Real REMAX grants 58,180 PSUs to CTO Damani
CTO Pritesh Damani received a new performance-based equity award while retaining existing options, RSUs, PSUs and common shares in REAX.
Rhea-AI Filing Summary
Real REMAX Group Inc. (symbol: REAX) is the issuer of record for a Form 4 filing submitted to the SEC. Damani Pritesh reported acquisition or exercise transactions in this Form 4 filing.
Real REMAX Group Inc. (REAX) reported that Chief Technology Officer Pritesh Damani received a grant of 58,180 Performance Stock Units (PSUs) on September 9, 2026, each representing a contingent right to receive one share of Common Stock. These PSUs will be earned based on the company’s performance during a defined performance period and, once earned, will vest with one-half vesting on March 15, 2028 and the remainder in equal quarterly installments over the next six quarters. The filing also lists Mr. Damani’s existing holdings of stock options, restricted stock units, additional PSUs, and 74,371 shares of Common Stock held directly, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 58,180 shares
Grant/Award
9 txns
Insider
Damani Pritesh
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F9, F11 | 58,180 | $0.00 | $0.00 |
| holding | Stock Options F2 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Restricted Stock Units F4, F6 | -- | -- | -- |
| holding | Restricted Stock Units F4, F7 | -- | -- | -- |
| holding | Restricted Stock Units F4, F8 | -- | -- | -- |
| holding | Performance Stock Units F9, F10 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 73,345 contracts for 15,165 underlying shares (Direct);
Stock Options — 185,072 contracts (Direct);
Restricted Stock Units — 143,039 contracts (Direct);
Common Stock — 74,371 shares (Direct)
Footnotes (11)
- F1. The Reporting Person previously reported awards of restricted stock units ("RSUs") and performance restricted stock units ("PSUs") in Table 1 of Form 3. This amount reflects the exclusion of the RSUs and PSUs.
- F2. These stock options are fully vested and exercisable.
- F3. 65,250 of these stock options have vested and the remaining stock options vest in accordance with the following schedule: 6,250 shares vest quarterly starting on September 23, 2026 through March 23, 2029.
- F4. Each RSU represents a contingent right to receive one share of Common Stock of the Issuer.
- F5. These RSUs vest in accordance with the following schedule: approximately 2,119 shares will vest quarterly starting on September 13, 2026 through March 13, 2028.
- F6. These RSUs vest in accordance with the following schedule: 1,459 shares will vest quarterly starting on September 10, 2026 through December 10, 2026; and 1,458 shares will vest quarterly starting March 10, 2027 through March 10, 2029.
- F7. These RSUs vest in accordance with the following schedule: 6,250 vest quarterly starting on November 15, 2026 through May 15, 2029.
- F8. These RSUs vest in accordance with the following schedule: 10,854 will vest on March 9, 2027; 2,714 shares will vest quarterly starting on June 9, 2027 through June 9, 2029; and 2,713 will vest quarterly starting on September 9, 2029 through March 9, 2030.
- F9. Each PSU represents a contingent right to receive one share of Common Stock of the Issuer.
- F10. These PSUs will be earned based upon the Issuer's performance during the performance period. Once earned, the PSUs will vest in accordance with the following schedule: one-quarter of the PSUs will vest on March 15, 2027 and the remaining shares will vest in equal quarterly installments over the next four quarters immediately following March 15, 2027.
- F11. These PSUs will be earned based upon the Issuer's performance during the performance period. Once earned, the PSUs will vest in accordance with the following schedule: one-half of the PSUs will vest on March 15, 2028 and the remaining shares will vest in equal quarterly installments over the next six quarters immediately following March 15, 2028.
Key Figures
New Performance Stock Units granted: 58,180 units
Common Stock held directly: 74,371 shares
Stock options at $8.74: 51,072 underlying shares
+5 more
8 metrics
New Performance Stock Units granted
58,180 units
Grant to CTO Pritesh Damani on September 9, 2026, each for one share of Common Stock
Common Stock held directly
74,371 shares
Direct ownership after excluding previously reported RSUs and PSUs
Stock options at $8.74
51,072 underlying shares
Fully vested options, exercise price $8.74, expiring January 8, 2031
Stock options at $12.50
134,000 underlying shares
Options expiring March 23, 2033, partially vested with remaining shares vesting quarterly through March 23, 2029
Restricted Stock Units (first award)
14,830 underlying shares
RSUs vesting quarterly from September 13, 2026 through March 13, 2028
Restricted Stock Units (second award)
16,040 underlying shares
RSUs vesting quarterly from September 10, 2026 through March 10, 2029
Restricted Stock Units (third award)
68,750 underlying shares
RSUs vesting quarterly from November 15, 2026 through May 15, 2029
Existing Performance Stock Units
15,165 underlying shares
PSUs earned based on performance, with vesting starting March 15, 2027
Key Terms
Performance Stock Units, Restricted Stock Units, contingent right, performance period
4 terms
Performance Stock Units financial
"Each PSU represents a contingent right to receive one share of Common Stock"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock"
performance period financial
"These PSUs will be earned based upon the Issuer's performance during the performance period"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did REAX grant to CTO Pritesh Damani on September 9, 2026?
Real REMAX Group Inc. granted CTO Pritesh Damani 58,180 Performance Stock Units (PSUs) on September 9, 2026. Each PSU represents a contingent right to receive one share of the company’s Common Stock, subject to specified performance conditions and vesting schedules.
How do the new PSUs for REAX’s CTO vest and when do they start vesting?
The newly granted PSUs will be earned based on company performance. Once earned, one-half will vest on March 15, 2028, and the remaining shares will vest in equal quarterly installments over the next six quarters immediately following March 15, 2028.
What stock options in REAX does the CTO hold and what are their terms?
The CTO holds stock options on 51,072 underlying REAX shares at an exercise price of $8.74 expiring on January 8, 2031, which are fully vested, and options on 134,000 underlying shares at $12.50 expiring on March 23, 2033, with 65,250 already vested and the rest vesting quarterly through March 23, 2029.
What restricted stock units (RSUs) in REAX are reported for the CTO and how do they vest?
The filing reports RSUs covering 14,830, 16,040, 68,750, and 43,419 underlying REAX shares. These RSUs vest in scheduled quarterly installments between September 13, 2026 and March 9, 2030, with specific quarterly share amounts detailed in the vesting schedules.
Does this REAX Form 4 indicate trades under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported. The primary reported event is the grant of 58,180 Performance Stock Units and the disclosure of existing holdings, rather than open-market purchases or sales under a trading plan.
What other performance stock units (PSUs) in REAX are held by the CTO besides the new grant?
Apart from the new 58,180 PSU grant, the CTO holds PSUs covering 15,165 underlying REAX shares. These PSUs will be earned based on the issuer’s performance, and once earned, one-quarter will vest on March 15, 2027, with the remainder vesting in equal quarterly installments over the following four quarters.
AI-generated analysis. How Rhea-AI works. Not financial advice.
