Pritesh Damani, Chief Technology Officer of Real REMAX Group Inc. (NASDAQ:REAX), filed a Form 4 on September 15, 2026, disclosing transactions dated September 13, 2026, related to the vesting of restricted stock units.

Key Highlights

  • RSU vesting: 2,119 restricted stock units vested on September 13, 2026, of which 1,285 were settled in shares of Common Stock and 834 were settled in cash for tax withholding.
  • Transaction price: Both the share settlement (transaction code M) and the cash settlement (transaction code D) were reported at a price of $0.
  • Resulting share ownership: Following the reported transactions, Damani directly beneficially owns 76,540 shares of Common Stock.
  • Stock options held: Damani holds 51,072 stock options with an exercise price of $8.74, expiring 01/08/2031, reported as fully vested; and 134,000 stock options with an exercise price of $12.50, expiring 03/23/2033, of which 65,250 have vested.
  • Remaining RSU and PSU holdings: Damani holds multiple tranches of RSUs totaling 138,587 units and PSUs totaling 73,345 units, all subject to future vesting schedules.
  • Cash settlement exempt: According to the filing, the 834 RSUs settled in cash for tax withholding represent "an exempt transaction pursuant to Rule 16-3(b)."

Damani's RSU Vesting Details and Remaining Derivative Holdings at Real REMAX Group

According to the Form 4 filing, Pritesh Damani, serving as Chief Technology Officer of Real REMAX Group Inc., reported a vesting event on September 13, 2026. Of the 2,119 RSUs that vested, 1,285 were converted into shares of Common Stock and added to his direct holdings, while 834 RSUs were settled in cash to cover tax withholding obligations, in a transaction the filing characterizes as exempt under Rule 16-3(b). Both transactions were recorded at a price of $0.

Following these transactions, Damani's direct beneficial ownership of Common Stock stood at 76,540 shares, the filing disclosed. On the derivative side, his remaining RSU holdings span five tranches with varying vesting schedules extending as far as March 2030. His two stock option grants carry exercise prices of $8.74 and $12.50 per share respectively, with the earlier grant fully vested and the later grant partially vested, according to the filing's explanatory footnotes.

The filing also reports two tranches of performance stock units totaling 73,345 units. According to the filing, these PSUs "will be earned based upon the Issuer's performance during the performance period," with vesting schedules that begin as early as March 15, 2027. The Form 4 was signed by Alexandra Lumpkin as Attorney-in-Fact on September 15, 2026.

What Was Disclosed

The filing reported the September 13, 2026, vesting of 2,119 RSUs held by Real REMAX Group's Chief Technology Officer, with 1,285 settled in shares and 834 settled in cash for taxes, leaving Damani with 76,540 shares of Common Stock directly owned.