X0306 4 2019-06-06 0 0001581091 RE/MAX Holdings, Inc. RMAX 0001586490 Liniger Gail A. 5075 S. SYRACUSE ST. DENVER CO 80237 1 0 1 0 Class A Common Stock 2019-06-06 4 P 0 42093 31.35 A 165004 I By Spouse Class A Common Stock 2019-06-06 4 P 0 4487 32.45 A 169491 I By Spouse Class A Common Stock 2019-06-07 4 P 0 15845 31.66 A 185336 I By Spouse Class A Common Stock 2019-06-07 4 P 0 31655 32.21 A 216991 I By Spouse Class A Common Stock 2019-06-10 4 P 0 46720 31.76 A 263711 I By Spouse Common Units of RMCO, LLC Class A Common Stock of RE/MAX Holdings, Inc. 12559600 12559600 I By RIHI, Inc. The reported price represents the weighted average sale price of multiple sales on the same day at prices ranging from $31.09 to $31.93. The reporting person hereby undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The reported price represents the weighted average sale price of multiple sales on the same day at prices ranging from $32.13 to $32.90. The reporting person hereby undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The reported price represents the weighted average sale price of multiple sales on the same day at prices ranging from $31.21 to $31.99. The reporting person hereby undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The reported price represents the weighted average sale price of multiple sales on the same day at prices ranging from $32.01 to $32.37. The reporting person hereby undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The reported price represents the weighted average sale price of multiple sales on the same day at prices ranging from $31.40 to $32.33. The reporting person hereby undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. 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. Gail Liniger and her husband, David Liniger, have dispositive, voting and investment control over such common units of RMCO, LLC. /s/ Mark Rohr, as Attorney-in-Fact 2019-06-10