Real REMAX CFO reports 65,788-share stake

Real REMAX Group Inc. (REAX) reports the initial ownership position of its Chief Financial Officer, Jani Ravi, following the closing of a merger completed on August 24, 2026.

Rhea-AI Filing Summary

Real REMAX Group Inc. (REAX) reports the initial ownership position of its Chief Financial Officer, Jani Ravi, following the closing of a merger completed on August 24, 2026. Ravi beneficially holds a total of 65,788 shares of REAX common stock, including 15,051 issued shares and 50,737 restricted share units that may settle in shares upon vesting. This position arises from the Arrangement Agreement and Plan of Merger under which the company acquired all shares of The Real Brokerage Inc. and RE/MAX Holdings, Inc., with each Real common share first subjected to a 10-for-1 Share Consolidation and then converted into the right to receive one REAX share, and each RE/MAX share converted into cash of $13.80 or 0.5150 REAX shares, subject to proration.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jani Ravi

Role Chief Financial Officer

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 — 65,788 shares (Direct)

Footnotes (3)

1. 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.
2. 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).
3. F3. Includes (i) 15,051 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, 50,737 shares of common stock of the Issuer.

Key Figures

Total beneficial holdings: 65,788 shares Issued common shares held: 15,051 shares Restricted share units: 50,737 RSUs +5 more

8 metrics

Total beneficial holdings 65,788 shares REAX common stock beneficially owned by CFO Jani Ravi after the merger

Issued common shares held 15,051 shares Portion of Ravi’s REAX position held as outstanding common stock

Restricted share units 50,737 RSUs RSUs that, subject to vesting, may settle in REAX common stock for Ravi

Share Consolidation ratio 10-for-1 Each Real common share consolidated 10-for-1 before conversion into REAX shares

RE/MAX cash consideration $13.80 per share Cash option for each RE/MAX Holdings, Inc. common share in the merger

RE/MAX stock consideration 0.5150 shares REAX common shares offered per RE/MAX share, subject to proration

Merger agreement date April 26, 2026 Date of the Arrangement Agreement and Plan of Merger

Merger closing date August 24, 2026 Date on which REAX acquired all issued and outstanding shares of Real and RE/MAX

Key Terms

Arrangement Agreement and Plan of Merger, Share Consolidation, restricted share unit, proration provisions, +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.

Share Consolidation financial

"each issued and outstanding common shares of Real ... was consolidated on a 10-for-1 basis (the "Share Consolidation")"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

restricted share unit financial

"each restricted share unit of Real ("Real RSU") was exchanged for a restricted share unit of the Issuer"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

proration provisions financial

"0.5150 shares of common stock ... 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.

beneficially holds financial

"Includes (i) 15,051 shares of common stock ... and (ii) restricted share units ... represents the right to receive"

FAQ

What does the Form 3 for REAX disclose about CFO Jani Ravi’s holdings?

The Form 3 reports that Chief Financial Officer Jani Ravi beneficially holds 65,788 REAX common shares, consisting of 15,051 shares of common stock and 50,737 restricted share units that can settle in common stock upon vesting.

How were Real Brokerage Inc. shares treated in the REAX merger?

Each common share of The Real Brokerage Inc. underwent a 10-for-1 Share Consolidation and was then converted into the right to receive one share of Real REMAX Group Inc. common stock under the Merger Agreement dated April 26, 2026.

What consideration did RE/MAX Holdings, Inc. shareholders receive in the REAX transaction?

Each RE/MAX Holdings, Inc. common share was converted into the right to receive either $13.80 in cash or 0.5150 REAX common shares, in each case subject to the proration provisions specified in the Merger Agreement.

What are the components of Jani Ravi’s 65,788-share position in REAX?

The 65,788-share position includes 15,051 outstanding REAX common shares and restricted share units that, subject to vesting, represent the right to receive 50,737 additional REAX common shares upon settlement.

Does this REAX Form 3 report any recent stock purchases or sales by Jani Ravi?

No. The Form 3 lists holdings only. It reports Jani Ravi’s beneficial ownership of 65,788 REAX-related shares after the merger but does not disclose any purchases, sales, or other buy/sell transactions.

How were Real restricted share units handled in the REAX merger?

Each Real restricted share unit was exchanged for a restricted share unit of REAX that entitles the holder, following the Share Consolidation, to receive the same number of REAX common shares (or cash equivalent) as the corresponding Real common shares, rounded down to the nearest whole share.

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Available on EDGAR 09/02/2026 - 09:12 AM Accepted by SEC EDGAR 08/24/2026 - 06:37 PM 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^*

Jani Ravi

(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)

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

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, par value $0.001 per share	65,788(1)(2)(3)	D

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:

1. 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.

2. 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).

3. Includes (i) 15,051 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, 50,737 shares of common stock of the Issuer.

Remarks:

See attached Exhibit 24 - Power of Attorney.

	/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)