reAlpha (AIRE) 10% Owner Devanur Giri Withholds 1,051 Shares
$AIRE · reAlpha Tech Corp.Research Summary
AI-generated summary of this SEC filing
reAlpha (AIRE) 10% Owner Devanur Giri Withholds 1,051 Shares
What Happened
Devanur Giri, a 10% owner and managing member of Giri Devanur Holdings LLC, had 1,051 shares of reAlpha Tech Corp. (AIRE) withheld on July 27, 2026 to satisfy tax withholding obligations from the settlement of restricted stock units (RSUs). The withheld shares were valued at $1.42 each, totaling $1,492. This is a tax-withholding/net-share settlement transaction (code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: July 27, 2026 — 1,051 shares withheld at $1.42/share (total $1,492).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote F1: Shares were withheld to cover tax withholding on RSUs granted April 30, 2025 (7,144 RSUs total; 3,572 vested after 12 months; remaining 50% vests in four equal quarterly installments over the next 12 months, subject to continued service).
- Footnote F2: Reporting person is the managing member of Giri Devanur Holdings LLC and holds sole voting and investment power over those shares.
- Filing timeliness: Report filed July 29, 2026 for the July 27 transaction — appears timely (filed within the usual two-business-day window).
Context
This was a routine tax-withholding (net settlement) related to RSU vesting — common when equity awards vest and shares are withheld to satisfy tax obligations. For retail investors, withholdings do not necessarily indicate a change in insider sentiment; they reflect tax mechanics. As a 10% owner, Giri’s holdings are reported as insider transactions but should be interpreted based on context (award vesting), not as an active buy/sell decision.