Real REMAX (REAX) Director Cathleen Raffaeli Receives 14,430 Shares

What Happened

• Cathleen C. Raffaeli, a director of Real REMAX Group Inc. (REAX), received two awards/stock acquisitions on August 24, 2026 totaling 14,430 shares (9,082 shares and 5,348 shares). No dollar price is reported (N/A) because these shares were issued as merger-related stock consideration rather than a cash purchase or open-market trade.
• The share issuances resulted from the August 24, 2026 merger under the Merger Agreement: REMAX shares/RSUs were converted into issuer stock (after a 10-for-1 consolidation of Real shares) pursuant to the merger terms and specified conversion ratios.

Key Details

• Transaction date: 2026-08-24; transaction code: A (award/grant/acquisition). Price: N/A (stock consideration from merger).
• Shares received: 9,082 and 5,348 (total 14,430 shares).
• Filing: This is an amended Form 4 filed 2026-09-03 to (a) remove two previously inapplicable footnotes and (b) correct clerical errors in the reported post-transaction ownership figures (the original Form 4 was filed on Aug 24, 2026).
• Notable footnotes: The transfers arose under the Merger Agreement (conversion of REMAX shares/RSUs into Issuer shares at a 0.5150 share rate after a 10-for-1 consolidation). The reporting person received stock consideration for the converted awards.
• Timeliness: The original Form 4 reporting the Aug 24 transaction was filed on Aug 24, 2026; this document is an amendment correcting prior reporting errors.

Context

• These shares were received as merger consideration (not an open-market purchase or exercise/sale), so they reflect the corporate transaction mechanics rather than an insider buying or selling to express a view on the stock.
• Amendments like this commonly correct clerical errors (ownership totals, extraneous footnotes) and do not by themselves indicate trading intent.