RMAX

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, on May 12, 2026, the reporting person was granted restricted stock units ("RSUs") which are scheduled to vest on May 1, 2027.

Includes 10,385 unvested RSUs.

This transaction was executed in multiple trades at prices ranging from $11.02 to $11.46. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Due to transactions listed above and explained in Footnotes 3, 4, and 5, MCF, TMG and Mr. Peterson are no longer 10% Owners of the Issuer.

This transaction was executed in multiple trades at prices ranging from $10.42 to $11.38. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Due to transactions listed above and explained in Footnotes 3, 4, and 5, MCF, TMG and Mr. Peterson are no longer 10% Owners of the Issuer.

This transaction was executed in multiple trades at prices ranging from $9.72 to $10.07. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Due to transactions listed above and explained in Footnotes 3, 4, and 5, MCF, TMG and Mr. Peterson are no longer 10% Owners of the Issuer.

In satisfaction of certain withdrawal requests, MCF distributed in-kind a total of 280,825 shares of the Issuer's Common Stock to the withdrawing limited partners on April 20, 2026. As a result of the distribution, MCF is no longer deemed beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF decreased by 280,825 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Mr. Peterson, as the managing member of TMG).

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $5.70 to $5.73. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $5.77 to $5.86. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 59,888 RSUs.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 231,397 RSUs.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 342,973 RSUs.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 1,496,785 RSUs.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 205,518 RSUs.

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock in settlement of previously granted RSUs.

Includes 189,802 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 342,973 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 171,778 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 137,950 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 45,262 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 205,518 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 189,802 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 1,496,785 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 59,888 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted time-based RSUs which vest in three equal annual installments beginning on March 1, 2027.

Includes 231,397 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 119,901 RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 1,139,074 unvested RSUs.

Pursuant to the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan, the reporting person was granted performance-based RSUs which will vest, if at all, following the performance period of January 1, 2026, through December 31, 2028. The number set forth above is the target amount. The number of RSUs that vest will range from 0-200% of such amount.

Includes 261,097 RSUs.

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 75,000 restricted stock units ("RSUs").

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 89,561 Restricted Stock Units ("RSUs").

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 150,434 Restricted Stock Units ("RSUs").

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 89,561 Restricted Stock Units ("RSUs").

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 39,790 Restricted Stock Units ("RSUs").

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 75,000 restricted stock units ("RSUs").

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 39,790 Restricted Stock Units ("RSUs").

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 931,182 Restricted Stock Units ("RSUs")

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 251,192 Restricted Stock Units ("RSUs").

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 931,182 Restricted Stock Units ("RSUs")

Represents shares of RMAX Class A common stock issued for the portion of the 2025 bonus that was paid in equity.

Includes 251,192 Restricted Stock Units ("RSUs").

Represents shares of Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of Class A common stock for the portion of the 2025 bonus paid in equity.

Includes 150,434 Restricted Stock Units ("RSUs").

This transaction was executed in multiple trades at prices ranging from $6.81 to $6.85. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $6.85 to $7.02. The price reported above represents the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

The reporting person's spouse transferred shares to the Amended and Restated ADAOS Trust for no consideration.

The reporting person transferred shares to the Amended and Restated ADAOSTrust for no consideration.

Represents shares of RMAX Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon settlement of previously reported restricted stock units ("RSUs").

Includes 150,434 RSUs.

Represents shares of RMAX Class A common stock withheld by the issuer in satisfaction of tax withholding obligations upon settlement of previously reported restricted stock units ("RSUs").

Includes 251,192 RSUs.

The reporting person's spouse received shares as a beneficiary of a relative's estate.

The reporting person received shares as a beneficiary of a relative's estate.