Real REMAX (REAX) Director Cathleen Raffaeli Receives RSU Award

What Happened
Cathleen C. Raffaeli, a director of Real REMAX Group Inc. (REAX), received an award of 6,526 restricted stock units (RSUs) on September 9, 2026. The RSUs were granted at $0.00 per unit (derivative award); each RSU represents a contingent right to one share of common stock and will vest on May 29, 2027. This is an award/compensation transaction rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-09; Form 4 filed 2026-09-11 (appears timely under the two-business-day rule).
• Award type/code: A (Grant/Award); price reported $0.00 per RSU.
• RSUs granted: 6,526; each RSU equals one contingent share (see footnote).
• Vesting: RSUs vest on May 29, 2027 (footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU converts to one common share upon vesting; F2 — vesting date May 29, 2027.
• No indication of a 10b5-1 plan, tax withholding, cashless exercise, or gift.

Context
RSU grants are a common form of equity compensation for executives and directors and do not by themselves indicate a buy or sell decision. Because these are contingent RSUs that vest in the future, they represent potential future dilution when converted to shares upon vesting.