Anywhere Real Estate (NYSE: HOUS) director stock converted in Compass, Inc. merger
Rhea-AI Filing Summary
Anywhere Real Estate Inc. director Michael J. Williams reported the disposition of 315,788 shares of Anywhere common stock on January 9, 2026. This was not an open-market sale but the result of the closing of a previously announced merger in which Velocity Merger Sub, Inc., a wholly owned subsidiary of Compass, Inc., merged with and into Anywhere, leaving Anywhere as a wholly owned subsidiary of Compass.
Under the Merger Agreement, each share of Anywhere common stock outstanding immediately before the effective time was converted into the right to receive 1.436 shares of Compass Class A common stock, plus cash for any fractional shares. Outstanding RSU awards tied to Anywhere stock were canceled and replaced with RSU awards tied to Compass shares using the same 1.436 exchange ratio. Following this conversion, Williams reported owning 0 shares of Anywhere common stock.
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Insights
Director’s HOUS shares were converted into Compass stock via merger.
The filing shows Michael J. Williams, a director of Anywhere Real Estate Inc., disposing of 315,788 shares of Anywhere common stock on January 9, 2026. The transaction code “D” and price of 0.0000 per share indicate this was a structural change, not an ordinary sale, tied to the completion of the merger with Compass, Inc..
Per the Merger Agreement, each Anywhere share outstanding immediately before the effective time converted into the right to receive 1.436% (1.436) shares of Compass Class A common stock and, if needed, cash for fractional shares. RSU awards were similarly converted into RSUs over Compass stock using the same ratio. After this, Williams reported owning 0 Anywhere shares, consistent with Anywhere becoming a wholly owned Compass subsidiary. Subsequent company disclosures may further detail post-merger ownership and governance within Compass.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock, $0.01 par value | 315,788 | $0.00 | -- |
Footnotes (1)
- On January 9, 2026, pursuant to the previously announced Agreement and Plan of Merger, dated as of September 22, 2025 (the Merger Agreement), by and among Anywhere Real Estate Inc. (the Company), Compass, Inc. (Compass), and Velocity Merger Sub, Inc., a wholly owned subsidiary of Compass (Merger Sub), Merger Sub merged with and into the Company (the Merger), with the Company surviving the Merger as a wholly owned subsidiary of Compass. Pursuant to the Merger Agreement, each share of Company common stock, par value $0.01 per share issued and outstanding immediately prior to the effective time of the Merger (the Effective Time), was converted into the right to receive 1.436 fully paid and nonassessable shares (the Exchange Ratio) of class A common stock of Compass (the Compass Shares) and, if applicable, cash in lieu of fractional shares. Pursuant to the Merger Agreement, at the Effective Time, each outstanding RSU award was canceled and converted into a RSU award in respect of Compass Shares covering that number of Compass Shares equal to the product of (i) the number of shares of Company common stock subject to the award multiplied by (ii) the Exchange Ratio.
FAQ
What did the Anywhere Real Estate Inc. (HOUS) Form 4 report for Michael J. Williams?
The Form 4 reports that director Michael J. Williams disposed of 315,788 shares of Anywhere Real Estate Inc. common stock on January 9, 2026, leaving him with 0 shares of Anywhere common stock after the transaction.
What happened to Anywhere Real Estate Inc. RSU awards in the merger with Compass?
At the effective time of the merger, each outstanding RSU award tied to Anywhere common stock was canceled and converted into an RSU award for Compass Class A common stock, covering a number of Compass shares equal to the original share amount multiplied by the 1.436 exchange ratio.
What was the relationship between Anywhere Real Estate Inc. and Compass, Inc. after the merger?
Upon completion of the merger on January 9, 2026, Velocity Merger Sub, Inc., a wholly owned subsidiary of Compass, Inc., merged with and into Anywhere Real Estate Inc., and Anywhere survived as a wholly owned subsidiary of Compass.