Kutzman Thomas J Jr 4
4 · reAlpha Tech Corp. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
reAlpha Tech (AIRE) CFO Thomas J. Kutzman Jr. Receives 72,218 Shares
What Happened
Thomas J. Kutzman Jr., the Chief Financial Officer of reAlpha Tech Corp. (AIRE), was issued 72,218 shares on March 16, 2026 as the first installment of deferred merger consideration related to reAlpha’s acquisition of Prevu, Inc. The filing values these shares at $0.3029 per share (10‑day VWAP as of March 16, 2026), for a total payment of approximately $21,874.83. This was an issuance under the merger agreement (an “other acquisition” type transaction), not an open‑market purchase.
Key Details
- Transaction date: March 16, 2026; Form 4 filed April 20, 2026 (filed late relative to the 2‑business‑day Form 4 deadline).
- Transaction code: J (other acquisition/disposition); shares issued as deferred merger consideration (see footnote F1).
- Price per share used for valuation: $0.3029 (10‑day VWAP as of March 16, 2026). Total value ≈ $21,874.83.
- Shares owned after the transaction: Not stated in the provided filing summary.
- Notable footnotes:
- F1: Confirms these 72,218 shares were issued to satisfy the first installment of deferred merger consideration under the Merger Agreement.
- F2: Notes 1,000,400 shares underlying restricted stock units granted Nov 21, 2025 under the 2022 Equity Incentive Plan (contingent rights to receive shares subject to plan/award terms).
- Filing timeliness: The Form 4 was filed over a month after the March 16 transaction date; late filings can prompt company/SEC review and are disclosures investors should note.
Context
This transaction represents merger consideration being paid to an insider, not a market purchase or sale. Such issuances are common in acquisitions and reflect contractual payment terms rather than an independent trading decision by the insider. The RSUs referenced in F2 are contingent awards (rights to receive shares if/when vested) and are separate from the shares issued as merger consideration.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-03-16+72,218→ 1,183,087 total
Footnotes (2)
- [F1]Represents shares of common stock of the Issuer that were issued to the reporting person in satisfaction of the first installment of the deferred merger consideration payable in connection with the Issuer's acquisition of Prevu, Inc., under that certain Agreement and Plan of Merger, dated November 21, 2025 (the "Merger Agreement"). These shares of common stock represent the portion of the deferred merger consideration payable to the reporting person under the terms and provisions of the Merger Agreement. In accordance with the terms of the Merger Agreement, a price per share of $0.3029 was calculated based on the 10-day volume-weighted average price of the Issuer's shares of common stock, as reported on the Nasdaq, as of March 16, 2026, which represents a total deferred merger consideration payment of approximately $21,874.83 to the reporting person.
- [F2]Includes 1,000,400 shares of common stock underlying restricted stock units granted on November 21, 2025, under the Issuer's 2022 Equity Incentive Plan, as amended (the "2022 Plan"), each of which represent a contingent right to receive one share of common stock of the Issuer, subject to the terms and conditions of the 2022 Plan and the applicable award agreement.