Devanur Giri 4
4 · reAlpha Tech Corp. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
reAlpha (AIRE) 10% Owner Devanur Giri Receives RSU Award
What Happened
Devanur Giri, a 10% owner and managing member of Giri Devanur Holdings LLC, received a grant of 13,323 restricted stock units (RSUs) from reAlpha Tech Corp. on April 30, 2026. The RSUs were reported as acquired at $0.00 (compensation award). The number of RSUs was determined using the 10-day VWAP of $4.6911 (as adjusted for a 1-for-25 reverse stock split), which implies a notional value of about $62,500. These RSUs will convert to shares only upon vesting.
Key Details
- Transaction date: April 30, 2026 (Form 4 filed May 4, 2026). No late filing is indicated.
- Grant: 13,323 RSUs; acquisition price reported as $0.00 (compensation).
- Valuation used: 10-day VWAP = $4.6911 (used to determine award size after a 1-for-25 reverse split).
- Vesting: 50% vests 12 months after grant; remaining 50% vests in four equal quarterly installments over the following 12 months, subject to continued service and plan terms.
- Ownership after transaction: not specified in the provided filing.
- Footnote: reporting person holds sole voting and dispositive power for shares held through Giri Devanur Holdings LLC.
Context
This was an equity compensation grant (award), not a market purchase or sale—RSUs are contingent rights to receive shares if and when they vest, so they do not represent immediate stock sales or cash proceeds. For retail investors, compensation grants are common for executives and signal company compensation decisions rather than direct personal buying or selling. The reverse 1-for-25 stock split on April 30, 2026, has been applied to all share amounts reported.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-04-30+13,323→ 1,051,115 total
- 108,000(indirect: By LLC)
Common Stock
[F1][F3]
Footnotes (3)
- [F1]The Issuer effected a 1-for-25 reverse stock split of its issued and outstanding common stock on April 30, 2026 (the "Reverse Stock Split"). All share amounts reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
- [F2]Represents restricted stock units ("RSUs") granted to the reporting person on April 30, 2026, as compensation for services as an executive officer during the fiscal quarter ended March 31, 2026, under the Issuer's 2022 Equity Incentive Plan, as amended (the "Plan"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. These RSUs will vest as follows: (i) 50% will vest on the date that is 12 months from the date of grant and (ii) the remaining 50% will vest in four equal quarterly installments over the next 12-month period thereafter, subject to the continuous service of the reporting person on such vesting dates and compliance with the terms and conditions of the Plan. The number of RSUs awarded was based on the 10-day volume weighted average closing price of the Issuer's common stock, as reported on The Nasdaq Stock Market LLC, for the period ending on and including April 30, 2026, which, as adjusted for the Reverse Stock Split, was $4.6911.
- [F3]The reporting person is the managing member of Giri Devanur Holdings LLC and holds sole voting and investment power with respect to those shares of common stock.