reAlpha Tech Corp. terminated Piyush Phadke as Chief Financial Officer effective February 25, 2026, and entered into a Separation Agreement dated March 16, 2026, providing a severance cash payment of $45,833.32 and acceleration of vesting for 82,539 restricted stock units into common shares. All other unvested equity awards held by Mr. Phadke were forfeited.
Key takeaways
Piyush Phadke terminated as Chief Financial Officer effective February 25, 2026
Separation Agreement dated March 16, 2026 includes general release, confidentiality, and non-disparagement
Severance payment of $45,833.32 (two months base salary) payable starting March 31, 2026 over two months
Acceleration of 82,539 RSUs granted April 30, 2025 under 2022 Equity Incentive Plan
RSUs to be settled with 82,539 common shares within 60 calendar days of release effective date
All other unvested RSUs and equity awards forfeited as of separation date