Real Brokerage (REAX) Form 144: Laurence Rose Discloses Recent Insider Sales

Rhea-AI Filing Summary

Form 144 filed for Real Brokerage Inc (REAX) reports a proposed sale of 1,219 common shares through Morgan Stanley Smith Barney with an aggregate market value of $6,107.19, to be sold on 09/18/2025 on NASDAQ. The shares were acquired the same day via stock option exercise and paid in cash. The filer, Laurence Rose, also disclosed two prior sales within the past three months: 151,596 shares on 08/12/2025 for $635,650.00 and 50,000 shares on 06/23/2025 for $200,264.00. The notice includes the required representation that no undisclosed material adverse information is known.

Positive

• Compliance disclosure filed for proposed sale under Rule 144 with broker and execution details
• Prior sales disclosed for the past three months, showing transparency of insider transactions

Negative

• Significant insider sales disclosed in the past three months (151,596 and 50,000 shares) which may be material to holders
• Form lacks issuer financial or contextual information beyond the sales and acquisition details

Insights

Securities Analyst

TL;DR: Insider intends to sell 1,219 shares acquired via option exercise; recent large insider sales are disclosed.

The filing documents a routine Rule 144 notice for the sale of 1,219 shares acquired by stock option exercise and paid for in cash, with a nominal aggregate value of $6,107.19 scheduled on 09/18/2025. Material context provided by the filer shows significant dispositions in the prior three months: 151,596 shares and 50,000 shares, with gross proceeds listed. From a reporting perspective, the form appears complete for the proposed sale and prior sales disclosure; it meets the procedural requirements of Rule 144.

Corporate Governance Expert

TL;DR: Filing is a compliance disclosure of insider sales; prior large sales are documented but no additional corporate details are provided.

The document provides the necessary attestations and signature notice required under Rule 144. It specifies the relationship of the seller and identifies the broker and execution venue. The filing does not include any statement of undisclosed material adverse information by the filer. No governance actions, policy changes, or additional issuer-specific information are included in this notice.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1219	6107.19	209300000	09/18/2025	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	09/18/2025	Stock Option Exercise	Issuer			1219	09/18/2025	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
LAURENCE ROSE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	151596	635650.00
LAURENCE ROSE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/23/2025	50000	200264.00

144: Remarks and Signature

Remarks

Date of Notice

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 Real Brokerage Inc (REAX) disclose?

The filing discloses a proposed sale of 1,219 common shares valued at $6,107.19, acquired by stock option exercise and to be sold on 09/18/2025 on NASDAQ.

Who is the filer and what prior sales are reported in the Form 144?

The filer is Laurence Rose; prior reported sales include 151,596 shares on 08/12/2025 for $635,650.00 and 50,000 shares on 06/23/2025 for $200,264.00.

How were the 1,219 shares acquired according to the filing?

The shares were acquired on 09/18/2025 through a stock option exercise from the issuer and paid for in cash on the same date.

Which broker and exchange are listed for the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services and the exchange is NASDAQ.

Does the filing state whether the filer knows of any undisclosed material information?

Yes, the filer represents by signing the notice that they do not know any material adverse information regarding the issuer that has not been publicly disclosed.