Real REMAX (REAX) CLO Alexandra Lumpkin Receives 593 Shares

What Happened
Alexandra Lumpkin, Chief Legal Officer of Real REMAX Group Inc. (REAX), had 784 restricted stock units (RSUs) vest on September 10, 2026. Of those, 593 RSUs were converted to 593 shares of Common Stock that were issued to her, and 191 RSUs were settled in cash (i.e., shares withheld/paid to the issuer) to cover tax withholding. The Form 4 shows $0.00 as the per-share transaction price because these were RSU settlements (not an open-market buy or sale) and the cash settlement for withholding was an exempt transaction under Rule 16b-3(b).

Key Details

• Transaction date (reporting period): September 10, 2026; Form 4 filed September 14, 2026 (timely filing).
• Transactions reported: conversion/exercise of derivative (M) — 593 shares issued to insider; disposition to issuer (D) — 191 shares withheld/settled in cash for taxes. Reported prices: $0.00 (typical for RSU settlements).
• Total RSUs vested on that date: 784 (per footnote F4).
• Footnotes of note: F1—RSUs = one contingent right per share; F4—784 RSUs vested, 593 settled in shares and 191 settled in cash for tax withholding under Rule 16b-3(b); other footnotes detail varying future RSU/PSU vesting schedules.
• Shares owned after the transaction: not specified in the provided excerpt — check the full Form 4 for total beneficial ownership.

Context

• This was a standard equity award settlement (vesting of RSUs), not an open-market purchase or sale. The 191-share cash settlement is a common tax-withholding method (disposition to issuer) and is considered routine, exempt under Rule 16b-3(b).
• For retail investors, such award settlements typically reflect compensation practices rather than a direct buying or selling signal by the insider.