[Form 4] The AG真人官方AG真人官方, Inc. Insider Trading Activity
Director Gilbert L. Baird III reported RSU vesting and an internal reallocation of holdings at The AG真人官方AG真人官方, Inc. (REAL). On 07/23/2025 he acquired 26,025 shares (reported as an acquisition at a $0 price, reflecting vested restricted stock units). The filing shows a corresponding indirect holding of 7,686,442 shares through GreyLion, reflecting shares held for funds managed by GreyLion Partners.
The filing explains the 26,025 shares are RSUs that vest on the earlier of one year from grant or immediately before the next annual meeting, subject to continued service. The reporting person disclaims beneficial ownership except for his pecuniary interest; GreyLion investment committees, including the reporting person, exercise voting and investment control for the funds holding the larger indirect stake.
Il direttore Gilbert L. Baird III ha comunicato il maturare di RSU e una riallocazione interna di partecipazioni in The AG真人官方AG真人官方, Inc. (REAL). Il 07/23/2025 ha acquisito 26,025 azioni (segnalate come acquisizione a prezzo $0, a indicare Restricted Stock Units maturate). Il deposito mostra una corrispondente partecipazione indiretta di 7,686,442 azioni tramite GreyLion, rappresentative delle azioni detenute per fondi gestiti da GreyLion Partners.
Il documento spiega che le 26,025 azioni sono RSU che maturano al primo fra un anno dalla concessione o immediatamente prima della prossima assemblea annuale, subordinatamente alla continuit脿 del servizio. Il dichiarante rinuncia alla titolarit脿 beneficiaria eccetto per il suo interesse pecuniario; i comitati di investimento di GreyLion, incluso il dichiarante, esercitano il controllo di voto e sugli investimenti per i fondi che detengono la maggiore partecipazione indiretta.
El director Gilbert L. Baird III notific贸 el vencimiento de RSU y una reasignaci贸n interna de participaciones en The AG真人官方AG真人官方, Inc. (REAL). El 07/23/2025 adquiri贸 26,025 acciones (registradas como adquisici贸n a precio $0, en reflejo de unidades restringidas que han vencido). La presentaci贸n muestra una tenencia indirecta correspondiente de 7,686,442 acciones a trav茅s de GreyLion, que corresponden a acciones mantenidas para fondos gestionados por GreyLion Partners.
La presentaci贸n explica que las 26,025 acciones son RSU que vencen en la fecha que ocurra antes entre un a帽o desde la concesi贸n o inmediatamente antes de la pr贸xima junta anual, condicionadas a la continuidad en el servicio. La persona informante renuncia a la titularidad beneficiaria salvo por su inter茅s pecuniario; los comit茅s de inversi贸n de GreyLion, incluido el informante, ejercen el control de voto y de inversi贸n sobre los fondos que poseen la mayor participaci贸n indirecta.
鞚挫偓 Gilbert L. Baird III電� The AG真人官方AG真人官方, Inc. (REAL)鞐愳劀 RSU鞚� 氩犾姢韺�(vesting)瓿� 雮措秬 氤挫湢 鞛鞍旃橂ゼ 氤搓碃頄堨姷雼堧嫟. 2025/07/23鞐� 攴鸽姅 26,025欤茧ゼ 旆摑頄堨溂氅�(旆摑 臧�瓴� $0搿� 氤搓碃霅橃柎 鞚措姅 甓岆Μ鞝滍暅欤检嫕雼渼(RSU)鞚� 氩犾姢韺呾潉 氚橃榿頃�), 鞝滌稖靹滊鞐愲姅 GreyLion鞚� 韱淀暣 氤挫湢頃� 臧勳爲 氤挫湢 歆�攵� 7,686,442欤缄皜 旮办灛霅橃柎 鞛堧姅雿� 鞚措姅 GreyLion Partners臧� 鞖挫毄頃橂姅 韼�霌滊ゼ 鞙勴暅 欤检嫕鞛呺媹雼�.
