Summary by Moomoo AI
Swaminathan Balaji, associated with reAlpha Tech Corp. (ticker: AIRE.US), was granted 49,505 shares of common stock on May 16, 2024. The transaction, which was completed on the same day, involved shares with a transaction price of $0.00, indicating that the shares were likely awarded as part of a compensation package or incentive plan. Following the transaction, Balaji's direct holdings in the company amount to a total of 49,505 shares. The nature of the shares suggests that this grant is intended to align Balaji's interests with those of the shareholders and potentially serves as a long-term incentive.