Real REMAX CTO reports 232,577-share stake
Rhea-AI Filing Summary
Real REMAX Group Inc. (REAX) reports the initial beneficial ownership of Chief Technology Officer Damani Pritesh following the August 24, 2026 merger in which the company acquired The Real Brokerage Inc. and RE/MAX Holdings, Inc. Pritesh directly holds equity-based interests equivalent to 232,577 shares of common stock and several option grants exchanged into options over Real REMAX Group common stock under the merger terms.
His direct equity includes 74,371 common shares and restricted share units representing a right to receive 158,206 additional shares, subject to vesting. He also holds fully vested options over 51,072 shares at an exercise price of $8.74 expiring January 8, 2031, and multiple option grants at an exercise price of $12.50 per share expiring March 23, 2033, with vesting in scheduled tranches beginning in 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Damani Pritesh
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options F4, F1, F7 | -- | -- | -- |
| holding | Stock Options F4, F1, F7 | -- | -- | -- |
| holding | Stock Options F5, F1, F7 | -- | -- | -- |
| holding | Stock Options F6, F1, F7 | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share F1, F2, F3 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 250,322 contracts (Direct);
Common Stock, par value $0.001 per share — 232,577 shares (Direct)
Footnotes (7)
- F1. Pursuant to the Arrangement Agreement and Plan of Merger, dated as of April 26, 2026 (as amended, the "Merger Agreement"), by and among the Issuer, The Real Brokerage Inc. ("Real"), RE/MAX Holdings, Inc. ("REMAX") and certain subsidiaries of the Issuer, on August 24, 2026, the Issuer acquired all of the issued and outstanding shares of Real and REMAX. Pursuant to the Merger Agreement, each issued and outstanding common shares of Real (each, a "Real Common Share") was consolidated on a 10-for-1 basis (the "Share Consolidation") and converted into the right to receive one share of common stock of the Issuer, and each issued and outstanding share of common stock of REMAX was converted into the right to receive either (i) $13.80 in cash or (ii) 0.5150 shares of common stock, par value $0.001 of the Issuer (after giving effect to the Share Consolidation), subject in each case to the proration provisions of the Merger Agreement.
- F2. Pursuant to the Merger Agreement, each restricted share unit of Real ("Real RSU") was exchanged for a restricted share unit of the Issuer entitling the holder to receive the same number of shares of common stock of the Issuer (or cash equivalent) as the number of Real Common Shares (or cash equivalent) the holder was entitled to receive following the Share Consolidation (rounded down to the nearest whole share).
- F3. Includes (i) 74,371 shares of common stock of the Issuer and (ii) restricted share units of the Issuer which, subject to vesting, represents the right to receive, at settlement, 158,206 shares of common stock of the Issuer.
- F4. Fully vested.
- F5. The options vest in five alternating installments of 62,500 and 17,500 shares in March and June tranches beginning June 23, 2026.
- F6. The options vest in eight alternating installments of 62,500, 62,500, and 45,000 shares in September, December, and June tranches beginning September 23, 2026.
- F7. Pursuant to the terms of the Merger Agreement, each option to purchase Real Common Shares was exchanged for the option to acquire the same number of shares of common stock of the Issuer as the number of Real Common Shares the holder was entitled to acquire following the Share Consolidation (rounded down to the nearest whole share), with an exercise price per share equal to the exercise price per Real Common Share immediately following the Share Consolidation.
Key Figures
Total equity-based interests: 232,577 shares
Common shares directly held: 74,371 shares
Restricted share units: 158,206 shares
+5 more
8 metrics
Total equity-based interests
232,577 shares
Common stock and RSU-equivalent shares directly held by Damani Pritesh after the merger
Common shares directly held
74,371 shares
Directly owned common stock of Real REMAX Group Inc.
Restricted share units
158,206 shares
RSUs representing the right to receive common stock of Real REMAX Group Inc., subject to vesting
Option exercise price (fully vested grant)
$8.74 per share
Stock options over 51,072 underlying shares expiring January 8, 2031
Underlying shares for fully vested options
51,072 shares
Common stock underlying fully vested stock options held by Damani Pritesh
Option exercise price (additional grants)
$12.50 per share
Multiple option grants expiring March 23, 2033 with scheduled vesting tranches
Share consolidation ratio
10-for-1
Real common shares consolidated before conversion into Real REMAX Group Inc. common stock under the Merger Agreement
Cash consideration alternative for REMAX shareholders
$13.80 per share
Per-share cash amount REMAX common stockholders could elect under the Merger Agreement
Key Terms
Arrangement Agreement and Plan of Merger, Share Consolidation, restricted share unit, Merger Agreement, +1 more
5 terms
Arrangement Agreement and Plan of Merger regulatory
"Pursuant to the Arrangement Agreement and Plan of Merger, dated as of April 26, 2026"
A formal contract that sets out the detailed terms and steps for combining two companies — typically including how shares or cash will be exchanged, the timetable, and any conditions or approvals required. Think of it as both the blueprint and the rulebook for a marriage between businesses: it tells shareholders what they will receive, what must happen first, and what can stop the deal. Investors watch it closely because its terms determine changes in ownership, potential dilution or cash value, the likelihood the deal closes, and any financial risks or breakup costs.
Merger Agreement regulatory
"Pursuant to the Merger Agreement, each option to purchase Real Common Shares was exchanged"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
proration provisions financial
"subject in each case to the proration provisions of the Merger Agreement"
Proration provisions are rules that divide a limited quantity—such as new shares in a rights offering, dividend payments, or asset distributions—among claimants in proportion to their existing holdings or claims. They determine how much each investor actually receives when demand exceeds supply, like slicing a pie so everyone gets a share based on their size of the pie slice. This affects expected ownership, dilution and the practical outcome of corporate actions.
FAQ
What stock options in REAX common stock does Damani Pritesh hold?
Pritesh holds fully vested options over 51,072 shares at an exercise price of $8.74 expiring January 8, 2031, plus additional option grants at an exercise price of $12.50 per share expiring March 23, 2033, each over specified numbers of shares with scheduled vesting.
How were Damani Pritesh’s REAX awards affected by the Real and REMAX merger?
Under the Merger Agreement, his Real options and restricted share units were exchanged into awards over Real REMAX Group Inc. common stock. Real common shares were consolidated on a 10-for-1 basis and then converted into rights to receive REAX common stock on that post-consolidation basis.
Do any of Damani Pritesh’s REAX options vest over time?
Yes. One option grant at $12.50 per share vests in five alternating installments of 62,500 and 17,500 shares in March and June tranches beginning June 23, 2026. Another $12.50 grant vests in eight alternating installments involving 62,500 and 45,000 share tranches starting September 23, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