鞝滌稖靹滊鞐� 霐半ゴ氅� 26,025欤茧姅 攵�鞐澕搿滊秬韯� 1雲勳澊 霅橂姅 鞁滌爯 霕愲姅 雼れ潓 鞐半 欤检＜齑濏殞 歆侅爠 欷� 雿� 鞚措ジ 鞁滌爯鞐� 氩犾姢韺呺悩氅� 瓿勳啀 攴茧 臁瓣贝鞚� 鞝侅毄霅╇媹雼�. 氤搓碃鞛愲姅 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 靾橃澋鞝� 靻岇湢甓岇潉 攵�鞚疙晿瓿� 鞛堨溂氅�, GreyLion鞚� 韴瀽鞙勳洂須�(氤搓碃鞛愲ゼ 韽暔)電� 雿� 韥� 臧勳爲 歆�攵勳潉 氤挫湢頃� 韼�霌滊摛鞐� 雽�頃� 鞚橁舶甓� 氚� 韴瀽 韱奠牅甓岇潉 頄夓偓頃╇媹雼�.
Le administrateur Gilbert L. Baird III a d茅clar茅 le vesting d'RSU et une r茅allocation interne de participations chez The AG真人官方AG真人官方, Inc. (REAL). Le 07/23/2025, il a acquis 26,025 actions (d茅clar茅es comme une acquisition au prix de 0 $, refl茅tant des restricted stock units devenues acquises). Le dossier indique une participation indirecte correspondante de 7,686,442 actions via GreyLion, repr茅sentant des actions d茅tenues pour des fonds g茅r茅s par GreyLion Partners.
Le d茅p么t pr茅cise que les 26,025 actions sont des RSU qui deviennent acquises soit un an apr猫s l'attribution, soit imm茅diatement avant la prochaine assembl茅e g茅n茅rale annuelle, selon la date la plus rapproch茅e, sous r茅serve de la poursuite du service. La personne d茅clarant renonce 脿 la propri茅t茅 b茅n茅ficiaire 脿 l'exception de son int茅r锚t p茅cuniaire ; les comit茅s d'investissement de GreyLion, dont la personne d茅clarant, exercent le contr么le de vote et d'investissement pour les fonds d茅tenant la plus importante participation indirecte.
Direktor Gilbert L. Baird III meldete das Vesting von RSUs und eine interne Umschichtung von Beteiligungen bei The AG真人官方AG真人官方, Inc. (REAL). Am 07/23/2025 erwarb er 26,025 Aktien (als Erwerb zu $0 gemeldet, was auf ausge眉bte Restricted Stock Units hinweist). Die Meldung weist eine entsprechende indirekte Beteiligung von 7,686,442 Aktien 眉ber GreyLion aus, die Aktien f眉r von GreyLion Partners verwaltete Fonds repr盲sentieren.
Die Meldung erl盲utert, dass die 26,025 Aktien RSUs sind, die entweder ein Jahr nach der Gew盲hrung oder unmittelbar vor der n盲chsten Jahreshauptversammlung (je nachdem, was fr眉her eintritt) vesten, vorbehaltlich fortgesetzter Dienstzeit. Die meldende Person lehnt das wirtschaftliche Eigentum mit Ausnahme ihres geldwerten Interesses ab; die Anlageaussch眉sse von GreyLion, einschlie脽lich der meldenden Person, 眉ben Stimm- und Anlagekontrolle f眉r die Fonds aus, die die gr枚脽ere indirekte Beteiligung halten.
- None.
- None.
Insights
TL;DR: Routine RSU vesting and transfer to an affiliated investment vehicle; governance disclosure clarifies control and pecuniary interest.
