MAGNOLIA CAPITAL FUND, LP 4

What Happened

Adam K. Peterson, reported as a 10% owner (via Magnolia Capital Fund, LP), sold a total of 142,693 RE/MAX Holdings, Inc. (RMAX) shares in open-market transactions. On 2026-03-31 he sold 81,693 shares at a weighted-average price of $5.80 for $473,819, and on 2026-04-01 he sold 61,000 shares at a weighted-average price of $5.71 for $348,310. These were sales (dispositions), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-03-31: 81,693 shares at $5.77–$5.86 (weighted avg $5.80) — $473,819 (footnote F3).
  • 2026-04-01: 61,000 shares at $5.70–$5.73 (weighted avg $5.71) — $348,310 (footnote F4).
• Total sold: 142,693 shares for approximately $822,129.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: Form 4 filed 2026-04-02; the filing appears to cover the reported transactions promptly.
• Footnotes:
  • F1: Shares are directly owned by Magnolia Capital Fund, LP; The Magnolia Group, LLC (TMG) is the GP/manager and Mr. Peterson is the managing member — indicating indirect beneficial ownership.
  • F2: TMG and Mr. Peterson disclaim beneficial ownership except to the extent of pecuniary interest.
  • F3/F4: Each sale was executed in multiple trades; the filing shows weighted-average prices and offers to provide per-trade details on request.

Context

These were open-market dispositions by a reported 10% owner conducted through an institutional vehicle (Magnolia Capital Fund). The filing documents indirect ownership structures and provides trade-price ranges rather than per-lot detail. Sales by large holders can be routine (liquidity, portfolio rebalancing, etc.); the Form 4 reports the facts but does not state the reason for the sales.