Giri Devanur - 30 Apr 2025 Form 4 Insider Report for reAlpha Tech Corp. (AIRE)

Signature
/s/ Giri Devanur
Issuer symbol
AIRE
Transactions as of
30 Apr 2025
Net transactions value
$0
Form type
4
Filing time
01 May 2025, 19:48:42 UTC
Previous filing
20 Oct 2023
Next filing
03 Nov 2025
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRE Common Stock Award $0 +81,682 +0.3% $0.000000 27,719,092 30 Apr 2025 Direct F1, F2
transaction AIRE Common Stock Award $0 +96,914 +0.35% $0.000000 27,816,006 30 Apr 2025 Direct F3
holding AIRE Common Stock 2,700,000 30 Apr 2025 By Giri Devanur Holdings LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (each, an "RSU" and collectively, "RSUs") granted on April 30, 2025, pursuant to the Issuer's 2025 Short-Term Incentive Plan (the "STIP") and under its 2022 Equity Incentive Plan (as amended, the "Plan") upon achievement of performance goals for the fiscal quarter ended March 31, 2025, as approved by the Compensation Committee. Each RSU represents a contingent right to receive one share of common stock of the Issuer. 50% of these RSUs will vest on the date that is 12 months from the date of grant and the remaining 50% will vest in four equal quarterly installments over the next 12-month period thereafter, subject to the continuous service of the reporting person on such vesting dates and compliance with the terms and conditions of the STIP and the Plan. The number of RSUs awarded is based on the closing price of the Issuer's common stock as reported on the Nasdaq Capital Market on April 30, 2025, of $0.6449.
F2 Due to a character limit, Footnote 2 is a continuation of Footnote 1: Unvested RSUs are forfeited if the reporting person is separated from service with the Issuer for any or no reason.
F3 Represents RSUs granted on April 30, 2025, by the Compensation Committee under the Plan as compensation for services as an executive officer during the fiscal quarter ended March 31, 2025. Each RSU represents a contingent right to receive one share of common stock of the Issuer. 50% of these RSUs will vest on the date that is 12 months from the date of grant and the remaining 50% will vest in four equal quarterly installments over the next 12-month period thereafter, subject to the continuous service of the reporting person on such vesting dates and compliance with the terms and conditions of the Plan. The number of RSUs awarded is based on the closing price of the Issuer's common stock as reported on the Nasdaq Capital Market on April 30, 2025, of $0.6449. Unvested RSUs are forfeited if the reporting person is separated from service with the Issuer for any or no reason.
F4 The reporting person is the managing member of Giri Devanur Holdings LLC and holds sole voting and investment power with respect to those shares of common stock.