Real Brokerage (REAX) Form 144 Shows August Dispositions and 4,900-Share Sale

Rhea-AI Filing Summary

Real Brokerage Inc (REAX) filing a Form 144 notifies a proposed sale of 4,900 common shares through Morgan Stanley Smith Barney LLC on 09/22/2025 on NASDAQ. The shares were acquired as restricted stock on 09/13/2025 from the issuer and payment was recorded the same day. The filer disclosed three recent sales by Pritesh Damani during August 2025 totaling 78,137 shares for aggregate gross proceeds of $370,036.05 across August 14, 15 and 18.

The notice includes the required representation that the selling person does not possess undisclosed material adverse information about the issuer and warns that intentional misstatements are federal offenses.

Positive

• Full procedural disclosure of proposed sale details including broker, exchange, proposed date, and acquisition date
• Prior sales in the past three months are listed with dates and gross proceeds, supporting transparency and Rule 144 aggregation

Negative

• Insider selling activity (78,137 shares sold in August and 4,900 proposed) may be viewed negatively by some investors
• No contextual company information (e.g., percentage ownership, reason for sale, or issuer financials) is provided in the filing

Insights

Securities Compliance Analyst

TL;DR: Form 144 discloses an insider sale of 4,900 restricted shares and prior August dispositions totaling 78,137 shares; appears procedurally compliant.

The filing clearly states the proposed sale details: class (common), broker (Morgan Stanley Smith Barney LLC), planned sale date (09/22/2025), exchange (NASDAQ), and that the shares were acquired as restricted stock on 09/13/2025. It also lists three recent open-market sales by the same person in August 2025 with amounts and gross proceeds, which is important for aggregation and Rule 144 timing. From a compliance standpoint the notice includes the customary representation regarding material nonpublic information and the legal warning against false statements. The filing provides necessary transactional facts but does not supply contextual corporate information.

Equity Markets Analyst

TL;DR: Insider selling is disclosed but without company financial context; market impact is likely limited based on disclosed volumes alone.

The amounts disclosed—4,900 shares proposed for sale and 78,137 shares sold in August 2025—are explicit and allow investors to quantify insider liquidity events. The filing does not include issuer financials, percentage ownership, or reasons for sales, so market interpretation must rely solely on the disclosed quantities and dates. This is a routine securities disposition notice that enables transparency but does not, by itself, indicate a material shift in corporate fundamentals.

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	4900	24751.86	209300000	09/22/2025	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	09/13/2025	Restricted Stock	Issuer			4900	09/13/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/18/2025	52459	237392.71
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/15/2025	6692	30114.00
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/14/2025	20986	94529.34

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 disclose?

It discloses a proposed sale of 4,900 common shares through Morgan Stanley Smith Barney LLC on 09/22/2025, acquired as restricted stock on 09/13/2025.

Who sold shares in the past three months according to the filing?

Pritesh Damani sold shares on 08/14/2025 (20,986), 08/15/2025 (6,692), and 08/18/2025 (52,459), totaling 78,137 shares for gross proceeds of $370,036.05.

On which exchange will the proposed REAX sale occur?

The filing specifies the sale is to occur on NASDAQ.

What was the acquisition type and date for the shares being sold?

The 4,900 shares were acquired as restricted stock from the issuer on 09/13/2025 with payment recorded the same day.

Does the filing state any undisclosed material information about Real Brokerage Inc?

By signing the notice, the selling person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.