Real REMAX (REAX) CLO Alexandra Lumpkin Exercises RSUs, Sells Shares

What Happened
Alexandra Lumpkin, Chief Legal Officer of Real REMAX Group, had 402 restricted stock units (RSUs) vest on September 13, 2026. Of those, 304 RSUs were settled in shares of common stock (acquired at an exercise/conversion price of $0.00) and 98 RSUs were surrendered/settled in cash to cover tax withholding. The transactions are recorded with $0 exercise price and no open-market sale proceeds—this was a routine vesting and settlement, not a market sale.

Key Details

• Transaction date: 2026-09-13; Form 4 filed: 2026-09-15 (timely within the usual two-business-day window).
• Reported entries: 304 shares acquired via exercise/conversion (M) at $0.00; 304 shares also listed as a derivative disposition (M) at $0.00; 98 shares disposed to the issuer for tax withholding (D) at $0.00.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F3: Confirms 402 RSUs vested on Sept 13, 2026; 304 settled in stock and 98 cashed for tax withholding in an exempt transaction under Rule 16b-3(b).
  • The filing also lists multiple RSU/PSU vesting schedules (F2, F4–F9) indicating additional future vesting for the insider.
• Filing timeliness: Filed 2 days after the transaction date—appears timely.

Context
This was a routine equity-award vesting and net settlement for tax withholding (a common cashless-like settlement), not an open-market purchase or sale that signals buying or selling sentiment. Because the exercise price was $0 and some RSUs were surrendered to cover taxes, no cash purchase was required and no market proceeds were reported. Rule 16b-3(b) treatment means the withholding transaction is exempt from recovery as a short-swing profit.