[144] REAL BROKERAGE INC SEC Filing

Rhea-AI Filing Summary

Real Brokerage Inc. (REAX) filed a Form 144 indicating that shareholder Guy Gamzu intends to sell up to 10,000 common shares through Oppenheimer & Co. on or about 07 Aug 2025. The proposed sale is valued at roughly $41,100 and represents an immaterial 0.005 % of the company’s ≈ 202.5 million shares outstanding.

Gamzu originally acquired the stock in a 13 Jun 2014 private placement and has already disposed of 166,668 shares for $751,823 during the last three months. The filer certifies that no undisclosed material adverse information is known. A Form 144 is a notice of intent; actual sales are subject to Rule 144 volume, manner-of-sale and timing limitations.

Positive

• None.

Negative

• Insider selling continues: 10,000 additional shares filed for sale after 166,668 shares sold in the prior three months, potentially signaling reduced insider conviction.

Insights

Equity Analyst

TL;DR: Tiny insider sale (0.005 % float); neutral on valuation, mildly negative optics.

The proposed 10 k-share sale equates to just $41 k in value and an immaterial fraction of REAX’s float. From a liquidity and earnings perspective, the transaction has no fundamental impact. However, continued dispositions—166 k shares already sold this quarter—may create modest headline pressure and feed narrative of insider profit-taking. Overall, I view the filing as neutral to valuation and price trajectory.

Corporate Governance Specialist

TL;DR: Routine Rule 144 compliance; governance risk unchanged.

Form 144 filings are procedural for affiliates seeking liquidity. The seller’s certification of no undisclosed information, coupled with the small size of the sale, mitigates governance concerns. The prior 10b5-1-style activity appears orderly. Unless cumulative sales accelerate or larger insiders join, no elevated governance red flag exists.

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	10000	41100.00	202499045	08/07/2025	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	06/13/2014	Private Placement	Issuer			2520750	06/13/2014	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

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

Why did Real Brokerage (REAX) file Form 144?

To notify the SEC that shareholder Guy Gamzu intends to sell up to 10,000 REAX common shares under Rule 144.

How many REAX shares are being sold and what is the value?

The notice covers 10,000 shares valued at approximately $41,100 based on the market price at filing.

What percentage of Real Brokerage’s outstanding shares does 10,000 represent?

Roughly 0.005 % of the company’s ~202.5 million shares outstanding.

Has the seller disposed of REAX shares recently?

Yes. In the last three months, 166,668 shares were sold for $751,823 in gross proceeds.

When were the shares originally acquired?

They were purchased in a private placement on 13 Jun 2014 for cash.

Does this Form 144 guarantee the sale will occur?

No. It is a notice of intent. Actual sales must still comply with Rule 144 volume and timing limits and market conditions.