RE/MAX (RMAX) VP Leah Jenkins Disposes 72,640 Shares in Merger

What Happened
Leah R. Jenkins, Vice President and Chief Accounting Officer of RE/MAX Holdings (RMAX), reported a disposition to the issuer of 72,640 shares on August 24, 2026. The shares were surrendered as part of the company’s merger transactions. Under the merger terms each RE/MAX share was eligible to be settled for $13.80 in cash or 0.5150 shares of New Wildlife (the acquirer), implying a cash value of approximately $1,002,432 if cash was elected. The Form 4 lists the transaction as a disposition to the issuer (code D) and shows the per-share price as N/A because the exchange occurred under the merger agreement.

Key Details

• Transaction date: 2026-08-24 (Disposition to issuer, code D)
• Shares disposed: 72,640; per-share price: N/A on the Form 4 (merger consideration applied)
• Implied cash value (if cash election): 72,640 × $13.80 ≈ $1,002,432
• Footnotes:
  • F1: The filing reflects a two-step merger where RE/MAX became a wholly owned subsidiary of New Wildlife and then merged into a New Wildlife subsidiary.
  • F2: Reported securities included RSUs under the 2023 Omnibus Incentive Plan; RSUs were converted into corresponding New Wildlife RSUs per the merger terms.
  • F3: Each RE/MAX share was converted into the right to receive either $13.80 cash or 0.5150 New Wildlife shares.
• Shares owned after the transaction: Not disclosed in the provided excerpt of the filing.
• Timeliness: Reported for the period 2026-08-24 and filed the same day (not indicated as late).

Context
This was a merger-related surrender of shares to the issuer, not an open-market sale or a purchase. Dispositions tied to a corporate merger are structural (exchange of securities per the merger agreement) rather than a direct signal of the insider’s view of the company’s future stock performance. The filing also notes conversion treatment for outstanding RSUs into New Wildlife RSUs under the deal terms.