Rocket Companies CTO Disposes of $533K in Shares for Tax Withholding
Rocket Companies, Inc.
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Filing Summary
🚀 Rocket Companies, Inc. ($RKT) Form 4 Filing Summary
Insider: Shawn Malhotra (Chief Technology Officer) Transaction Date: September 7, 2026 Transaction Type: Tax Withholding (Code F) Shares Transacted: 37,930 @ $14.06 Total Value: $533,295.80 Shares Held Following Transaction: 867,341 Significance: Low (Mandatory tax withholding on RSU vesting)
Comprehensive Analysis
Executive Summary
On September 9, 2026, Rocket Companies, Inc. ($RKT) filed a Form 4 reporting a disposition of shares by Chief Technology Officer Shawn Malhotra. On September 7, 2026, Malhotra disposed of 37,930 shares of Class A common stock at $14.06 per share, representing a transaction value of $533,295.80.
Transaction Analysis
- Nature of Transaction: The transaction was coded as F, indicating shares forfeited/withheld to satisfy statutory tax withholding obligations resulting from the vesting of restricted stock units (RSUs) under the company's 2020 Omnibus Incentive Plan.
- Discretionary Status: This is a routine, non-discretionary transaction and does not indicate an open-market insider sale or a shift in executive sentiment.
- Post-Transaction Holdings: Following the tax withholding, Malhotra continues to directly own 867,341 shares of Class A common stock.
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