Swaminathan Balaji 4

What Happened

• Swaminathan Balaji, a director of reAlpha Tech Corp. (AIRE), was issued 14,778 shares on January 30, 2026 as an award (transaction code A) for quarterly non‑executive director compensation.
• The filing reports an acquisition price of $0.00 (award/grant); the Form 4 shows $0 as the cash cost. The number of shares was determined using the 10‑day volume‑weighted average Nasdaq closing price ending January 30, 2026 (see footnote).
• This was a compensation award (not an open‑market purchase or sale) and is routine director pay rather than a direct market signal to buy or sell stock.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (filed timely within the two business‑day requirement).
• Transaction type/code: Award/Grant (A); shares issued: 14,778; reported price: $0.00; reported cash value on form: $0.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: F1 — quarterly compensation issued under the Issuer’s 2022 Equity Incentive Plan; share count set by the 10‑day VWAP ending Jan 30, 2026.

Context

• Director awards are common as part of board compensation and do not necessarily indicate insider buying or selling intent. The award increased Balaji’s holdings through issuance rather than a market transaction.
• Because the share count was tied to VWAP, the economic value of the award depends on market price at that period; the Form 4 itself reports the award at $0 acquisition price. Monitor future Form 4s for any sales or additional purchases by the insider.