Logozzo Michael J. 4
Research Summary
AI-generated summary
reAlpha (AIRE) CEO Michael Logozzo Receives RSU Award
What Happened
- Michael J. Logozzo, CEO and Director of reAlpha Tech Corp. (AIRE), received a grant of 15,988 restricted stock units (RSUs) on April 30, 2026. The RSUs were awarded as compensation (reported acquisition price $0.00). Using the 10‑day VWAP through April 30, 2026 ($4.6911, adjusted for a 1-for-25 reverse split), the grant’s approximate initial value is $75,001.
Key Details
- Transaction date: April 30, 2026; Report filed: May 4, 2026 (timely filing).
- Grant type/code: A = Award/Grant (15,988 RSUs); acquisition reported at $0.00.
- Valuation used: 10‑day VWAP $4.6911 (used to set grant amount after reverse split).
- Shares owned after transaction: Not specified in the summary information provided.
- Notable footnotes: (1) A 1-for-25 reverse stock split was effective April 30, 2026 and all share amounts are adjusted; (2) RSUs are contingent rights to one share each and vest per the plan (see Context).
- No sale or purchase occurred — this was a compensation grant, not an open‑market trade.
Context
- Vesting: 50% of the RSUs vest 12 months after grant; the remaining 50% vests in four equal quarterly installments over the following 12 months, subject to continued service and Plan terms. Each RSU converts to one share upon vesting. Such awards are common for executive compensation and do not, by themselves, signal a direct buy or sell decision by the insider.