RE/MAX Holdings Shares Delisted from NYSE After Exchange Filing

What happened

On August 25, 2026, the New York Stock Exchange filed a Form 25 with the U.S. Securities and Exchange Commission to remove RE/MAX Holdings, Inc.'s Class A common stock from listing and registration. The filing, dated the same day, cites the exchange's rules and was signed by an NYSE official.

RE/MAX Holdings, Inc. is a real estate company based in Denver, Colorado, that franchises real estate brokerage services. Its Class A common stock trades under the ticker RMAX.

On the delisting date, shares of RMAX closed at $12.36, down 9.25% from the previous close of $13.62. Trading volume was approximately 2.57 million shares, more than six times the average volume of about 412,000 shares.

The filing

The Form 25, officially titled 'Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934,' was filed by the NYSE, not by the company. The form designates the class of securities as 'Class A common stock' and indicates the exchange has complied with its rules to strike the security from listing.

The filing specifies rule 17 CFR 240.12d2-2(b), meaning the exchange initiated the delisting. The form does not state the reason for the delisting, and the provided sources do not explain why the exchange took this action.

What this means

A Form 25 is the standard regulatory filing used to remove a security from an exchange's listing. It can be filed by the exchange or the company. In this case, the NYSE filed it, which typically signals that the exchange is delisting the stock—often due to failure to meet listing standards, such as minimum share price or financial requirements, though the filing itself does not specify the cause.

For shareholders, delisting means the stock will no longer trade on the NYSE. Trading may move to over-the-counter markets, such as the OTCQX or OTC Pink, depending on the company's actions. The company is not automatically required to keep trading, and future trading venues or terms are not specified in the filing.

The sharp price drop and high volume on the delisting date suggest investors reacted to the news, but the filing does not provide a specific reason for the decline beyond the delisting event.