Real Brokerage (REAX) Form 144: Tamir Poleg Proposed Sale and Recent Insider Sales

Rhea-AI Filing Summary

Form 144 notice for Real Brokerage Inc (REAX) reports that a person named Tamir Poleg intends to sell 100 common shares through Morgan Stanley Smith Barney on 09/18/2025, with an aggregate market value listed as $515.50 and the securities exchange as NASDAQ. The shares were acquired the same day by stock option exercise and paid in cash. The filing also lists numerous prior sales by Tamir Poleg during June–September 2025, including large blocks such as 125,000 shares on 09/02/2025 and 312,500 shares on 08/25/2025, with corresponding gross proceeds shown. The filer certifies no undisclosed material adverse information.

Positive

• Filing complies with Rule 144 disclosure elements, including broker, acquisition method, payment, and seller attestation
• Acquisition and sale are documented (stock option exercise and same-day sale), providing transparency
• Broker-dealer identified (Morgan Stanley Smith Barney LLC), indicating orderly execution through a registered intermediary

Negative

• Extensive prior insider sales documented over June–September 2025, including large blocks (e.g., 125,000 and 312,500 shares), which may indicate significant insider liquidity
• Concentration of recent sales by the same person across short period could be viewed unfavorably by some investors

Insights

Securities Analyst

TL;DR: Insider filing shows ongoing disposition of large share blocks; current notice is small but follows extensive prior sales.

The Form 144 documents a proposed sale of 100 shares acquired by same-day option exercise and a sequence of substantial sales by the same person over recent months. While the notice itself covers a very small parcel (100 shares, $515.50), the disclosed historic transactions include multiple large sales (including 125,000 and 312,500 share entries). For investors, the pattern indicates an insider monetizing holdings; the immediate economic impact of this particular 100-share sale is negligible, but the broader selling activity is notable.

Corporate Governance Expert

TL;DR: Filing appears procedurally complete and includes required seller attestations; large recent insider sales are documented.

The notice includes acquisition details (stock option exercise on 09/18/2025), broker identification, planned sale date and exchange, and the seller's written representation about material information. The signature/attestation language is present. This satisfies Rule 144 disclosure elements; the record of substantial prior dispositions signals active insider liquidity management rather than a single anomalous transaction.

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

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	100	515.50	209300000	09/18/2025	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	09/18/2025	Stock Option Exercise	Issuer			100	09/18/2025	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
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/17/2025	180416	928836.68
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/16/2025	4391	22400.69
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/15/2025	29519	150050.98
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/05/2025	9223	49695.37
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/02/2025	125000	653300.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/29/2025	194098	1040989.20
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/27/2025	67160	359289.82
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/25/2025	312500	1578218.75
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/22/2025	175105	813702.43
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/19/2025	36132	165874.46
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/18/2025	131172	595277.62
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/15/2025	7591	34159.50
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/13/2025	50000	223650.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/13/2025	96490	434793.59
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	212037	906127.88
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/11/2025	87963	363285.38
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/07/2025	8310	37493.89
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	07/01/2025	20200	91156.54
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/27/2025	62500	283231.25
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/23/2025	140000	561162.00

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 filed by Tamir Poleg report?

The notice reports a proposed sale of 100 common sharesstock option exercise on 09/18/2025, to be sold through Morgan Stanley Smith Barney on NASDAQ, with an aggregate market value of $515.50.

How were the 100 shares acquired according to the filing?

The filing states the shares were acquired on 09/18/2025 via a stock option exercise, and payment was made in cash.

Does the Form 144 show prior sales by the same person?

Yes. The filing lists multiple prior sales by Tamir Poleg during June–September 2025, including transactions on 09/02/2025 (125,000 shares) and 08/25/2025 (312,500 shares) with gross proceeds reported.

Which broker is named for the proposed sale in the filing?

The broker named is Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, New York, NY.

What certification does the seller provide in the Form 144?

The seller represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed and references Rule 10b5-1 treatment if applicable.