Form 4: RE/MAX Director Liniger Reports Stock Transfers

Gail A. Liniger, a Director and 10% owner of RE/MAX Holdings, Inc., reported several non-market transactions involving Class A Common Stock and indirect ownership of RMCO, LLC units.

Summary

• Gail A. Liniger, a Director and 10% Owner of RE/MAX Holdings, Inc. (RMAX), reported several transactions involving Class A Common Stock and indirect ownership of RMCO, LLC units.
• On May 6, 2025, 353,711 shares of Class A Common Stock were disposed of by the reporting person's spouse via a gift to the Amended and Restated ADAOS Trust for no consideration.
• On December 26, 2025, 1,000 shares of Class A Common Stock were acquired by the reporting person's spouse as a beneficiary of a relative's estate.
• On January 23, 2026, 1,000 shares of Class A Common Stock were disposed of by the reporting person's spouse via a gift to the Amended and Restated ADAOS Trust for no consideration.
• Following these transactions, the reporting person's spouse indirectly beneficially owns 354,711 shares of Class A Common Stock through the Amended and Restated ADAOS Trust.
• The reporting person also indirectly beneficially owns 12,559,600 Common Units of RMCO, LLC through RIHI, Inc., over which Gail Liniger and her husband, Dave Liniger, have dispositive, voting, and investment control.
• These RMCO, LLC common units are redeemable, at the holder's election, for newly issued shares of RE/MAX Holdings, Inc. Class A common stock on a one-for-one basis or a cash payment equal to the market price of one share of Class A common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily detailing routine insider transactions related to estate planning and gifts, which do not directly reflect on the operational performance or strategic direction of RE/MAX Holdings, Inc.

Positives

• The reporting person's spouse acquired 1,000 shares of Class A Common Stock as a beneficiary of an estate on December 26, 2025.
• Significant indirect beneficial ownership of 12,559,600 Common Units of RMCO, LLC, which are convertible into Class A Common Stock, indicates continued alignment with company performance.

Negatives

• The disposition of 353,711 shares and subsequently 1,000 shares of Class A Common Stock by the reporting person's spouse were gifts for no consideration, reducing direct beneficial ownership by the spouse, though transferred to a trust.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing. The transactions are related to personal estate planning.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and typically do not provide insights into broader industry trends or competitive landscapes. These specific transactions reflect personal estate planning rather than operational or strategic shifts for RE/MAX Holdings, Inc.

Related Party Transactions

• The transfers of Class A Common Stock by the reporting person's spouse to the Amended and Restated ADAOS Trust are related party transactions.
• The indirect beneficial ownership of 12,559,600 Common Units of RMCO, LLC by RIHI, Inc., where Gail Liniger and her husband, Dave Liniger, have dispositive, voting, and investment control, represents a related party structure.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as these are personal estate planning transactions by an insider, not operational changes.

Key Dates

Keywords

RE/MAX Holdings, RMAX, Insider Transaction, Form 4, Gail Liniger, Stock Transfer, Beneficial Ownership, RMCO LLC, Class A Common Stock, Estate Planning, Gift