Real REMAX Group (REAX) CTO Damani Pritesh Receives Award

What Happened

• Damani Pritesh, Chief Technology Officer of Real REMAX Group (REAX), received a grant of 58,180 derivative share awards (reported as an acquisition of derivative securities) on 2026-09-09. The reported price per share is $0.00, so no cash was paid at grant.
• These awards are share‑based (RSUs/PSUs). PSUs are performance‑based and will only convert to shares if performance conditions are met; RSUs represent a contingent right to receive one share each once vested.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (appears timely).
• Amount: 58,180 share‑based awards; reported acquisition price $0.00 (grant).
• Vesting/conditions: Footnotes indicate performance RSUs (PSUs) and time‑based RSUs with multiple vesting schedules. Notable schedules:
  • F10: Certain PSUs are earned by performance; once earned 25% vest on March 15, 2027, with the remainder vesting in equal quarterly installments over the following four quarters.
  • F11: Certain PSUs are earned by performance; once earned 50% vest on March 15, 2028, with the remainder vesting in equal quarterly installments over the following six quarters.
  • F4/F9: Each RSU/PSU equals a contingent right to one share.
• F1 notes the filing reflects exclusion of RSUs and PSUs that were previously reported on the Reporting Person’s Form 3.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type code: A = Award/Grant of derivative securities.

Context

• This was a grant of share‑based awards, not an open‑market purchase or sale. No immediate cash proceeds or share sales were reported.
• PSUs are contingent on future performance; vesting schedules mean these awards may convert to common stock over time if performance and vesting conditions are met. For retail investors, grants signal company compensation decisions but are not direct buys/sells of stock.