Form 4: reAlpha Tech Corp. CFO Acquires 10,000 Shares as Compensation

Michael Charles Frenz, CFO of reAlpha Tech Corp., acquired 10,000 shares of common stock as compensation for prior services.

Summary

• Michael Charles Frenz, the Chief Financial Officer of reAlpha Tech Corp., acquired 10,000 shares of the company's common stock on May 16, 2024.
• The shares were received as compensation for services rendered as an independent contractor before his appointment as CFO.
• The acquisition was made under the Issuer's 2022 Equity Incentive Plan.
• The price per share was $0.
• Following the transaction, Mr. Frenz directly owns 10,000 shares of reAlpha Tech Corp. common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports a stock acquisition as compensation.

Positives

• The acquisition of shares by the CFO demonstrates his alignment with the company's success.
• The shares were granted as compensation for prior services, indicating a reward for past contributions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates