[144] REAL BROKERAGE INC SEC Filing

Rhea-AI Filing Summary

Form 144 notice for REAL BROKERAGE INC (REAX) filed reporting a proposed sale of 100,000 common shares through J.P. Morgan Securities LLC on Nasdaq with an aggregate market value of $513,000. The shares were acquired on 06/05/2020 in a private investment from the issuer and paid in cash. The filing lists three recent sales by the same seller, Larry Klane, totaling 200,000 shares during August 2025 for aggregate gross proceeds of $672,340 across the three transactions. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Full compliance with Rule 144 disclosure requirements including broker, planned sale date, and acquisition details
• Clear acquisition history showing private investment from issuer on 06/05/2020 and cash payment

Negative

• Insider selling activity is ongoing: three August 2025 sales totaling 200,000 shares and an additional proposed sale of 100,000 shares
• Concentration of sales in a short period (multiple transactions in August 2025) could be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Insider is continuing to sell stock via registered broker; transaction details and historical August sales are fully disclosed.

The filing documents a proposed sale of 100,000 common shares through J.P. Morgan Securities with an aggregate market value of $513,000. Acquisition data show the shares were purchased in a private placement from the issuer on 06/05/2020 and paid in cash, which clarifies cost basis timing. The seller, identified as Larry Klane, completed three August 2025 sales totaling 200,000 shares and reported gross proceeds for each trade. From a market-impact perspective, the filing is routine disclosure under Rule 144 and provides clear transactional history that allows investors to track insider disposition.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 requirements; repeated August sales suggest active disposition but filing contains required representations.

The notice includes the standard attestations about absence of material nonpublic information and documents the broker, planned sale date (08/27/2025), and the securities' acquisition origin (private investment from issuer). The inclusion of three recent sales in August 2025 provides context on the seller's recent trading activity. As a governance matter, the filing is complete in form and supports transparency into insider selling activity.

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	J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017	100000	513000	202499045	08/27/2025	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	06/05/2020	Private investment	Issuer			100000	06/05/2020	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
Larry Klane Care of The Real Brokerage Inc 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/11/2025	100000	403610
Larry Klane Care of The Real Brokerage Inc 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/22/2025	75000	148127.5
Larry Klane Care of The Real Brokerage Inc 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/25/2025	25000	120602.5

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 REAX report?

The filing reports a proposed sale of 100,000 common shares through J.P. Morgan Securities with an aggregate market value of $513,000 and a planned approximate sale date of 08/27/2025.

Who is the seller named in the Form 144 for REAX?

The seller is identified as Larry Klane, care of The Real Brokerage Inc at the address provided in the filing.

When and how were the shares being sold acquired?

The 100,000 shares were acquired on 06/05/2020 in a private investment from the issuer and payment was in cash.

Has the seller recently sold other REAX shares?

Yes. The filing discloses three sales in August 2025: 08/11/2025 – 100,000 shares ($403,610), 08/22/2025 – 75,000 shares ($148,127.50), and 08/25/2025 – 25,000 shares ($120,602.50).

On which exchange will the proposed REAX sale occur?

The proposed sale is reported to be on Nasdaq.