The Form 4 documents a typical director RSU vesting event where 26,025 shares vested and were accounted for as held indirectly through GreyLion, increasing the reported indirect position to 7,686,442 shares. The filing includes a clear disclaimer of beneficial ownership except for pecuniary interest and explains voting and investment control exercised by GreyLion Partners. From a governance perspective, the disclosure is complete: it identifies the reporting person鈥檚 role on the GreyLion investment committee and specifies the funds holding the shares, which helps investors understand who controls voting rights.
TL;DR: Material aggregate stake reported indirectly, but the transaction itself is a non-sale RSU vesting with no proceeds realized.
The transaction code and $0 price indicate these were vested restricted stock units rather than an open-market purchase or sale. The report separates 26,025 shares acquired on vesting from the larger 7,686,442 shares held indirectly by funds managed by GreyLion Partners (5,785,182 and 1,665,148 shares attributed to two PWP Growth Equity funds). The filing does not show any sales or transfers to third parties; it documents internal allocation and control arrangements, which is informative for cap table and voting-power analysis but does not by itself represent liquidity or cash-flow activity.
Il direttore Gilbert L. Baird III ha comunicato il maturare di RSU e una riallocazione interna di partecipazioni in The AG真人官方AG真人官方, Inc. (REAL). Il 07/23/2025 ha acquisito 26,025 azioni (segnalate come acquisizione a prezzo $0, a indicare Restricted Stock Units maturate). Il deposito mostra una corrispondente partecipazione indiretta di 7,686,442 azioni tramite GreyLion, rappresentative delle azioni detenute per fondi gestiti da GreyLion Partners.
Il documento spiega che le 26,025 azioni sono RSU che maturano al primo fra un anno dalla concessione o immediatamente prima della prossima assemblea annuale, subordinatamente alla continuit脿 del servizio. Il dichiarante rinuncia alla titolarit脿 beneficiaria eccetto per il suo interesse pecuniario; i comitati di investimento di GreyLion, incluso il dichiarante, esercitano il controllo di voto e sugli investimenti per i fondi che detengono la maggiore partecipazione indiretta.
El director Gilbert L. Baird III notific贸 el vencimiento de RSU y una reasignaci贸n interna de participaciones en The AG真人官方AG真人官方, Inc. (REAL). El 07/23/2025 adquiri贸 26,025 acciones (registradas como adquisici贸n a precio $0, en reflejo de unidades restringidas que han vencido). La presentaci贸n muestra una tenencia indirecta correspondiente de 7,686,442 acciones a trav茅s de GreyLion, que corresponden a acciones mantenidas para fondos gestionados por GreyLion Partners.
La presentaci贸n explica que las 26,025 acciones son RSU que vencen en la fecha que ocurra antes entre un a帽o desde la concesi贸n o inmediatamente antes de la pr贸xima junta anual, condicionadas a la continuidad en el servicio. La persona informante renuncia a la titularidad beneficiaria salvo por su inter茅s pecuniario; los comit茅s de inversi贸n de GreyLion, incluido el informante, ejercen el control de voto y de inversi贸n sobre los fondos que poseen la mayor participaci贸n indirecta.
鞚挫偓 Gilbert L. Baird III電� The AG真人官方AG真人官方, Inc. (REAL)鞐愳劀 RSU鞚� 氩犾姢韺�(vesting)瓿� 雮措秬 氤挫湢 鞛鞍旃橂ゼ 氤搓碃頄堨姷雼堧嫟. 2025/07/23鞐� 攴鸽姅 26,025欤茧ゼ 旆摑頄堨溂氅�(旆摑 臧�瓴� $0搿� 氤搓碃霅橃柎 鞚措姅 甓岆Μ鞝滍暅欤检嫕雼渼(RSU)鞚� 氩犾姢韺呾潉 氚橃榿頃�), 鞝滌稖靹滊鞐愲姅 GreyLion鞚� 韱淀暣 氤挫湢頃� 臧勳爲 氤挫湢 歆�攵� 7,686,442欤缄皜 旮办灛霅橃柎 鞛堧姅雿� 鞚措姅 GreyLion Partners臧� 鞖挫毄頃橂姅 韼�霌滊ゼ 鞙勴暅 欤检嫕鞛呺媹雼�.
