reAlpha Tech (AIRE) 10% Owner Devanur Giri Sells 1,999 Shares

What Happened Devanur Giri, a 10% owner of reAlpha Tech Corp. (AIRE), sold 1,999 shares on 2026-08-11 in an open-market/private sale. The weighted-average price reported was $1.54 per share for total proceeds of approximately $3,074. This sale was to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), and is therefore a routine sell-to-cover transaction rather than a standalone market-timing trade.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-13 (timely filing).
• Shares sold: 1,999; weighted-average price reported $1.54; individual trade prices ranged $1.5085–$1.54. (Reporting person can provide breakdown on request.)
• Total proceeds: ~$3,074.
• Reason: Sale made solely to cover tax withholding for RSUs granted 4/30/2025 and 7/30/2025 that partially vested 7/30/2026 (per footnote).
• Ownership/authority: Reporting person is the managing member of Giri Devanur Holdings LLC and holds sole voting and investment power over the reported shares.
• Shares owned after transaction: Not specified in the provided filing summary.

Context Sell-to-cover transactions are common when RSUs vest; they simply convert a portion of the award into cash to satisfy tax withholding and do not necessarily signal a change in the insider’s view of the company. As a 10% owner, Giri’s trades are reported due to ownership level rather than executive trading rules.