[144] Real Brokerage Inc SEC Filing

Rhea-AI Filing Summary

Real Brokerage Inc (REAX) notice reports a proposed sale of 7,606 common shares acquired as Restricted Stock Units on 09/13/2025. The filing names Morgan Stanley Smith Barney LLC as the broker and lists an aggregate market value of $38,714.54 for the shares, with an approximate sale date of 09/16/2025 on NASDAQ. The form states total shares outstanding of 209,300,000, making the proposed sale a very small fraction of the company’s outstanding equity.

The filing also discloses prior Rule 10b5-1 sales for the same account: 43,048 shares sold on 08/25/2025 for gross proceeds of $215,270.13. The seller represents compliance with Rule 144 and affirms no undisclosed material adverse information. The securities were acquired from the issuer as RSUs and paid on the acquisition date 09/13/2025.

Positive

• Transaction is immaterial relative to the 209,300,000 shares outstanding, implying negligible market impact
• Broker and sale details provided (Morgan Stanley Smith Barney LLC, NASDAQ), supporting transparency
• Prior 10b5-1 sales disclosed, indicating use of preplanned trading arrangements

Negative

• None.

Insights

Financial Analyst

TL;DR: Proposed sale is immaterial relative to outstanding shares and follows RSU vesting; prior 10b5-1 sales also small.

The proposed sale of 7,606 shares valued at $38,714.54 equals roughly 0.0036% of the 209.3 million shares outstanding, indicating negligible dilution or market impact. The shares originate from Restricted Stock Units vested on 09/13/2025, a routine executive compensation outcome rather than an operational signal. The earlier 10b5-1 sale of 43,048 shares on 08/25/2025 for $215,270.13 suggests ongoing pre-planned dispositions rather than ad hoc large-scale liquidation. Overall, these amounts are immaterial to company valuation but informative about insider liquidity events.

Compliance/Risk Analyst

TL;DR: Filing appears procedurally standard and includes 10b5-1 disclosure and required representations.

The form names the executing broker and specifies acquisition as RSUs from the issuer with acquisition and payment on 09/13/2025, and it references the seller’s representation about absence of undisclosed material information. Prior 10b5-1 sales are disclosed, which supports compliance with planned trading frameworks. No indications of missing attestations or unusual payment arrangements are present in the provided text. The filing follows procedural requirements for Rule 144 notices.

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	7606	38714.54	209300000	09/16/2025	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	09/13/2025	Restricted Stock Units	Issuer			7606	09/13/2025	N/A

* 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
10b5-1 Sales for JENNA MARIE ROZENBLAT 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/25/2025	43048	215270.13

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 shares of REAX are proposed for sale in this Form 144?

The filing proposes sale of 7,606 common shares acquired as Restricted Stock Units on 09/13/2025.

What is the aggregate market value and approximate sale date for the proposed REAX sale?

Aggregate market value is reported as $38,714.54 with an approximate sale date of 09/16/2025 on NASDAQ.

Who is the executing broker named in the REAX Form 144?

The broker listed is Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza, New York, NY).

Were there any recent sales by the same account disclosed?

Yes; a Rule 10b5-1 sale of 43,048 shares occurred on 08/25/2025 for gross proceeds of $215,270.13.

How material is this proposed sale relative to REAX’s outstanding shares?

The proposed 7,606-share sale represents a very small fraction of the 209,300,000 shares outstanding, indicating minimal market impact.