MAGNOLIA CAPITAL FUND, LP 4
4 · RE/MAX Holdings, Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
RE/MAX (RMAX) Adam K. Peterson, Magnolia Managing Member, Sells 1.34M Shares
What Happened
Adam K. Peterson (managing member of The Magnolia Group, LLC) sold a total of 1,341,378 shares of RE/MAX Holdings, Inc. (RMAX) in open-market transactions across April 27–29, 2026. Sales by date: 632,091 shares at a $9.84 weighted-average ($6,219,775), 493,006 shares at $10.97 ($5,408,276), and 216,281 shares at $11.10 ($2,400,719). Total proceeds were approximately $14.03 million. These were sales (not purchases or option exercises).
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-04-27: 632,091 shares @ $9.84 (total ≈ $6,219,775). (Actual trades ranged $9.72–$10.07; weighted average reported.)
- 2026-04-28: 493,006 shares @ $10.97 (total ≈ $5,408,276). (Actual trades ranged $10.42–$11.38.)
- 2026-04-29: 216,281 shares @ $11.10 (total ≈ $2,400,719). (Actual trades ranged $11.02–$11.46.)
- Aggregate: 1,341,378 shares sold for ≈ $14,028,770.
- Ownership after transaction: filing notes Magnolia Capital Fund, LP (the direct owner) and related parties are no longer 10% owners of the issuer. The Form 4 discloses indirect ownership through Magnolia Capital Fund, LP and The Magnolia Group, LLC; Mr. Peterson disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing/timeliness: Form 4 was filed 2026-04-29 (reporting period begins 2026-04-27); the filing appears timely under Form 4 reporting rules.
- Footnotes: weighted-average prices reported; reporter offers to provide trade-level detail on request. No 10b5-1 plan, gift, or option exercise was reported.
Context
These were open-market sales by an entity controlled by Mr. Peterson rather than a direct personal grant or exercise; the filing shows multiple trades aggregated to weighted-average prices. Sales do not by themselves indicate the insider’s view of the company’s prospects; note also the filing reports the related entities have fallen below the 10% ownership threshold after these transactions.
Insider Transaction Report
- Sale
Common Stock
[F3][F1][F2][F6]2026-04-27$9.84/sh−632,091$6,219,775→ 1,691,727 total - Sale
Common Stock
[F4][F1][F2][F6]2026-04-28$10.97/sh−493,006$5,408,276→ 1,198,721 total - Sale
Common Stock
[F5][F1][F2][F6]2026-04-29$11.10/sh−216,281$2,400,719→ 982,440 total
Footnotes (6)
- [F1]The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.
- [F2]TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
- [F3]This transaction was executed in multiple trades at prices ranging from $9.72 to $10.07. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.
- [F4]This transaction was executed in multiple trades at prices ranging from $10.42 to $11.38. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.
- [F5]This transaction was executed in multiple trades at prices ranging from $11.02 to $11.46. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.
- [F6]Due to transactions listed above and explained in Footnotes 3, 4, and 5, MCF, TMG and Mr. Peterson are no longer 10% Owners of the Issuer.