Real REMAX (REAX) 10% Owner David Liniger Gifts 6,742 Shares

What Happened

• David L. Liniger, listed as a 10% owner of Real REMAX Group Inc. (REAX), was credited with an acquisition by will/inheritance (Form 4 code W) of 6,742 shares on 2026-09-24 and simultaneously disposed of 6,742 shares as a gift (code G). Both transactions show a reported price of $0.00 (total reported value $0), which is typical for transfers by inheritance and gifts.

Key Details

• Transaction dates: 2026-09-24 (acquisition by will/inheritance and gift).
• Transaction codes: W = acquisition by will/inheritance; G = gift.
• Price reported: $0.00 per share for both transactions (total reported value $0).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date/accession: Form filed 2026-09-28 (Accession 0000950138-26-000030). This filing was submitted four days after the transaction date and may be considered late under the Form 4 two-business-day reporting rule.
• No 10b5-1 plan, tax-withholding, or sale-for-cashless-exercise notes indicated in the provided details.

Context

• Gifts and inheritances are non-market transfers that do not necessarily indicate the insider’s view of the stock; they are often estate planning or personal-wealth moves. As a 10% owner, Liniger is a large shareholder rather than an ordinary employee trade — these transfers can reflect personal or family arrangements rather than trading for profit.