David L. Liniger reports 5.6M Real REMAX shares

A more-than-10% owner of Real REMAX Group Inc. reports over 5.5 million REAX shares held indirectly through a trust on an initial Form 3.

Available on EDGAR 09/16/2026 - 05:48 PM EDT Accepted by SEC EDGAR 09/16/2026 - 05:47 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Real REMAX Group Inc. (REAX) reported the initial beneficial ownership of common stock by David L. Liniger on a Form 3. Liniger, identified as a more-than-ten-percent owner, reports 5,592,781 shares of common stock held indirectly through the Amended and Restated ADAOS Trust. The filing lists this as a holding, not a new transaction.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Liniger David L.

Role 10% Owner

Type	Security	Shares	Price	Value
Holding	Common Stock	--	--	--

Holdings: Common Stock — 5,592,781 shares (Indirect, By Amended and Restated ADAOS Trust)

Key Figures

Indirectly held common shares: 5,592,781 shares Ownership status: More-than-ten-percent owner Reported transactions in Form 3: 0 buy/sell transactions

3 metrics

Indirectly held common shares 5,592,781 shares Beneficially owned indirectly by David L. Liniger through Amended and Restated ADAOS Trust as of August 24, 2026

Ownership status More-than-ten-percent owner Reported role for David L. Liniger relative to Real REMAX Group Inc.

Reported transactions in Form 3 0 buy/sell transactions Filing lists only a holding entry with no acquired or disposed shares

Key Terms

Form 3, ten percent owner, indirect, Power of Attorney

4 terms

Form 3 regulatory

"reported the initial beneficial ownership of common stock by David L. Liniger on a Form 3"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

ten percent owner regulatory

"Liniger, identified as a more-than-ten-percent owner, reports 5,592,781 shares"

indirect financial

"reports 5,592,781 shares of common stock held indirectly through the Amended and Restated ADAOS Trust"

Power of Attorney regulatory

"EXHIBIT LIST - Exhibit 24 - Power of Attorney for David L. Liniger"

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 disclose about David L. Liniger?

It shows that David L. Liniger is a more-than-ten-percent owner of Real REMAX Group Inc. (REAX) and reports his initial beneficial ownership of the company’s common stock, held indirectly through a trust.

How many REAX shares does David L. Liniger report owning on this Form 3?

The Form 3 reports that David L. Liniger has an indirect beneficial ownership of 5,592,781 shares of REAX common stock, as of August 24, 2026.

Is David L. Liniger’s ownership in REAX direct or indirect?

His reported ownership is indirect. The 5,592,781 shares of REAX common stock are held "By Amended and Restated ADAOS Trust," as stated in the filing.

Does this REAX Form 3 report any new stock transactions by David L. Liniger?

No. The entry is characterized as a holding, with no transaction code and no acquired or disposed shares reported. It establishes Liniger’s existing beneficial ownership position.

Is there any Rule 10b5-1 trading plan noted in this REAX Form 3?

No Rule 10b5-1 trading plan is reported. The document-level indicator for a Rule 10b5-1 plan is null, and there are no footnotes describing any trading plan.

Through what entity are David L. Liniger’s REAX shares held?

The filing states that the 5,592,781 REAX common shares are held indirectly "By Amended and Restated ADAOS Trust," indicating trust ownership rather than direct personal registration.

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

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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^*

Liniger David L.

(Last) (First) (Middle)

5075 S. SYRACUSE STREET

(Street)

DENVER COLORADO 80237

(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)

	Director	X	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)
Common Stock	5,592,781	I	By Amended and Restated ADAOS Trust

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:

EXHIBIT LIST - Exhibit 24 - Power of Attorney for David L. Liniger

	/s/ David L. Liniger	09/15/2026
	** 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)