As of March 6, 2024, Glenn Kelman, the esteemed President, Chief Executive Officer, and Director of Redfin Corp, has amassed an estimated net worth of at least $50 million. Central to this valuation is his significant stock ownership in Redfin Corp, where he holds over 30,500 units valued at approximately $15,911,668, along with a larger ongoing ownership of at least 1,458,448 units. This substantial holding situates Kelman not only as a pivotal leader but also as a key financial stakeholder in the company.
Kelman has been actively engaged in managing his stock portfolio with Redfin, evident from his track record of over 18 trades since 2019. A notable recent transaction includes his acquisition of 30,500 units of RDFN stock for $195,505 on March 6, 2024. This pattern of trading suggests a tactical approach to his investments, reflecting a hands-on style that might inspire confidence in Redfin’s market prospects.
One of Kelman’s substantial moves was the exercise of 211,111 units on November 9, 2023, valued at over $791,666. On average, Kelman executes approximately 64,419 units in trades every 88 days, underscoring a strategic rhythm in his trading activities. Such frequent trading can convey a deep confidence in Redfin Corp's performance, potentially influencing investor perceptions and market dynamics.
With an annual salary of $1,082,280, Kelman’s role at Redfin is complemented by his adept management of personal and company-related financial assets. His involvement in SEC filings, specifically through Form 4, ensures regulatory compliance and transparency regarding his insider trading actions.
| Aspect | Details |
|---|---|
| Net Worth (as of March 6, 2024) | At least $50 million |
| Stock Holdings in Redfin Corp |
|
| Recent Significant Trade | Acquisition of 30,500 units for $195,505 on March 6, 2024 |
| Major Trade Detail | Exercised 211,111 units valued over $791,666 on November 9, 2023 |
| Average Trading Activity | Approximately 64,419 units every 88 days |
| Annual Salary | $1,082,280 |
| Regulatory Compliance | Involvement in SEC filings through Form 4 |
Consistent trading actions from a CEO like Kelman often serve as market signals that can shape investor sentiment. His approach to stock ownership and trading might suggest robust confidence in Redfin’s strategic position within the competitive real estate technology market.
For those interested in exploring more about the financial benchmarks surrounding corporate figures like Glenn Kelman, a dedicated category on net worth, including other industry leaders, can be explored at Splatterly Net Worth.
Kelman’s financial activities are instrumental in conveying Redfin’s potential and stability in the market. His leadership and financial acumen provide an insightful lens into the company's ongoing evolution and prospects.
