[144] Real Brokerage Inc SEC Filing

Rhea-AI Filing Summary

Form 144 Notice: The filing notifies a proposed sale of 499,684 common shares of the issuer by an insider brokered through Morgan Stanley Smith Barney, with an aggregate market value of $2,323,530.60. The shares were acquired and are proposed to be sold on 09/26/2025 following an exercise of stock options with cash payment. The filing reports 209,300,000 shares outstanding, and lists several recent sales by the same account totaling 80,037 shares sold in August–September 2025 for combined gross proceeds of $339,787.91. The filer certifies no undisclosed material adverse information and follows Rule 144 disclosure requirements.

Positive

• None.

Negative

• Proposed insider sale of 499,684 shares (~$2.32M) disclosed, representing potential additional market supply
• Recent insider sales totaling 80,037 shares in Aug–Sep 2025 (gross proceeds $339,787.91) indicate ongoing dispositions

Insights

Securities Analyst

Insider exercise and planned sale is routine; size is modest relative to outstanding shares.

The notice documents an option exercise and concurrent proposed sale of 499,684 shares valued at about $2.32M. Versus the 209.3M shares outstanding this represents roughly 0.24% of the share base, so it is unlikely to materially impact supply-demand dynamics on its own. The filing also shows prior small sales from the same account totaling 80,037 shares in the past three months, indicating ongoing liquidity actions rather than a single large disposition. For investors, this is a disclosure of insider liquidity rather than a company-operational development.

Corporate Governance Expert

Disclosure aligns with Rule 144 norms; signer affirms no material nonpublic information.

The form indicates the seller relied on Rule 144 mechanics after exercising options, and the signature block includes the standard representation that no material nonpublic information is known. The broker and planned sale date are specified, which supports market transparency. The sequence of recent smaller sales followed by this larger proposed sale is consistent with routine insider liquidity planning rather than an extraordinary governance event.

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	499684	2323530.60	209300000	09/26/2025	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	09/26/2025	Exercise of Stock Options	Issuer			499684	09/26/2025	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
PRITESH DAMANI &CAITLIN DAMANI JT TEN 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	09/22/2025	4900	24751.86
PRITESH DAMANI &CAITLIN DAMANI JT TEN 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	08/18/2025	52459	237392.71
PRITESH DAMANI &CAITLIN DAMANI JT TEN 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	08/15/2025	6692	30114.00
PRITESH DAMANI &CAITLIN DAMANI JT TEN 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	08/14/2025	20986	94529.34

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 disclose?

The form discloses a proposed sale of 499,684 common shares valued at $2,323,530.60, to be brokered by Morgan Stanley Smith Barney on 09/26/2025.

How were the 499,684 shares acquired according to the filing?

The filing states the shares were acquired on 09/26/2025 by exercise of stock options from the issuer with cash payment.

How many shares outstanding does the filing report for REAX?

The filing reports 209,300,000 shares outstanding.

Has the same account sold shares recently?

Yes. The filing lists four recent sales totaling 80,037 shares on 08/14/2025–09/22/2025 with combined gross proceeds of $339,787.91.

Who is the broker handling the proposed sale?

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