Real REMAX (REAX) CFO Jani Ravi Receives Award

What Happened
Jani Ravi, Chief Financial Officer of Real REMAX Group Inc. (REAX), was granted a total of 27,502 derivative units on September 9, 2026. The units were awarded at $0.00 (no cash exchanged) and consist of restricted stock units (RSUs) and performance stock units (PSUs), which are contingent rights to receive common stock if vesting and/or performance conditions are met. This is a non-sale, non-purchase equity award intended for future compensation/retention.

Key Details

• Transaction date: 2026-09-09; Form 4 filed 2026-09-11 (timely filing).
• Award size and price: 27,502 units granted @ $0.00 (derivative award; no immediate value realized).
• Derivative types: mix of RSUs (time-based) and PSUs (performance-based).
• Shares owned after transaction: Not disclosed in the provided filing.
• No 10b5-1 plan, tax-withholding sale, or other sale/transfer noted in the provided data.
• Vesting/earnout highlights (from filing footnotes):
  • RSU schedules: multiple tranches vesting quarterly or on specific future dates (examples below).
    • 1,616 shares vest quarterly from Nov 13, 2026 through Nov 13, 2027.
    • 685 shares vest quarterly from Sep 1, 2026 through Sep 1, 2028; 684 quarterly from Dec 1, 2028 through Mar 1, 2029; 683 vest on Jun 1, 2029.
    • 5,130 shares vest Mar 9, 2027; additional quarterly tranches thereafter through Mar 9, 2030 (see filing).
  • PSU schedules: earned based on company performance during the performance period; once earned:
    • One PSU tranche vests 25% on Mar 15, 2027, then in equal quarterly installments over the following four quarters.
    • Another PSU tranche vests 50% on Mar 15, 2028, then in equal quarterly installments over the next six quarters.

Context
RSUs are time-based awards that convert to shares if the executive remains employed through vesting dates. PSUs require the company to meet specified performance targets before they are earned; if performance targets are not met, those units may be forfeited. Because this was an equity award (no cash paid), it is a retention/compensation action rather than a market-directional purchase or sale.