CEO Liquidates $2.6 Million Worth of Financial Services Stock

Key Points The disposition involved ~185,000 shares with an estimated transaction value of ~$2.6 million based on weighted-average execution prices. The transaction size was equal to 9% of the equity stake held directly by the insider prior to the filing. This activity was limited to direct holdings; the shares were withheld by the issuer to satisfy tax liabilities associated with the vesting of restricted stock units. This non-discretionary liquidity event represents a routine adjustment to equity compensation as part of the Rocket Companies 2020 Omnibus Incentive Plan. 10 stocks we like better than Rocket Companies › Krishna Varun, Chief Executive Officer of Rocket Companies, Inc.