[Form 4] RE/MAX HOLDINGS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Victor Stephen Lombardo, President of Mortgage Services at RE/MAX Holdings, Inc. (RMAX), was granted 75,000 Restricted Stock Units (RSUs) on 08/18/2025 as an employment inducement award under NYSE Listed Company Manual Section 303A.08. The RSUs are scheduled to vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028. The Form 4 reports 75,050 shares beneficially owned following the transaction and records the grant at a $0 per-share price. The filing was signed by an attorney-in-fact on behalf of the reporting person on 08/20/2025.

Positive

• 75,000 RSUs granted to a senior officer, aligning management incentives with shareholders
• Three-year vesting schedule (equal installments on March 1, 2026; 2027; 2028) supports retention
• Grant identified as an NYSE inducement award, indicating compliance with exchange listing provisions

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine equity inducement grant aligns a senior officer with shareholder interests but has limited immediate cash impact.

The 75,000 RSU award given to a senior officer on 08/18/2025 is an equity-based compensation instrument that vests over three annual installments beginning March 1, 2026. Such awards typically aim to retain and motivate executives while tying compensation to share performance. The Form 4 shows the grant priced at $0 per share, consistent with standard RSU grants that do not require cash purchase. The reported beneficial ownership of 75,050 shares post-grant indicates a modest existing stake plus the newly granted units. For investors, this is a routine governance and compensation disclosure rather than a material corporate transaction.

Corporate Governance Expert

TL;DR: The grant is an NYSE-inducement RSU award with standard multi-year vesting; it reflects customary executive compensation practice.

The award was explicitly identified as an employment inducement under NYSE Listed Company Manual Section 303A.08, signaling it was granted to secure the officer's services. Vesting in equal installments across 2026–2028 is a typical retention structure. The filing was executed by counsel as attorney-in-fact, and the submission is a single-reporting-person Form 4. This disclosure satisfies Section 16 reporting requirements and provides transparency on insider equity grants without indicating any governance irregularity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lombardo Victor Stephen

(Last) (First) (Middle)

5075 S. SYRACUSE ST.

(Street)

DENVER CO 80237

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RE/MAX Holdings, Inc. [ RMAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of Mortgage Services

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/18/2025		A		75,000(1)	A	$0	75,050	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person was granted Restricted Stock Units (RSUs) that are scheduled to vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.. The RSUs were granted as an employment inducement award under NYSE Listed Company Manual Section 303A.08.

	/s/ Mark Rohr, Attorney-in-Fact	08/20/2025
	** 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 4 (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.

FAQ

What did RE/MAX Holdings (RMAX) disclose on Form 4 for 08/18/2025?

The Form 4 discloses a grant of 75,000 RSUs to Victor Stephen Lombardo on 08/18/2025, priced at $0, vesting in equal installments on March 1, 2026, 2027, and 2028.

Who is the reporting person in the RMAX Form 4 filing?

The reporting person is Victor Stephen Lombardo, identified as President of Mortgage Services and an officer of RE/MAX Holdings, Inc.

How many shares does the reporting person beneficially own after the reported transaction?

The Form 4 reports 75,050 shares beneficially owned following the reported transaction.

Was the RSU grant described as a specific type of award under exchange rules?

Yes. The RSUs were granted as an employment inducement award under NYSE Listed Company Manual Section 303A.08.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 08/20/2025.