Monitor for actual sale execution via Form 4 filings. A large insider sale by a 10% holder could signal reduced confidence or portfolio diversification, potentially pressuring the stock in the near term.
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Executive Summary
David L. Liniger, a 10% stockholder of Real REMAX Group Inc. (REAX), filed a Form 144 on September 17, 2026, indicating intent to sell 52,876 shares of common stock with an approximate market value of $1,010,931. The shares were acquired through open market purchases in June 2019. This is a significant insider sale by a major shareholder, though the sale is not yet executed.
Key Facts
- David L. Liniger, a 10% stockholder, filed Form 144 to sell 52,876 shares of REAX common stock.
- Estimated sale value is approximately $1,010,931 based on a $19.12 per share price (52,876 shares × $19.12).
- Shares were acquired via open market purchases in June 2019.
- The sale is planned for execution on or after September 17, 2026, on NASDAQ.
- The filing is an advance notice of intent to sell; the actual sale may not occur.
Financial Impact
Proposed sale of 52,876 shares valued at ~$1.01 million, representing a notable portion of the insider's holdings.
Risk Factors
- Insider sale may be completed, adding supply to the market and weighing on share price.
- Sale by a major shareholder could be interpreted as a lack of conviction in the company's near-term prospects.
- The filing does not disclose the insider's remaining holdings, limiting assessment of proportionality.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-009646 |
| Document: 0001950047-26-009646-index.html | 0001950047-26-009646 |
| Document: 0001950047-26-009646.txt | 0001950047-26-009646 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | 144 | $16.53 $16.43 | ▲ +0.60% | ▲ +1.87% | $15.30 (+7.44%) |
Sep 16, 2026 5w ago | 3 | $17.61 $15.48 | ▼ −12.10% | ▼ −12.70% | $15.30 (−13.12%) |
Aug 26, 2026 9w ago | EFFECT | $26.59 $18.03 | ▲ +32.19% | ▲ +32.07% | $15.30 (+42.46%) |
Aug 6, 2026 11w ago | 425 / 6-K | $1.99 $2.40 | ▲ +20.60% | ▲ +19.39% | $15.30 (+668.84%) |
Aug 6, 2026 11w ago | 6-K | $1.99 $2.40 | ▲ +20.60% | ▲ +19.39% | $15.30 (+668.84%) |
Jul 14, 2026 15w ago | 425 / 6-K | $2.00 $2.01 | ▲ +0.50% | ▲ +1.80% | $15.30 (+665.00%) |
Jul 10, 2026 15w ago | 425 / 6-K | $2.05 $2.18 | ▲ +6.34% | ▲ +6.90% | $15.30 (+646.34%) |
Jul 9, 2026 15w ago | 425 | $2.05 $2.18 | ▲ +6.34% | ▲ +6.90% | $15.30 (+646.34%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.59 $1.71 | ▲ +7.55% | ▲ +7.11% | $15.30 (+862.26%) |
Jun 4, 2026 20w ago | 425 | $1.68 $1.62 | ▼ −3.57% | ▼ −4.14% | $15.30 (+810.71%) |
US Market Status
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