[144] Real Brokerage Inc SEC Filing

Rhea-AI Filing Summary

Real Brokerage Inc (REAX) Form 144 notice: An individual proposes to sell 10,000 shares of common stock through Morgan Stanley Smith Barney LLC on or about 09/19/2025. The filing reports an aggregate market value of $49,518.00 and states there are 209,300,000 shares outstanding, so the proposed sale represents approximately 0.0048% of outstanding shares. The shares were acquired as restricted stock from the issuer on 09/12/2025 with payment on that date. The filer reports no securities sold in the past three months and certifies they are unaware of any undisclosed material adverse information about the issuer.

Positive

• Use of a major broker (Morgan Stanley Smith Barney LLC) for the sale indicates an organized execution channel.
• Filer attests to no undisclosed material adverse information, as required by Rule 144.
• No securities sold in the past three months, simplifying aggregation under Rule 144.

Negative

• Securities are restricted stock, indicating transfer/holding constraints and potential resale limitations.
• Short holding period between acquisition (09/12/2025) and proposed sale (09/19/2025), which may affect transferability depending on applicable holding-period rules.

Insights

Financial Analyst

TL;DR: Proposed sale is small relative to outstanding shares and unlikely to affect market dynamics.

The filing discloses a sale of 10,000 common shares valued at $49,518 to be executed through a major brokerage on 09/19/2025. The shares were issued as restricted stock on 09/12/2025 and were paid for on that date. Given the stated 209.3 million shares outstanding, the transaction equals roughly 0.0048% of float, indicating negligible dilution or market impact. The filer also confirms no sales in the prior three months and attests to lack of undisclosed material adverse information, which is standard for Rule 144 notices.

Corporate Governance Expert

TL;DR: Disclosure follows Rule 144 protocol; restricted stock origin and broker use are notable compliance details.

The notice identifies the securities as restricted stock acquired from the issuer on 09/12/2025, which triggers the Rule 144 filing when resale is proposed. Use of Morgan Stanley Smith Barney LLC provides an established execution channel. The statement that no material nonpublic information is known aligns with required certifications. There are no prior sales reported in the past three months, simplifying aggregation rules. Overall, documentation appears compliant with standard Rule 144 disclosure practices.

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	10000	49518.00	209300000	09/19/2025	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	09/12/2025	Restricted Stock	Issuer			10000	09/12/2025	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

Nothing to Report

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 shares does the REAX Form 144 propose to sell?

10,000 shares of Real Brokerage Inc common stock.

When is the proposed sale date for the REAX Form 144 filing?

The approximate sale date is 09/19/2025.

Who is the broker handling the REAX sale?

The broker listed is Morgan Stanley Smith Barney LLC.

How were the shares acquired according to the filing?

The shares were acquired as restricted stock from the issuer on 09/12/2025 with payment on that date.

What is the aggregate market value reported for the shares?

The filing reports an aggregate market value of $49,518.00.

Has the filer sold other REAX securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.