Summary by Moomoo AI
Rakesh Prasad, the Interim Chief Financial Officer of reAlpha Tech, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as per Form 3. The filing, dated 10/18/2024, indicates that Prasad directly owns 276,374 shares of common stock and indirectly owns 99 shares through his spouse. The document, which is a requirement under Section 16(a) of the Securities Exchange Act of 1934, provides transparency into the ownership stakes of company insiders. The filing also serves as a standard procedure for new officers and is not indicative of any immediate changes in the company's operations or ownership structure.