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reAlpha Tech (NASDAQ: AIRE) CFO receives 72,218 shares as deferred Prevu merger consideration

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

reAlpha Tech Corp.’s Chief Financial Officer, Thomas J. Kutzman Jr., received 72,218 shares of common stock as part of deferred merger consideration for the company’s acquisition of Prevu, Inc. The shares were valued at $0.3029 each, based on the 10‑day volume‑weighted average price as of March 16, 2026, totaling approximately $21,874.83. Following this issuance, he directly holds 1,183,087 shares of common stock, including 1,000,400 shares underlying restricted stock units granted on November 21, 2025 under the company’s 2022 Equity Incentive Plan.

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Insider Kutzman Thomas J Jr
Role Chief Financial Officer
Type Security Shares Price Value
Other Common Stock 72,218 $0.00 --
Holdings After Transaction: Common Stock — 1,183,087 shares (Direct, null)
Footnotes (1)
  1. Represents shares of common stock of the Issuer that were issued to the reporting person in satisfaction of the first installment of the deferred merger consideration payable in connection with the Issuer's acquisition of Prevu, Inc., under that certain Agreement and Plan of Merger, dated November 21, 2025 (the "Merger Agreement"). These shares of common stock represent the portion of the deferred merger consideration payable to the reporting person under the terms and provisions of the Merger Agreement. In accordance with the terms of the Merger Agreement, a price per share of $0.3029 was calculated based on the 10-day volume-weighted average price of the Issuer's shares of common stock, as reported on the Nasdaq, as of March 16, 2026, which represents a total deferred merger consideration payment of approximately $21,874.83 to the reporting person. Includes 1,000,400 shares of common stock underlying restricted stock units granted on November 21, 2025, under the Issuer's 2022 Equity Incentive Plan, as amended (the "2022 Plan"), each of which represent a contingent right to receive one share of common stock of the Issuer, subject to the terms and conditions of the 2022 Plan and the applicable award agreement.
Shares issued to CFO 72,218 shares Deferred merger consideration installment for Prevu, Inc. as of March 16, 2026
Per-share valuation $0.3029 per share 10-day volume-weighted average price on Nasdaq as of March 16, 2026
Deferred merger payment $21,874.83 Total approximate value of this installment to the CFO
CFO holdings after transaction 1,183,087 shares Total direct common stock holdings following issuance
RSU underlying shares 1,000,400 shares Underlying restricted stock units granted November 21, 2025 under 2022 Plan
Merger Agreement date November 21, 2025 Agreement and Plan of Merger for acquisition of Prevu, Inc.
Pricing date for VWAP March 16, 2026 Date used to compute 10-day VWAP for share valuation
deferred merger consideration financial
"issued to the reporting person in satisfaction of the first installment of the deferred merger consideration payable"
volume-weighted average price financial
"a price per share of $0.3029 was calculated based on the 10-day volume-weighted average price of the Issuer's shares"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
restricted stock units financial
"Includes 1,000,400 shares of common stock underlying restricted stock units granted on November 21, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"under the Issuer's 2022 Equity Incentive Plan, as amended (the "2022 Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
contingent right financial
"each of which represent a contingent right to receive one share of common stock"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kutzman Thomas J Jr

(Last)(First)(Middle)
6515 LONGSHORE LOOP
SUITE 100

(Street)
DUBLIN OHIO 43017

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
reAlpha Tech Corp. [ AIRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/16/2026J72,218(1)A(1)1,183,087(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock of the Issuer that were issued to the reporting person in satisfaction of the first installment of the deferred merger consideration payable in connection with the Issuer's acquisition of Prevu, Inc., under that certain Agreement and Plan of Merger, dated November 21, 2025 (the "Merger Agreement"). These shares of common stock represent the portion of the deferred merger consideration payable to the reporting person under the terms and provisions of the Merger Agreement. In accordance with the terms of the Merger Agreement, a price per share of $0.3029 was calculated based on the 10-day volume-weighted average price of the Issuer's shares of common stock, as reported on the Nasdaq, as of March 16, 2026, which represents a total deferred merger consideration payment of approximately $21,874.83 to the reporting person.
2. Includes 1,000,400 shares of common stock underlying restricted stock units granted on November 21, 2025, under the Issuer's 2022 Equity Incentive Plan, as amended (the "2022 Plan"), each of which represent a contingent right to receive one share of common stock of the Issuer, subject to the terms and conditions of the 2022 Plan and the applicable award agreement.
/s/ Thomas J. Kutzman Jr.04/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did reAlpha Tech Corp. (AIRE) report for its CFO?

reAlpha Tech’s CFO, Thomas J. Kutzman Jr., received 72,218 common shares as deferred merger consideration for the acquisition of Prevu, Inc. These shares were issued directly to him and represent part of the merger payment owed under the November 21, 2025 Merger Agreement.

What was the value of the shares issued to the AIRE CFO in this Form 4?

The 72,218 shares issued to the CFO were valued using a per‑share price of $0.3029, based on the 10‑day volume‑weighted average price as of March 16, 2026. This equals a total deferred merger consideration payment of about $21,874.83 to the reporting person.

Why did reAlpha Tech Corp. issue 72,218 shares to its CFO?

The 72,218 common shares were issued as the first installment of deferred merger consideration related to reAlpha Tech’s acquisition of Prevu, Inc. Under the November 21, 2025 Merger Agreement, this portion of the deferred consideration was payable directly to the CFO as part of the deal structure.

How many reAlpha Tech (AIRE) shares does the CFO hold after this transaction?

After the transaction, the CFO directly holds 1,183,087 shares of reAlpha Tech common stock. This figure includes 1,000,400 shares underlying restricted stock units granted on November 21, 2025 under the 2022 Equity Incentive Plan, each RSU representing a right to one common share.

How was the per‑share price determined for the AIRE deferred merger consideration?

The per‑share price of $0.3029 was calculated using the 10‑day volume‑weighted average price of reAlpha Tech’s common stock on Nasdaq as of March 16, 2026. This VWAP‑based method set the number of shares needed to satisfy the deferred merger consideration installment.

What role do restricted stock units play in the AIRE CFO’s holdings?

The CFO’s reported 1,183,087 shares include 1,000,400 shares underlying restricted stock units granted under the 2022 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, subject to plan terms and the applicable award agreement conditions.