Devanur Giri 4

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.