STOCK TITAN

Real REMAX Group: Former Chairman Holds 15.3% Stake

Liniger’s reported ownership represented 15.3% of REAX’s 36,563,000 outstanding common shares as of August 24, 2026.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Real REMAX Group Inc. common stock was acquired by David L. Liniger, the retired former Chairman of the Board of RE/MAX Holdings, Inc., through the merger completed August 24, 2026. Liniger reported beneficial ownership of 5,592,781 shares, representing 15.3% of the issuer’s common stock; 36,563,000 shares were outstanding as of August 24, 2026.

The merger terms provided that each RE/MAX Class A common share held immediately before the merger converted into the right to receive 0.5150 shares of Real common stock, at Liniger’s election. The ownership disclosure also states that he surrendered 10,859,772 shares of RE/MAX Series A common stock in exchange for the 5,592,781 issuer shares.

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Beneficially owned common shares 5,592,781 shares As of August 24, 2026
Ownership percentage 15.3% Of the issuer’s common stock as of August 24, 2026
Common shares outstanding 36,563,000 shares As of August 24, 2026
RE/MAX Series A common shares surrendered 10,859,772 shares Exchanged for issuer common stock in connection with the merger
Merger exchange ratio 0.5150 shares of Real common stock per RE/MAX Class A common share At Liniger’s election under the merger terms
beneficially owns financial
"beneficially owns 5,592,781 shares of the Issuer's common stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
sole voting power regulatory
"Sole Voting Power 5,592,781.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power regulatory
"Sole Dispositive Power 5,592,781.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
issued and outstanding shares financial
"15.3% of the issued and outstanding shares"
The total number of shares a company has issued and that are currently held by investors, excluding any shares the company has bought back and kept in its treasury. Investors use this count like the number of slices in a pie to calculate market value per share, ownership percentages and per-share metrics such as earnings per share, so it directly affects how the company’s value and each shareholder’s stake are measured.
Agreement and Plan of Merger regulatory
"pursuant to the terms of the Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many REAX shares did David L. Liniger own after the merger?

As of August 24, 2026, David L. Liniger beneficially owned 5,592,781 REAX common shares, representing 15.3% of the issuer’s common stock. The issuer had 36,563,000 common shares outstanding on that date.

What were the REAX merger share exchange terms for David L. Liniger?

The merger terms provided that each RE/MAX Class A common share Liniger held immediately before the merger converted into the right to receive 0.5150 shares of Real common stock, at his election. The ownership disclosure states that he surrendered 10,859,772 RE/MAX Series A common shares for 5,592,781 issuer shares.

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

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Learn about SEC filing dates





776105108

(CUSIP Number)
T. Kaye and J. D'Alessandro
Bryan Cave Leighton Paisner LLP, 1700 Lincoln Street, Suite 4100
Denver, CO, 80203
303-861-7000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/24/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D


David L. Liniger
Signature:/s/ David L. Liniger
Name/Title:David L. Liniger
Date:09/24/2026

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