Transaction Details

Footnotes

The reporting person transferred shares to the Amended and Restated ADAOSTrust for no consideration. | The reporting person received shares as a beneficiary of a relative's estate. | Pursuant to the terms of the Fourth Amended and Restated RMCO, LLC Agreement, common units of RMCO, LLC are redeemable, at the election of the holder, for, at RE/MAX Holdings, Inc.'s option, newly issued shares of Class A common stock of RE/MAX Holdings, Inc. on a one-for-one basis or a cash payment equal to the market price of one share of Class A common stock (subject to customary adjustments, including conversion rate adjustments, underwriting discounts, commissions and adjustments for stock splits, stock dividends and reclassifications). | Represents securities owned by RIHI, Inc. David Liniger and his wife, Gail Liniger, have dispositive, voting and investment control over such common units of RMCO, LLC.