Real REMAX director awarded 13,750 merger shares
Real REMAX Group Inc. (REAX) reports that director Jenkins Norman K. acquired common stock in connection with the closing of its merger with The Real Brokerage Inc. and RE/MAX Holdings, Inc. on August 24, 2026.
Rhea-AI Filing Summary
Real REMAX Group Inc. (REAX) reports that director Jenkins Norman K. acquired common stock in connection with the closing of its merger with The Real Brokerage Inc. and RE/MAX Holdings, Inc. on August 24, 2026. He received 13,750 shares of REAX common stock as equity consideration for RE/MAX Holdings shares for which he elected cash consideration that was subject to proration, resulting instead in a mix of cash and stock. He also received 5,348 shares of REAX common stock upon cancellation of certain RE/MAX Holdings restricted stock units, which converted into REAX shares and accrued cash dividend equivalents under the merger terms. These are grant/award acquisitions, not open-market purchases, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,098 shares
Grant/Award
2 txns
Insider
Jenkins Norman K.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share F1, F2, F4 | 13,750 | -- | -- |
| Grant/Award | Common Stock, par value $0.001 per share F3 | 5,348 | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 19,098 shares (Direct)
Footnotes (4)
- 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 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 ("REMAX Common Stock") was converted into the right to receive either (i) $13.80 in cash (the "Cash Consideration") or (ii) 0.5150 shares of common stock of the Issuer (after giving effect to the Share Consolidation), subject in each case to the proration provisions of the Merger Agreement.
- F2. Due to the proration provisions of the Merger Agreement, each share of REMAX Common Stock that elected the Cash Consideration received a combination of (i) $4.33 in cash and (ii) 0.3535 shares of common stock of the Issuer (after giving effect to the Share Consolidation).
- F3. Pursuant to the Merger Agreement, each Specified RSU (as defined in the Merger Agreement), whether vested or unvested, was canceled and extinguished, and the holders thereof were entitled to receive (subject to any applicable withholding) a number of shares of common stock of the Issuer, rounded to the nearest whole share, equal to (x) the product of (i) the number of shares of REMAX Common Stock subject to such Specified RSU, multiplied by (ii) 0.5150, and (y) an amount in cash equal to any accrued but unpaid dividend equivalents with respect to such Specified RSU.
- F4. The Reporting Person elected to receive the Cash Consideration, which was subject to proration as described in footnote 2.
Key Figures
Shares acquired as stock consideration: 13,750 shares
Shares acquired from RSU conversion: 5,348 shares
Cash Consideration per RE/MAX share: $13.80 per share
+3 more
6 metrics
Shares acquired as stock consideration
13,750 shares
REAX common stock received by Jenkins Norman K. for RE/MAX Holdings shares on August 24, 2026
Shares acquired from RSU conversion
5,348 shares
REAX common stock received from specified RE/MAX restricted stock units under the merger
Cash Consideration per RE/MAX share
$13.80 per share
Elective cash consideration alternative for each RE/MAX Holdings common share before proration
Adjusted cash and stock mix per cash-election share
$4.33 and 0.3535 shares
Per RE/MAX Holdings share that elected cash consideration after proration
Stock consideration exchange ratio
0.5150 shares
REAX common shares per RE/MAX Holdings share for stock consideration and Specified RSUs
Real Brokerage share consolidation ratio
10-for-1
Each Real Brokerage common share consolidated 10-for-1 before converting into one REAX share
Key Terms
Arrangement Agreement and Plan of Merger, Share Consolidation, Cash Consideration, proration provisions, +2 more
6 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.
Cash Consideration financial
"was converted into the right to receive either (i) $13.80 in cash (the "Cash Consideration")"
Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.
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.
Specified RSU financial
"each Specified RSU (as defined in the Merger Agreement), whether vested or unvested"
dividend equivalents financial
"cash equal to any accrued but unpaid dividend equivalents with respect to such Specified RSU"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
What insider transactions did REAX director Jenkins Norman K. report on August 24, 2026?
On August 24, 2026, Jenkins Norman K. reported acquiring 13,750 shares of Real REMAX Group Inc. common stock as proration-adjusted consideration for RE/MAX Holdings shares and 5,348 shares from conversion of certain RE/MAX restricted stock units under the merger agreement.
Was the REAX Form 4 for Jenkins Norman K. a market buy or sell?
No market buy or sell occurred. The Form 4 for REAX shows grant/award acquisitions of common stock issued as part of merger consideration and RSU conversion, rather than open-market purchases or sales.
Did the REAX insider transactions use a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan was used. The reported acquisitions arose automatically from the merger closing and RSU conversion, not from a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
