Real REMAX president reports 105,620 REAX shares
Real REMAX Group Inc. (REAX) reports the initial holdings of President Jenna Rozenblat following the creation of the combined company.
Rhea-AI Filing Summary
Real REMAX Group Inc. (REAX) reports the initial holdings of President Jenna Rozenblat following the creation of the combined company. She holds 105,620 shares of common stock on a direct basis, consisting of 17,308 shares plus restricted share units (RSUs) that, subject to vesting, represent 88,312 additional shares at settlement.
These positions arise from a merger in which Real REMAX Group Inc. acquired all issued and outstanding shares of The Real Brokerage Inc. and RE/MAX Holdings, Inc. Real common shares were first subjected to a 10-for-1 Share Consolidation and then converted into the right to receive one share of REAX common stock, while each RE/MAX share was converted into either $13.80 in cash or 0.5150 REAX shares, in each case subject to proration.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rozenblat Jenna
Role
President
| 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 — 105,620 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) 17,308 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, 88,312 shares of common stock of the Issuer.
Key Figures
Total REAX shares held by President: 105,620 shares
REAX common shares currently held: 17,308 shares
RSUs representing future REAX shares: 88,312 shares
+3 more
6 metrics
Total REAX shares held by President
105,620 shares
Direct ownership of Jenna Rozenblat following the merger
REAX common shares currently held
17,308 shares
Portion of Rozenblat’s reported holdings in actual issued shares
RSUs representing future REAX shares
88,312 shares
RSUs that, subject to vesting, may settle in REAX common stock
Share Consolidation ratio for Real common shares
10-for-1
Each 10 Real common shares consolidated into 1 before conversion into REAX stock
Cash consideration per RE/MAX share
$13.80 per share
Alternative cash consideration for each RE/MAX Holdings, Inc. share
Stock consideration per RE/MAX share
0.5150 REAX shares per share
Alternative stock consideration for each RE/MAX Holdings, Inc. share
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 insider ownership does REAX President Jenna Rozenblat report on this Form 3?
Jenna Rozenblat reports 105,620 shares of Real REMAX Group Inc. (REAX) common stock held directly. This includes 17,308 shares plus RSUs that, subject to vesting, represent the right to receive 88,312 additional shares at settlement.
Were Real REMAX Group Inc. RSUs issued in exchange for prior Real RSUs?
Yes. Each restricted share unit of The Real Brokerage Inc. was exchanged for a restricted share unit of REAX entitling the holder to receive the same number of REAX shares (or cash equivalent) as the Real common shares (or cash equivalent) they were entitled to after the Share Consolidation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
