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RE/MAX Holdings, Inc. executive Susan L. Winders reported a mix of stock awards and tax-related share withholdings in Class A common stock. On February 27 and March 1, 2026, she reported several grant or award acquisitions, including 13,774 shares and two separate 59,619-share awards at $0.00 per share.
Footnotes explain that some shares were issued as the equity portion of her 2025 bonus and that she received performance-based RSUs tied to a January 1, 2026–December 31, 2028 performance period, where actual vesting can range from 0–200% of the target amount. She also received time-based RSUs that vest in three equal annual installments beginning on March 1, 2027.
To cover tax obligations upon these issuances and RSU settlements, the company withheld 4,260 shares at $6.45 and 10,253 shares at $6.29 per share as tax-withholding dispositions. After these transactions, she directly holds 302,572 Class A shares, including 231,397 RSUs.
RE/MAX Holdings, Inc. executive Christopher Inwhan Lim reported a mix of equity grants and tax-related share withholdings in Class A common stock. He received several stock and restricted stock unit awards, including grants made under the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan.
Footnotes explain that part of his 2025 bonus was paid in equity, and some shares were withheld by the issuer to cover tax obligations upon equity issuance and RSU settlement. He was also granted performance-based RSUs tied to a performance period from January 1, 2026 through December 31, 2028, where the actual number vesting can range from 0–200% of the target, and time-based RSUs that vest in three equal annual installments beginning on March 1, 2027. Following these transactions, he directly holds 225,706 shares of Class A common stock, which include 205,518 RSUs.
RE/MAX Holdings, Inc. executive Christopher Inwhan Lim, who serves as REMAX President and Chief Growth Officer, reported his initial beneficial ownership on a Form 3. He disclosed beneficial ownership of 89,561 shares of Class A Common Stock as of the reported date, and a footnote explains that all of these owned securities are Restricted Stock Units.
RE/MAX Holdings, Inc. large shareholder Magnolia Capital Fund, LP, a ten percent owner, reported open-market sales of its common stock over two days. On February 19, 2026, it sold 67,500 shares at a weighted-average price of $6.84 per share. On February 18, 2026, it sold 52,362 shares at a weighted-average price of $6.90 per share. Both trades were executed in multiple transactions within disclosed price ranges. Following these sales, the filing shows 0 shares of this security reported as held. The shares are directly owned by Magnolia Capital Fund, LP, with Magnolia Group, LLC as general partner and investment manager, and Adam K. Peterson as managing member of Magnolia Group, both of whom disclaim beneficial ownership beyond their pecuniary interests.
RE/MAX Holdings, Inc. is a Delaware-based holding company that manages global real estate and U.S. mortgage brokerage franchises through an asset-light, fee-based model. It franchises real estate offices under the RE/MAX brand, mortgage brokerages under Motto Mortgage, and loan processing via wemlo.
The company generates most of its revenue from recurring fees linked to RE/MAX agents and Motto offices, with continuing franchise fees and annual dues representing 65.5% of 2025 revenue excluding marketing funds and broker fees contributing 24.5%. Operations are organized into Real Estate, Mortgage, and Marketing Funds segments, with about 93% of total revenue derived in the U.S. and Canada.
RE/MAX emphasizes technology and marketing platforms, including its MaaS and Loan Brokering System, to support franchisees. As of December 31, 2025, it employed 519 people and managed a dual-class structure in RMCO, alongside tax receivable agreements and notable litigation and regulatory risks around antitrust, commissions, and franchise and mortgage regulation.
RE/MAX Holdings reported softer fourth-quarter and full-year 2025 results in a still-challenging housing market but maintained solid profitability and cash generation. Fourth-quarter revenue was $71.1 million, down 1.8%, with Adjusted EBITDA of $22.4 million and a 31.5% margin. GAAP EPS was $0.07.
For 2025, revenue fell 5.2% to $291.6 million, while Adjusted EBITDA declined 4.1% to $93.7 million with a 32.1% margin and GAAP EPS of $0.40. Total agent count grew 1.4% to 148,660, as international growth offset a 4.6% decline in U.S. and Canada agents.
The company ended 2025 with $118.7 million in cash and $436.8 million of debt. For 2026 it targets agent growth of 1.5–3.5%, revenue between $285–305 million, and Adjusted EBITDA of $90–100 million, signaling an expectation of stable to modestly improving performance.
RE/MAX Holdings, Inc. announced that Chris Lim has been promoted to President and Chief Growth Officer of RE/MAX, LLC. Lim, who joined as Chief Growth Officer in February 2025, will oversee the global network, international growth and long-term brand strategy, reporting to the CEO.
In his new role, Lim will receive an annual base salary of $425,000, be eligible for a long-term equity incentive valued at 200% of base salary in restricted stock units split evenly between performance-based and time-based vesting over three years, and an annual bonus targeted at 70% of base salary. He may also receive a one-time cash bonus equal to his base salary if the company reaches specified revenue or Adjusted EBITDA targets in any quarter through the end of 2027.
The company also expanded its global franchise sales leadership by appointing Pierre Montagna as Vice President of Global Sales and Lisa Sennstrom as Director of Global Sales, highlighting a strategy focused on accelerated global expansion, stronger affiliate support and broader modernization across the RE/MAX network.
RE/MAX Holdings, Inc. reported a board change. On February 10, 2026, Dr. Christine Riordan informed the Board of Directors of her resignation, effective the same day. The company disclosed this change under the item covering departures of directors and certain officers.
RE/MAX Holdings, Inc. 10% owner Gail A. Liniger reported several indirect equity movements involving family and trust holdings of Class A common stock. On May 6, 2025, her spouse transferred 353,711 Class A shares to the Amended and Restated ADAOS Trust for no consideration, changing how those shares are held but not recording a sale.
Her spouse later received 1,000 Class A shares on December 26, 2025 as a beneficiary of a relative’s estate and then transferred those 1,000 shares to the trust on January 23, 2026, also at a reported price of $0. The filing also shows indirect ownership of 12,559,600 common units of RMCO, LLC held by RIHI, Inc., which are redeemable into Class A common stock on a one-for-one basis or cash, with Liniger and her husband having voting and investment control over those units.
RE/MAX Holdings director and 10% owner David L. Liniger reported several non-cash changes in his holdings of Class A common stock and related units. On May 6, 2025, he transferred 353,711 shares to the Amended and Restated ADAOS Trust for no consideration, moving this stake from direct to indirect ownership.
On December 26, 2025, he received 1,000 shares as a beneficiary of a relative's estate, then on January 23, 2026 transferred those 1,000 shares for no consideration, leaving him with 354,711 shares held indirectly through the ADAOS Trust. Separately, an entity he and his wife control, RIHI, Inc., holds 12,559,600 common units of RMCO, LLC, which are redeemable into Class A common stock of RE/MAX Holdings, Inc. on a one-for-one basis or for cash at the company's option.