RE/MAX exec exits 225K shares in merger payout
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
RE/MAX Holdings, Inc. (RMAX) reports that executive Christopher Inwhan Lim, REMAX President and Chief Growth Officer, disposed of 225,706 shares of Class A common stock in a transaction classified as a disposition to the issuer, resulting in 0 shares held afterward. This occurred in connection with the closing of a merger under an Agreement and Plan of Merger among RE/MAX Holdings and entities affiliated with The Real Brokerage Inc., in which RE/MAX Holdings became a wholly owned subsidiary of a new parent company. Each RE/MAX Class A share was converted into the right to receive either $13.80 in cash or 0.5150 shares of the new parent’s common stock, at the holder’s election.
Insider Trade Summary
Disposition: 225,706 shares
Disposition
1 txn
Insider
Lim Christopher Inwhan
Role
REMAX President, C. Growth Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock F1, F2, F3 | 225,706 | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. On August 24, 2026, pursuant to the terms of the Agreement and Plan of Merger, dated as of April 26, 2026 (the "Merger Agreement"), by and among the Issuer, The Real Brokerage Inc., Rome Wildlife, Inc. ("New Wildlife"), Wildlife Acquisition I Corp. ("Merger Sub I"), Wildlife Acquisition II LLC ("Merger Sub II") and 1587802 B.C. Unlimited Liability Company, Merger Sub I merged with and into the Issuer (the "First Merger"), with the Issuer surviving the First Merger as a wholly owned subsidiary of New Wildlife, and the Issuer merged with and into Merger Sub II (the "Second Merger"), with Merger Sub II surviving the Second Merger as a wholly owned subsidiary of New Wildlife.
- F2. The reported securities include restricted stock units ("RSUs") granted pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan. In accordance with the Merger Agreement, each RSU held by the Reporting Person as of immediately prior to the effective time of the First Merger (the "Effective Time"), whether or not vested, was converted into a corresponding award of New Wildlife RSUs based on the Stock Election Exchange Ratio (as defined below).
- F3. Pursuant to the Merger Agreement and subject to certain exceptions, each share of the Issuer's Class A common stock, par value $0.0001 per share, issued and outstanding immediately prior to the Effective Time was converted into the right to receive, without interest and at the Reporting Person's election, either (i) an amount in cash equal to $13.80 or (ii) 0.5150 shares of New Wildlife common stock (the "Stock Election Exchange Ratio").
Key Figures
Shares disposed: 225,706 shares of Class A Common Stock
Shares held after transaction: 0 shares
Cash merger consideration per share: $13.80 per share
+3 more
6 metrics
Shares disposed
225,706 shares of Class A Common Stock
Disposition to issuer reported by Christopher Inwhan Lim on August 24, 2026
Shares held after transaction
0 shares
Direct ownership of RE/MAX Holdings Class A common stock following the disposition
Cash merger consideration per share
$13.80 per share
Cash amount each RE/MAX Class A share could be converted into under the Merger Agreement
Stock Election Exchange Ratio
0.5150 shares of New Wildlife common stock per RE/MAX share
Alternative stock consideration each RE/MAX Class A share could receive
Merger agreement date
April 26, 2026
Date of the Agreement and Plan of Merger governing the reported transaction
Effective merger transaction date
August 24, 2026
Date on which the mergers and related share conversions occurred
Key Terms
Agreement and Plan of Merger, restricted stock units, Omnibus Incentive Plan, Stock Election Exchange Ratio, +1 more
5 terms
Agreement and Plan of Merger regulatory
"pursuant to the terms of the Agreement and Plan of Merger, dated as of April 26, 2026"
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.
restricted stock units financial
"The reported securities include restricted stock units ("RSUs") granted"
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.
Omnibus Incentive Plan financial
"RSUs granted pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
Stock Election Exchange Ratio financial
"based on the Stock Election Exchange Ratio (as defined below)"
disposition to issuer financial
"transaction code description: Disposition to issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Christopher Inwhan Lim report in this Form 4 for RMAX?
Christopher Inwhan Lim reported a disposition to the issuer of 225,706 shares of RE/MAX Holdings Class A common stock, leaving him with 0 shares directly owned after the transaction, in connection with the completion of a merger involving RE/MAX Holdings.
How were Christopher Inwhan Lim’s RSUs in RMAX treated in the merger?
Restricted stock units granted under the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan that were held by Christopher Inwhan Lim immediately before the merger’s effective time were converted into corresponding RSU awards of the new parent company, based on the Stock Election Exchange Ratio.
Was the reported RMAX insider transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox was not affirmatively marked for this transaction, so the disposition is not identified as having been made pursuant to a Rule 10b5-1 trading plan.
What is the post-transaction ownership position of Christopher Inwhan Lim in RMAX Class A stock?
Following the reported disposition of 225,706 shares of RE/MAX Holdings Class A common stock, the reported direct holdings are 0 shares. The filing does not list any remaining Class A non-derivative holdings for him.
AI-generated analysis. How Rhea-AI works. Not financial advice.
