Real REMAX director reports pre-merger stake

Real REMAX Group Inc. (REAX) filed an initial insider ownership report for director Raffaeli C. Cathleen.

Rhea-AI Filing Summary

Real REMAX Group Inc. (REAX) filed an initial insider ownership report for director Raffaeli C. Cathleen. The filing states that, under an Arrangement Agreement and Plan of Merger dated April 26, 2026, Real REMAX Group Inc. acquired all outstanding shares of The Real Brokerage Inc. and RE/MAX Holdings, Inc. This Form 3 reflects Raffaeli’s beneficial ownership position immediately before the merger closed and does not include any REAX securities acquired in the transaction. A subsequent Form 4 is expected to report the REAX securities acquired upon consummation of the merger.

Key Terms

Arrangement Agreement and Plan of Merger, beneficial ownership, consummation of the Transaction, Power of Attorney

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.

beneficial ownership financial

"This report reflects the beneficial ownership of the reporting person immediately prior"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

consummation of the Transaction regulatory

"immediately prior to the consummation of the Transaction and does not include"

Power of Attorney regulatory

"See attached Exhibit 24 - Power of Attorney."

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filed for REAX by Raffaeli C. Cathleen represent?

It reports beneficial ownership immediately before Real REMAX Group Inc.’s merger transaction closed. It excludes any REAX securities Raffaeli acquired when the merger was consummated, which are expected to be disclosed in a later Form 4.

How is REAX involved with The Real Brokerage Inc. and RE/MAX Holdings, Inc.?

Real REMAX Group Inc. entered into an Arrangement Agreement and Plan of Merger under which it acquired all outstanding shares of The Real Brokerage Inc. and RE/MAX Holdings, Inc. through a defined transaction involving certain REAX subsidiaries.

Does this REAX Form 3 include securities acquired in the merger transaction?

No. The Form 3 explicitly states it does not include REAX securities that Raffaeli C. Cathleen acquired upon consummation of the merger. Those securities are expected to be reported separately on a Form 4.

What future filing related to REAX and Raffaeli C. Cathleen is expected?

The report states that Raffaeli C. Cathleen will file a Form 4 to report the acquisition of Real REMAX Group Inc. securities received in connection with the consummation of the merger transaction.

What additional document is referenced in this REAX Form 3?

The filing references an Exhibit 24 - Power of Attorney, indicating that a power of attorney document is attached, authorizing actions related to SEC reporting on behalf of the reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/02/2026 - 09:12 AM EDT Accepted by SEC EDGAR 08/24/2026 - 06:21 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

RAFFAELI C CATHLEEN

(Last) (First) (Middle)

C/O REAL REMAX GROUP INC.

701 BRICKELL AVE., 17TH FLOOR

(Street)

MIAMI FLORIDA 33131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
08/24/2026

3. Issuer Name and Ticker or Trading Symbol
Real REMAX Group Inc. [ REAX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Pursuant to the Arrangement Agreement and Plan of Merger, dated as of April 26, 2026, as amended, by and among the Issuer, The Real Brokerage Inc. ("Real"), RE/MAX Holdings, Inc. ("REMAX"), and certain subsidiaries of the Issuer, the Issuer acquired all of the outstanding shares of Real and REMAX (the "Transaction"). This report reflects the beneficial ownership of the reporting person immediately prior to the consummation of the Transaction and does not include the securities of the Issuer acquired by the reporting person upon the consummation of the Transaction. The reporting person will file a Form 4 reporting the acquisition of the Issuer securities in connection with the consummation of the Transaction. See attached Exhibit 24 - Power of Attorney.

No securities are beneficially owned.

	/s/ Alexandra Lumpkin, as attorney-in-fact	08/24/2026
	** Signature of Reporting Person	Date
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 5 (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 3: SEC 1473 (03-26)