Real Brokerage (REAX) Files Form 144 for 20,986 Restricted Shares

Rhea-AI Filing Summary

Real Brokerage Inc (REAX) filed a Form 144 reporting a proposed sale of 20,986 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $94,529.34. The filing shows approximately 208,121,000 shares outstanding and lists an approximate sale date of 08/14/2025 on NASDAQ. The shares to be sold were acquired as restricted stock from the issuer on 03/13/2025 (4,959 shares) and 06/13/2025 (16,027 shares). No securities were reported sold by the seller in the past three months. The filer affirms no undisclosed material adverse information in the issuer's operations.

Positive

• Broker identified as Morgan Stanley Smith Barney LLC which supports orderly execution and compliance
• Acquisition history disclosed with specific dates and nature (restricted stock), aiding transparency
• No sales in past three months reported, indicating this is not part of frequent trading activity

Negative

• None material — the proposed sale size is small relative to 208,121,000 outstanding shares

Insights

Securities Analyst

TL;DR: Small insider sale relative to outstanding shares, limited immediate market impact but signals issuer-issued restricted stock being distributed.

The filing documents a proposed sale of 20,986 restricted shares valued at $94,529.34. Versus the reported 208,121,000 shares outstanding, this is immaterial from a dilution or float perspective. The shares were recently acquired from the issuer on two dates in 2025, indicating vesting or issuance events rather than open-market purchases. The absence of sales in the prior three months suggests this is a first disposal since acquisition. Impact on valuation or liquidity is negligible based solely on disclosed facts.

Corporate Governance Expert

TL;DR: Routine insider disposition disclosure; compliance with Rule 144 is demonstrated with broker details and acquisition history.

The form includes broker identification and precise acquisition dates, which aligns with disclosure expectations for insiders selling restricted stock under Rule 144. The filer’s attestation that no material nonpublic information is known is present as required. There is no indication of plan-based trading instructions or prior transactions in the last three months disclosed in this filing. Based only on the form, this is a standard compliance filing rather than a governance concern.

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	20986	94529.34	208121000	08/14/2025	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	06/13/2025	Restricted Stock	ISSUER			16027	06/13/2025	Not Applicable
Common	03/13/2025	Restricted Stock	ISSUER			4959	03/13/2025	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 does the Form 144 for REAX report?

The filing reports a proposed sale of 20,986 common shares valued at $94,529.34 through Morgan Stanley Smith Barney LLC, with an approximate sale date of 08/14/2025.

How many shares outstanding does Real Brokerage Inc report in the filing?

The form lists 208,121,000 shares outstanding.

When were the shares being sold acquired?

The shares were acquired as restricted stock on 03/13/2025 (4,959 shares) and 06/13/2025 (16,027 shares).

Did the filer report any securities sold in the past three months?

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

Which exchange is the sale expected to occur on?

The filing lists NASDAQ as the securities exchange.