Real Brokerage (REAX) Insider Sales Continue; 180,416 Shares Proposed for 09/17/2025

Rhea-AI Filing Summary

Insider sale notice for Real Brokerage Inc (REAX). The filer reported a proposed sale of 180,416 common shares through Morgan Stanley Smith Barney on 09/17/2025 on NASDAQ with an aggregate market value of $928,836.68. The shares were acquired the same day via stock option exercise and paid in cash. The filing shows an extensive sequence of recent insider sales by Tamir Poleg between 06/18/2025 and 09/16/2025, including multiple transactions (examples: 312,500 shares for $1,578,218.75 on 08/25/2025 and 194,098 shares for $1,040,989.20 on 08/29/2025). The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Transaction transparency: The filing clearly discloses the number of shares, acquisition method, broker, sale date, and aggregate value.
• Immediate payment in cash: The securities to be sold were acquired by stock option exercise and paid in cash, simplifying consideration disclosure.

Negative

• Substantial insider selling: Multiple large sales by Tamir Poleg between 06/18/2025 and 09/16/2025, including transactions with proceeds over $1 million, may be viewed negatively by some investors.
• Concentration of disposals: The frequency and size of recent sales by the same insider could raise questions about insider liquidity needs or sentiment.

Insights

Securities Analyst

TL;DR: Multiple recent insider sales and a new proposed sale of 180,416 shares may be materially relevant to investors.

The filing records a proposed sale of 180,416 shares (aggregate value $928,836.68) acquired by exercise on the same day, using Morgan Stanley Smith Barney to transact on NASDAQ. The record also lists a sustained pattern of insider sales by Tamir Poleg across June–September 2025 with several large transactions exceeding six figures in proceeds. For investors, repeated insider sales can be a signal to investigate context—whether routine option exercises, diversification, or other causes—though the filing itself states the seller is unaware of undisclosed material adverse information.

Corporate Governance Expert

TL;DR: The filing documents option exercise followed by planned market sales and extensive prior disposals by an insider.

The reported acquisition method is a stock option exercise with immediate planned sale, a common liquidity action for insiders. The filing complies with Rule 144 disclosure requirements and includes the seller's attestation about material information. The history of multiple large disposals by the same individual over a short period is noteworthy for governance review and may warrant scrutiny of any trading plans or 10b5-1 arrangements, although none are explicitly stated in this notice.

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	180416	928836.68	209300000	09/17/2025	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	09/17/2025	Stock Option Exercise	Issuer			180416	09/17/2025	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	09/16/2025	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
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	124377	499810.80

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 did the REAX Form 144 report?

The Form 144 reports a proposed sale of 180,416 common shares on 09/17/2025 via Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $928,836.68.

How were the shares being sold acquired?

The shares were acquired by stock option exercise on 09/17/2025 and paid for in cash, per the filing.

Who has been selling shares recently for REAX?

The filing lists multiple recent sales by Tamir Poleg between 06/18/2025 and 09/16/2025, including large transactions such as 312,500 shares for $1,578,218.75 on 08/25/2025.

Does the filing state any undisclosed material information?

The seller represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.

Which broker is handling the proposed sale?

The proposed sale is to be handled by Morgan Stanley Smith Barney LLC, Executive Financial Services.