Real Brokerage (REAX) Insider Sells 73,334 Shares Via Oppenheimer

Rhea-AI Filing Summary

Real Brokerage Inc. (REAX) Form 144 reports a proposed sale of 73,334 common shares through Oppenheimer & Co., with an aggregate market value of $316,069.54. The filing lists 202,499,045 shares outstanding, so the proposed block represents a very small fraction of the total equity. The shares were originally acquired in a private placement on 06/30/2014 when the filer received 2,520,750 shares. The notice also discloses recent sales by the same person: 166,668 shares sold for $751,822.68 on 06/27/2025 and 2,400 shares sold for $10,851.12 on 08/07/2025. The form states the seller represents no undisclosed material adverse information about the issuer.

Positive

• None.

Negative

• Insider sales disclosed: prior sales of 166,668 shares (gross proceeds $751,822.68) and 2,400 shares (gross proceeds $10,851.12) and a proposed sale of 73,334 shares ($316,069.54).
• Concentration from original placement: the filer acquired 2,520,750 shares in a private placement on 06/30/2014, indicating the sales are sourced from a previously large private allocation.

Insights

Securities Analyst

TL;DR: Insider sales disclosed but size is immaterial relative to outstanding shares.

The filing shows a proposed sale of 73,334 common shares valued at $316,069.54 against 202,499,045 shares outstanding, representing roughly 0.04% of outstanding stock. Prior sales by the same person totaled 169,068 shares in the recent period for gross proceeds of about $762,673.80. From a market-impact perspective, the disclosed transactions are small versus the companys capitalization and are unlikely to materially affect liquidity or share price on their own.

Corporate Governance Expert

TL;DR: Continued insider selling merits monitoring but presents no immediate governance red flag in this filing.

The form identifies the seller as Gamzu Guy and records acquisition via a private placement on 06/30/2014 of 2,520,750 shares, indicating long-term holding prior to recent dispositions. The sellers representation that no undisclosed material adverse information exists is standard. While repeated sales by an insider can prompt investor questions about alignment, this filing alone provides only disclosure of transactions without additional governance concerns or remedial actions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Oppenheimer & Co. Inc. 85 Broad St. New York NY 10004	73334	316069.54	202499045	08/13/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/30/2014	Private Placemenr	Issuer			2520750	06/30/2014	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Gamzu Guy 701 BRICKELL AVENUE, 17TH FLOOR MIAMI FL 33131	Common	06/27/2025	166668	751822.68
Gamzu Guy 701 BRICKELL AVENUE, 17TH FLOOR MIAMI FL 33131	Common	08/07/2025	2400	10851.12

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for REAX disclose about the proposed sale?

The form discloses a proposed sale of 73,334 common shares through Oppenheimer with an aggregate market value of $316,069.54 and an approximate sale date of 08/13/2025.

How many shares does the filer originally hold from the private placement?

The filer acquired 2,520,750 shares in a private placement on 06/30/2014 according to the filing.

What recent sales by the filer are listed on the form?

The filing lists sales of 166,668 shares for $751,822.68 on 06/27/2025 and 2,400 shares for $10,851.12 on 08/07/2025.

What broker is handling the proposed sale?

The broker named on the form is Oppenheimer & Co. Inc., located at 85 Broad St, New York, NY.

How large is the proposed sale relative to shares outstanding?

The proposed 73,334 shares compare to 202,499,045 shares outstanding, representing a very small percentage of total shares.