Real REMAX director reports 17,004-share stake
Real REMAX Group Inc. (REAX) reported the initial equity holdings of director Sandler Susanne Greenfield.
Rhea-AI Filing Summary
Real REMAX Group Inc. (REAX) reported the initial equity holdings of director Sandler Susanne Greenfield. She beneficially owns a total of 17,004 shares of common stock, including 9,232 actual shares and 7,772 shares underlying restricted share units, which will be received upon vesting.
The disclosure follows the completion of a merger in which the company acquired all issued and outstanding shares of The Real Brokerage Inc. and RE/MAX Holdings, Inc. Each Real common share was consolidated on a 10-for-1 basis and converted into one Real REMAX Group share, while each RE/MAX share was converted into either $13.80 in cash or 0.5150 Real REMAX Group common shares, subject to proration.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sandler Susanne Greenfield
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.001 per share F1, F2, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 17,004 shares (Direct)
Footnotes (3)
- 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) 9,232 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, 7,772 shares of common stock of the Issuer.
Key Figures
Total shares beneficially owned: 17,004 shares
Direct common shares: 9,232 shares
Restricted share units: 7,772 RSUs
+3 more
6 metrics
Total shares beneficially owned
17,004 shares
Common stock of Real REMAX Group Inc. held directly by Sandler Susanne Greenfield after the reported event
Direct common shares
9,232 shares
Portion of Real REMAX Group Inc. common stock held as actual shares by Sandler Susanne Greenfield
Restricted share units
7,772 RSUs
Restricted share units that upon vesting entitle Sandler Susanne Greenfield to receive the same number of REAX common shares
Share Consolidation ratio
10-for-1
Each common share of The Real Brokerage Inc. consolidated into one-tenth and then converted into one share of REAX
Cash consideration per RE/MAX share
$13.80 per share
Optional cash consideration for each RE/MAX Holdings, Inc. common share in the merger
Stock consideration per RE/MAX share
0.5150 shares
Alternative stock consideration of REAX common shares for each RE/MAX share, subject to proration
Key Terms
Arrangement Agreement and Plan of Merger, Share Consolidation, restricted share unit, proration provisions
4 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.
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 does the Form 3 for REAX disclose about Sandler Susanne Greenfield?
It discloses that director Sandler Susanne Greenfield beneficially owns 17,004 shares of Real REMAX Group Inc. common stock, consisting of 9,232 shares and restricted share units representing 7,772 additional shares, all held directly.
What total ownership is reported for Sandler Susanne Greenfield after the REAX merger?
After the merger, her reported beneficial ownership totals 17,004 shares of Real REMAX Group Inc. common stock, combining current share holdings and time-vested restricted share units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
