RE/MAX (RMAX) Director Katherine Scherping Disposes 41,486 Shares

What Happened

• Katherine Lee Scherping, a director of RE/MAX Holdings, Inc. (RMAX), recorded a disposition of 41,486 shares on August 24, 2026. The filing shows a disposition to the issuer (transaction related to the company’s merger) and does not report an open‑market sale price.
• Per the Merger Agreement, each RMAX 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. If all 41,486 shares were cashed out, the notional value would be about $572,507; if converted wholly into stock, the equivalent would be approximately 21,365 New Wildlife shares. The reported securities also included RSUs that were converted into New Wildlife stock and cash for accrued dividend equivalents, subject to withholding.

Key Details

• Transaction date: 2026-08-24 (disposition to issuer in connection with the merger).
• Reported price: N/A on the Form 4 (conversion under merger terms instead of an open‑market trade).
• Transaction code: D (Disposition to issuer) tied to the merger.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Describes the two-step merger closing that caused the conversions.
  • F2: RSUs were converted into New Wildlife stock plus cash for accrued dividend equivalents (subject to withholding).
  • F3: Each RMAX Class A share converted into either $13.80 cash or 0.5150 New Wildlife shares (Stock Election Exchange Ratio).
• Filing timeliness: Reported on 2026-08-24 (same day as the transaction date in the filing), indicating a timely Form 4.

Context

• This was a corporate‑transaction disposition tied to a merger, not an open‑market sale by the insider. Such merger-related conversions/cancellations are routine in M&A and do not necessarily signal personal trading intent or a view on the company’s future performance.