Real REMAX (REAX) Director Erik Carlson Receives 868,875 Shares

What Happened
Erik Carlson, a director of Real REMAX Group Inc. (REAX), was granted/received two award entries on August 24, 2026 totaling 868,875 shares (98,031 and 770,844). The filing lists these as awards/acquisitions (transaction code A) with no per-share price reported (N/A). These awards arose from the closing of a merger (the Merger Agreement) among the Issuer, The Real Brokerage Inc. and RE/MAX Holdings, Inc., which converted and/or cancelled REMAX and Real equity and converted certain RSUs/PSUs into Issuer restricted share units.

Key Details

• Transaction date: 2026-08-24 (report also filed on 2026-08-24). Filing appears timely.
• Shares received: 98,031 and 770,844 (total 868,875). Price per share: N/A (merger consideration / award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant (not an open-market buy or sale).
• Notable footnotes:
  • F1: Merger Agreement closed 8/24/2026; Real shares consolidated 10-for-1 and converted into Issuer shares; REMAX shares converted into either cash or Issuer shares per merger terms.
  • F2: Due to proration, REMAX shares electing cash received a mix of $4.33 cash and 0.3535 Issuer shares (post-consolidation) per REMAX share.
  • F3/F4: Time-based and performance-based REMAX RSUs/PSUs were cancelled and converted into Issuer restricted share units using a 0.5150 conversion factor (rounded to whole shares).
  • F5: The reporting person elected the Cash Consideration, which was subject to the proration that produced a partial share component.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided details.

Context
These receipts are merger-related awards/conversions (corporate action), not purchases or sales in the open market. Because the shares result from the REMAX/Real merger mechanics and proration elections, they reflect transaction settlement and award conversion rules rather than a director buying or selling based on private judgment. For retail investors, such merger-driven awards are informative about changes in insider holdings but do not by themselves signal a buy/sell judgment by the insider.