of Matthew Rizik’s cash-settled RSUs reported at Rocket Companies (RKT)?
The cash-settled restricted stock units were granted under the Rocket Companies 2020 Omnibus Incentive Plan. Each unit represents a right to receive a cash payment equal to the fair market value of one share on the settlement date and vests in six semi-annual installments over three years.
Does Matthew Rizik have indirect Rocket Companies holdings through trusts?
Yes. The Form 4 lists indirect holdings of Rocket Companies Class L-1 and Class L-2 common stock held by grantor retained annuity trusts, including the Matthew J. Rizik 2025 GRAT No. 2, where he is trustee and sole annuitant according to the footnote disclosure.
Are Matthew Rizik’s Rocket Companies RSU transactions open-market buys or sales?
No. The filing classifies the RSU-related entries with code M for exercise or conversion of derivative securities and describes them as vesting and automatic cash settlement under the company’s incentive plan, approved by independent directors and exempt under Rule 16b-3, not open-market trading.