Real Brokerage (REAX) files Form 144 for 12,000 restricted shares

Rhea-AI Filing Summary

Real Brokerage Inc (REAX) filed a Form 144 disclosing a proposed sale of 12,000 common shares through Morgan Stanley Smith Barney LLC on the NASDAQ with an aggregate market value of $51,624 and an approximate sale date of 08/12/2025. The shares were acquired as restricted stock from the issuer on 03/17/2024. The filing shows 208,121,000 shares outstanding for the issuer, and notes prior sales by VIKKI BARTHOLOMAE on 05/20/2025 of 2,751 and 7,249 shares for gross proceeds of $11,968.78 and $31,538.22 respectively. The filer attests there is no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR A small Rule 144 sale is disclosed; amounts are immaterial relative to outstanding shares.

The filing reports a proposed sale of 12,000 common shares valued at $51,624 against 208,121,000 shares outstanding, which represents a de minimis fraction of the company’s equity. The shares were restricted stock acquired 03/17/2024 and will be sold through Morgan Stanley Smith Barney LLC with an approximate sale date of 08/12/2025. Recent insider sales on 05/20/2025 totaled 10,000 shares for $43,507 in gross proceeds. From a market-impact perspective this disclosure is routine and unlikely to move valuation absent additional context.

Corporate Governance Expert

TL;DR Insider disposition follows Rule 144 procedures; disclosure and attestation are present.

The form shows compliance-oriented details: acquisition date, nature of acquisition as restricted stock, broker identification, and a seller attestation denying possession of undisclosed material adverse information. Prior sales by VIKKI BARTHOLOMAE are listed, which helps trace recent liquidity events. There is no indication of material governance issues or unusual arrangements in the filing itself. The disclosure appears standard for an insider or related party monetizing restricted shares.

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	12000	51624.00	208121000	08/12/2025	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	03/17/2024	Restricted Stock	ISSUER			12000	03/17/2024	Not Applicable

* 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
VIKKI BARTHOLOMAE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/20/2025	2751	11968.78
VIKKI BARTHOLOMAE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/20/2025	7249	31538.22

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 REAX Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 12,000 common shares through Morgan Stanley Smith Barney LLC with an approximate sale date of 08/12/2025 and an aggregate market value of $51,624.

When and how were the shares being sold acquired?

The securities to be sold were acquired on 03/17/2024 as restricted stock from the issuer, with the amount listed as 12,000 shares.

Does the filing show prior related sales by the same person?

Yes. The filing lists prior sales by VIKKI BARTHOLOMAE on 05/20/2025 of 2,751 and 7,249 shares for gross proceeds of $11,968.78 and $31,538.22 respectively.

How many shares does the issuer have outstanding according to the filing?

The filing reports 208,121,000 shares outstanding for the issuer.

What attestation does the filer make in the Form 144?

By signing, the person represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed and includes a standard criminal false-statement warning.