Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-25

reAlpha Tech (AIRE)

CEO Michael Logozzo was paid $650,532 in fiscal year 2025, ↑ up 160.2% from fiscal year 2024 (SEC filing 0001213900-26-103529 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$669,254
Giri Devanur total, FY2025
Executive Chairman (former Chief Executive Officer) — highest-paid officer; CEO Michael Logozzo: $650,532
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CEO (Michael Logozzo) pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Michael Logozzo (Chief Executive Officer and Interim Chief Operating Officer (former President and Chief Operating Officer)), FY2025 total compensation $650,532 (base salary $263,288) [exec_comp, SEC accession 0001213900-26-103529, filed 2026-09-25]

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AIRE's next annual pay disclosure, estimated September 25, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Giri Devanur$250,000—$317,129———$18,750$669,254
Executive Chairman (former Chief Executive Officer)
Michael Logozzo263,288—298,387————650,532
Chief Executive Officer and Interim Chief Operating Officer (former President and Chief Operating Officer)
Piyush Phadke235,417—302,474————537,891
Former Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Giri Devanur$669,254$275,000—↑ +394,254
Michael Logozzo650,532250,000—↑ +400,532
Piyush Phadke537,891———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against AIRE
No companies currently name AIRE as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael LogozzoRSU22,938—$239,129
Piyush PhadkeRSU23,215—242,016
Giri DevanurRSU23,724—247,323
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation committee established the STIP to drive revenue growth and profitability, help focus key employees on building stockholder value, provide significant award potential for achieving outstanding performance, and enhance the company's ability to attract and retain highly talented individuals. Equity awards are designed to foster an ownership mentality in executives and align the value of a significant component of executive compensation to the value realized by stockholders.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultant—
Clawback policyThe Company has adopted a compensation recovery policy (Clawback Policy) to comply with mandatory compensation clawback requirements under Nasdaq rules. In the event of certain accounting restatements, the Company will recover erroneously received incentive-based compensation from executive officers. The compensation committee has discretion to make certain exceptions when permitted by Nasdaq rules.
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-08—————
20242024-12-13—————

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-10-08—a
20242024-12-13—b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dimitrios AngelisIndependent · Audit$18,750$6,250———$25,000
Brian ColeNot standing for re-election18,7506,250———25,000
Monaz KarkariaNot standing for re-election18,7506,250———25,000
Giri DevanurEmployee director · Board Chair18,7506,250———25,000
Balaji SwaminathanIndependent · Audit (Chair)18,7506,250———25,000
Michael J. LogozzoEmployee director00———0
Prabhu AntonyIndependent · Audit · Newly elected00———0
09

Board fee structure and ownership guideline

Annual cash retainer$25,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$93,750
Equity awards (grant-date value)$31,250
All other compensation$0
Total cost of the board$125,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1reAlpha Tech2025Michael Logozzo$263,288$298,387——$650,532

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at reAlpha Tech in fiscal 2025?
As disclosed, Giri Devanur (Executive Chairman (former Chief Executive Officer)) was the highest-paid executive at reAlpha Tech in fiscal 2025, with total compensation of $669,254.
How much does reAlpha Tech spend in total on board compensation for fiscal 2025?
As disclosed, reAlpha Tech reported total board compensation of $125,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Giri DevanurDEF 14A2026-09-250001213900-26-103529Section “Executive Compensation”. As printed: 669,254. Filing ↗
2Section 01, Michael LogozzoDEF 14A2026-09-250001213900-26-103529Section “Executive Compensation”. As printed: 650,532. Filing ↗
3Section 01, Piyush PhadkeDEF 14A2026-09-250001213900-26-103529Section “Executive Compensation”. As printed: 537,891. Filing ↗
4Section 08, Dimitrios AngelisDEF 14A——Section “Director Compensation”. As printed: 25,000.
5Section 08, Brian ColeDEF 14A2026-09-250001213900-26-103529Section “Director Compensation”. As printed: 25,000. Filing ↗machine: span 465995–466337
6Section 08, Monaz KarkariaDEF 14A2026-09-250001213900-26-103529Section “Director Compensation”. As printed: 25,000. Filing ↗machine: span 461404–461746
7Section 08, Giri DevanurDEF 14A——Section “Director Compensation”. As printed: 25,000.
8Section 08, Balaji SwaminathanDEF 14A——Section “Director Compensation”. As printed: 25,000.
9Section 08, Michael J. LogozzoDEF 14A——Section “Director Compensation”. As printed: 0.
10Section 08, Prabhu AntonyDEF 14A——Section “Director Compensation”. As printed: 0.
11Section 06, 2025 voteForm 8-K2025-10-090001213900-25-097814Item 5.07 · say-on-pay result. As reported: —. Filing ↗
12Section 06, 2024 voteForm 8-K2024-12-160001213900-24-109404Item 5.07 · say-on-pay result. As reported: —. Filing ↗
13Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)Computed——Cash 93,750 + equity 31,250 + all other 0 = 125,000, summed across the director compensation table rows.machine: formula: Σ = 125,000
15reAlpha Tech (subject), Section 10b CEO totalDEF 14A2026-09-250001213900-26-103529CEO total compensation as printed in reAlpha Tech's own proxy. As printed: 650,532. Filing ↗

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