Swaminathan Balaji 4

What Happened
Swaminathan Balaji, a director of reAlpha Tech Corp. (AIRE), was issued 3,997 shares on April 30, 2026 as a director compensation award. The Form 4 lists acquisition price as $0.00 (code A = award). Per the filing footnote, the number of shares was determined using a 10‑day VWAP of $4.6911 (as adjusted for a 1-for-25 reverse stock split), which values the award at approximately $18,750. This was a compensation grant to a non‑executive director rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-04 (appears timely — filed within the two business‑day window).
• Reported price on Form 4: $0.00 (award). VWAP used to value award (F2): $4.6911 per share; total ≈ $18,750.
• Shares issued: 3,997 (amounts adjusted for a 1-for-25 reverse stock split effected April 30, 2026 — F1).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 notes the reverse stock split adjustment; F2 explains the award was quarterly director compensation under the company’s 2022 Equity Incentive Plan and valued using the 10‑day VWAP.
• Transaction code: A = Award/Grant (compensation).

Context
This was a routine equity compensation award to a non‑executive director under the company’s director compensation policy and does not represent an open market purchase or sale. Such awards are typically standard corporate compensation and should not be interpreted on their own as an insider signal about near‑term stock performance.