Dow Roger J. 4

What Happened
Roger J. Dow, a director of RE/MAX Holdings, Inc. (RMAX), was granted 10,385 restricted stock units (RSUs) on May 12, 2026. The grant is reported at a price of $0.00 (standard for RSU awards) and carries a reported acquisition value of $0. These RSUs are unvested and scheduled to vest on May 1, 2027.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (appears timely under the two-business-day rule).
• Transaction type/code: Award/Grant (A). Reported price: $0.00; reported total value: $0.
• Shares granted: 10,385 RSUs (all unvested as of the grant). Footnote: grant made under the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan; RSUs vest on May 1, 2027.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing accession: 0001586505-26-000002.

Context
RSUs are a form of equity compensation that convert into company shares (or cash equivalent) when they vest; they do not represent immediately tradable shares until vesting and may be forfeited if vesting conditions aren't met. Director RSU grants are commonly used to align directors with shareholder interests and are generally considered routine compensation rather than a direct buy/sell signal.