鞝滌稖靹滊鞐� 霐半ゴ氅� 26,025欤茧姅 攵�鞐澕搿滊秬韯� 1雲勳澊 霅橂姅 鞁滌爯 霕愲姅 雼れ潓 鞐半 欤检＜齑濏殞 歆侅爠 欷� 雿� 鞚措ジ 鞁滌爯鞐� 氩犾姢韺呺悩氅� 瓿勳啀 攴茧 臁瓣贝鞚� 鞝侅毄霅╇媹雼�. 氤搓碃鞛愲姅 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 靾橃澋鞝� 靻岇湢甓岇潉 攵�鞚疙晿瓿� 鞛堨溂氅�, GreyLion鞚� 韴瀽鞙勳洂須�(氤搓碃鞛愲ゼ 韽暔)電� 雿� 韥� 臧勳爲 歆�攵勳潉 氤挫湢頃� 韼�霌滊摛鞐� 雽�頃� 鞚橁舶甓� 氚� 韴瀽 韱奠牅甓岇潉 頄夓偓頃╇媹雼�.
Le administrateur Gilbert L. Baird III a d茅clar茅 le vesting d'RSU et une r茅allocation interne de participations chez The AG真人官方AG真人官方, Inc. (REAL). Le 07/23/2025, il a acquis 26,025 actions (d茅clar茅es comme une acquisition au prix de 0 $, refl茅tant des restricted stock units devenues acquises). Le dossier indique une participation indirecte correspondante de 7,686,442 actions via GreyLion, repr茅sentant des actions d茅tenues pour des fonds g茅r茅s par GreyLion Partners.
Le d茅p么t pr茅cise que les 26,025 actions sont des RSU qui deviennent acquises soit un an apr猫s l'attribution, soit imm茅diatement avant la prochaine assembl茅e g茅n茅rale annuelle, selon la date la plus rapproch茅e, sous r茅serve de la poursuite du service. La personne d茅clarant renonce 脿 la propri茅t茅 b茅n茅ficiaire 脿 l'exception de son int茅r锚t p茅cuniaire ; les comit茅s d'investissement de GreyLion, dont la personne d茅clarant, exercent le contr么le de vote et d'investissement pour les fonds d茅tenant la plus importante participation indirecte.
Direktor Gilbert L. Baird III meldete das Vesting von RSUs und eine interne Umschichtung von Beteiligungen bei The AG真人官方AG真人官方, Inc. (REAL). Am 07/23/2025 erwarb er 26,025 Aktien (als Erwerb zu $0 gemeldet, was auf ausge眉bte Restricted Stock Units hinweist). Die Meldung weist eine entsprechende indirekte Beteiligung von 7,686,442 Aktien 眉ber GreyLion aus, die Aktien f眉r von GreyLion Partners verwaltete Fonds repr盲sentieren.
Die Meldung erl盲utert, dass die 26,025 Aktien RSUs sind, die entweder ein Jahr nach der Gew盲hrung oder unmittelbar vor der n盲chsten Jahreshauptversammlung (je nachdem, was fr眉her eintritt) vesten, vorbehaltlich fortgesetzter Dienstzeit. Die meldende Person lehnt das wirtschaftliche Eigentum mit Ausnahme ihres geldwerten Interesses ab; die Anlageaussch眉sse von GreyLion, einschlie脽lich der meldenden Person, 眉ben Stimm- und Anlagekontrolle f眉r die Fonds aus, die die gr枚脽ere indirekte Beteiligung halten.
FAQ
What did Gilbert L. Baird III report on the Form 4 for REAL?
Were any shares sold by the reporting person in this filing for REAL?
What does the $0 price on the Form 4 indicate?
How many shares are held indirectly through GreyLion according to the filing?
Does the reporting person retain beneficial ownership of the shares held by GreyLion?
