Real REMAX (REAX) Director Raffaeli Receives 35,350 Shares

What Happened
Cathleen Raffaeli (Director) was reported to have acquired two grant/award amounts on August 24, 2026: 4,508 shares and 30,842 shares of Real REMAX Group Inc., for a total of 35,350 shares. No per-share price is listed because these shares were issued as merger consideration in connection with the issuer’s acquisition of The Real Brokerage Inc. and RE/MAX Holdings, Inc. The filing notes the Reporting Person elected the cash consideration option under the merger, which was subject to proration, so she received a mix of cash and issuer shares per the merger terms.

Key Details

• Transaction date: 2026-08-24 (reported the same day)
• Transaction type/code: Award/other acquisition (A) — merger-related conversion of RSUs/consideration
• Shares received: 4,508 and 30,842 (total 35,350 shares)
• Price: N/A (shares issued as merger consideration; part-cash/part-stock election)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Relevant footnotes: F1–F4 describe the Merger Agreement, a 10-for-1 share consolidation, conversion mechanics, cancellation of specified RSUs, and that the Reporting Person elected Cash Consideration (subject to proration). Per footnotes, REMAX holders who elected cash received $4.33 cash plus 0.3535 shares (after proration) for each REMAX share that elected cash.
• Timeliness: Filing period and filing date are both 2026-08-24 (appears timely).

Context
This was not an open-market buy or sale but a conversion/award tied to the company’s merger deal and RSU cancellations. Such transactions reflect deal consideration mechanics rather than a director’s active purchase or sale decision; the filing also indicates a cash-plus-share election with proration, so the insider received both cash and stock per the merger terms.