Devanur Giri (AIRE) granted 13,323 RSUs and reports over 1.15M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Devanur Giri reported acquisition or exercise transactions in this Form 4 filing.
reAlpha Tech Corp. Executive Chairman Devanur Giri reported an equity award and updated holdings. He received 13,323 restricted stock units on April 30, 2026 as compensation for services during the quarter ended March 31, 2026, with each RSU representing one share of common stock.
The RSUs vest over two years: 50% after 12 months from grant and the remaining 50% in four equal quarterly installments over the following 12 months, subject to continued service and plan conditions. After this grant, he directly holds 1,051,115 common shares and indirectly holds 108,000 shares through Giri Devanur Holdings LLC, over which he has sole voting and investment power. All share amounts reflect a 1-for-25 reverse stock split effective April 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Devanur Giri
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,323 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,051,115 shares (Direct, null);
Common Stock — 108,000 shares (Indirect, By Giri Devanur Holdings LLC)
Footnotes (1)
- The Issuer effected a 1-for-25 reverse stock split of its issued and outstanding common stock on April 30, 2026 (the "Reverse Stock Split"). All share amounts reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. Represents restricted stock units ("RSUs") granted to the reporting person on April 30, 2026, as compensation for services as an executive officer during the fiscal quarter ended March 31, 2026, under the Issuer's 2022 Equity Incentive Plan, as amended (the "Plan"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. These RSUs will vest as follows: (i) 50% will vest on the date that is 12 months from the date of grant and (ii) the remaining 50% will vest in four equal quarterly installments over the next 12-month period thereafter, subject to the continuous service of the reporting person on such vesting dates and compliance with the terms and conditions of the Plan. The number of RSUs awarded was based on the 10-day volume weighted average closing price of the Issuer's common stock, as reported on The Nasdaq Stock Market LLC, for the period ending on and including April 30, 2026, which, as adjusted for the Reverse Stock Split, was $4.6911. The reporting person is the managing member of Giri Devanur Holdings LLC and holds sole voting and investment power with respect to those shares of common stock.
Key Figures
RSU grant size: 13,323 RSUs
Direct shares after grant: 1,051,115 shares
Indirect holdings: 108,000 shares
+2 more
5 metrics
RSU grant size
13,323 RSUs
Granted on April 30, 2026 as executive compensation
Direct shares after grant
1,051,115 shares
Common stock directly owned following the RSU award
Indirect holdings
108,000 shares
Held through Giri Devanur Holdings LLC with sole voting and investment power
Reverse stock split ratio
1-for-25
Reverse split of issued and outstanding common stock on April 30, 2026
VWAP used for RSU calculation
$4.6911 per share
10-day volume weighted average closing price ending April 30, 2026, split-adjusted
Key Terms
Reverse Stock Split, restricted stock units ("RSUs"), 2022 Equity Incentive Plan, volume weighted average closing price, +1 more
5 terms
Reverse Stock Split financial
"The Issuer effected a 1-for-25 reverse stock split of its issued and outstanding common stock"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the reporting person on April 30, 2026"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Equity Incentive Plan financial
"under the Issuer's 2022 Equity Incentive Plan, as amended (the "Plan")"
volume weighted average closing price financial
"based on the 10-day volume weighted average closing price of the Issuer's common stock"
The volume weighted average closing price is the average of a security’s closing prices over a given period where each day’s closing price is weighted by the number of shares traded that day. It gives more influence to prices on days with heavier trading, so it reflects where most market activity actually occurred rather than treating every day equally. Investors use it as a more realistic benchmark for value, performance tracking, and to compare execution quality.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
FAQ
What did Devanur Giri report in this Form 4 for AIRE?
Devanur Giri reported an equity compensation grant and his updated shareholdings in reAlpha Tech Corp. He received 13,323 restricted stock units and now holds over 1.05 million shares directly, plus additional indirect holdings through an affiliated LLC.
How many RSUs did Devanur Giri receive from reAlpha Tech Corp. (AIRE)?
He received 13,323 restricted stock units from reAlpha Tech Corp. on April 30, 2026. Each RSU represents a contingent right to receive one common share, granted as compensation for his executive service during the quarter ended March 31, 2026.
What is the vesting schedule for Devanur Giri’s 13,323 RSUs at AIRE?
Half of the 13,323 RSUs will vest 12 months after the April 30, 2026 grant date. The remaining half will vest in four equal quarterly installments over the following 12 months, conditioned on his continuous service and compliance with the equity plan.
How was the size of Devanur Giri’s RSU award at AIRE determined?
The 13,323 RSUs were based on the 10-day volume weighted average closing price of AIRE’s common stock. That price, adjusted for a 1-for-25 reverse stock split and ending April 30, 2026, was $4.6911 per share under the company’s 2022 Equity Incentive Plan.
What reverse stock split did reAlpha Tech (AIRE) implement on April 30, 2026?
reAlpha Tech implemented a 1-for-25 reverse stock split of its issued and outstanding common stock on April 30, 2026. All share numbers and prices in this Form 4, including the RSU grant and holdings, are adjusted to reflect the reverse split ratio.