RE/MAX Holdings (RMAX) Director Norman K. Jenkins Disposes 38,896 Shares

What Happened

• Norman K. Jenkins, a director of RE/MAX Holdings, Inc. (RMAX), recorded a disposition to the issuer of 38,896 shares on August 24, 2026. The filing reports the shares as "Disposed" with no per-share sale price listed (N/A) because the transfer occurred under the terms of a merger.
• The transfers were part of the Merger Agreement under which RE/MAX merged into entities controlled by The Real Brokerage Inc. / New Wildlife. Under that agreement, each RE/MAX Class A share was converted, at the holder’s election, into either $13.80 in cash or 0.5150 shares of New Wildlife common stock. Restricted stock units (RSUs) were converted into the right to receive New Wildlife shares (plus any accrued dividend equivalents in cash), subject to withholding.

Key Details

• Transaction date: 2026-08-24. Transaction type: Disposition to issuer (D) in connection with the merger.
• Reported shares disposed: 38,896. No per-share sale price listed in the Form 4 (N/A) because consideration was determined under the merger exchange terms.
• Consideration under the Merger Agreement (per RE/MAX share): either $13.80 cash or 0.5150 New Wildlife shares (holder’s election). RSUs were converted into New Wildlife shares plus cash for accrued dividend equivalents (subject to withholding).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Reported for the period ending the same day (2026-08-24); no late filing indication in this report.

Context

• This was not an open-market sale; it was a merger-related conversion/transfer of RE/MAX securities into merger consideration (cash or stock). Such dispositions reflect corporate transaction mechanics rather than a standalone insider sell signal.
• The filing includes both outstanding RE/MAX shares and RSUs that were converted under the merger terms. Any tax withholding or cash paid for accrued dividend equivalents is handled per the Merger Agreement.