Real REMAX (REAX) CFO Jani Ravi Exercises RSUs, Sells for Taxes

What Happened

• Jani Ravi, Chief Financial Officer of Real REMAX Group Inc. (REAX), reported the vesting and settlement of 685 restricted stock units (RSUs) on September 1, 2026. Of those, 437 RSUs were converted into 437 shares of common stock (reported as an exercise/conversion of a derivative, code M) and 248 RSUs were settled for cash to cover tax withholding (reported as a disposition to the issuer, code D). All transactions show a $0.00 per-share price because shares were issued upon vesting rather than purchased.

Key Details

• Transaction date: September 1, 2026; Form filed Sept 3, 2026 (appears timely, two days after the transaction).
• Reported entries: 437 shares acquired via conversion of RSUs (code M); 437 shares also listed as disposed (derivative) and 248 shares disposed to issuer for tax withholding (code D).
• Price: $0.00 per share (vesting/settlement event, not an open-market trade).
• Shares owned after the transaction: not specified in this filing.
• Notable footnotes: F4 explains 685 RSUs vested on Sept 1, 2026 — 437 settled in shares and 248 settled in cash for tax withholding pursuant to Rule 16b-3(b). Additional footnotes (F3–F8) detail future RSU/PSU vesting schedules and that each RSU/PSU represents a contingent right to one share.

Context

• This was a compensation vesting event (RSUs becoming payable), not an open-market buy or sell driven by trading decisions. The 248 RSUs settled for cash reflect standard tax withholding treatment rather than a market sale; the conversion of RSUs into shares is reported as a derivative exercise. Such filings are routine for equity compensation and do not by themselves indicate insider sentiment about the company.