Real REMAX (REAX) Director Norman K. Jenkins Receives Awarded Shares

What Happened
Norman K. Jenkins, a director of Real REMAX Group Inc. (REAX), was issued two awards on August 24, 2026 totaling 19,098 shares (13,750 and 5,348 shares) reported as "Grant, award or other acquisition" (transaction code A). These shares were issued as consideration in connection with the issuer's acquisition of REMAX and The Real Brokerage under the Merger Agreement; the awards reflect the conversion/cancellation of REMAX RSUs into issuer shares (and any cash due). No per-share purchase price is listed on the Form 4.

Key Details

• Transaction date and filing date: August 24, 2026 (Form 4 filed same day). Filing appears timely.
• Shares reported acquired: 13,750 and 5,348 (total 19,098). Price per share: N/A on the Form 4.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Notable footnotes:
  • The awards arose from the Merger Agreement (Apr 26, 2026) that converted/cancelled REMAX RSUs and provided issuer shares/cash as consideration (Footnotes F1–F3).
  • The reporting person elected the Cash Consideration, which was subject to proration; due to proration each REMAX share that elected cash received a mix of cash ($4.33) and issuer shares (0.3535), per the footnotes (F2, F4).
• Transaction type: A = Award/Grant (not an open-market purchase or sale).

Context
These entries are not typical buy or sell trades by the insider but are merger consideration resulting from canceled RSUs. The Form 4 does not state a market value for the issued shares; part of the consideration was cash under the merger election and proration rules described in the filing. Such merger-related awards reflect corporate transaction mechanics rather than an insider expressing a buy/sell market view.