[144] Real Brokerage Inc SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Real Brokerage Inc (REAX) reports a proposed sale of 15,093 common shares through Morgan Stanley Smith Barney LLC on 09/23/2025, with an aggregate market value of $76,830.92. The filing states those shares were acquired the same day via stock option exercise and paid in cash. The document also lists multiple prior open-market sales by the same person, Tamir Poleg, between 06/27/2025 and 09/18/2025, including several large dispositions (examples: 312,500 shares on 08/25/2025 and 194,098 shares on 08/29/2025). The number of shares outstanding shown is 209,300,000. The filer signs the standard representation that they are not aware of any material nonpublic information.

Positive

• None.

Negative

• Multiple sizable insider sales by the same person are listed between 06/27/2025 and 09/18/2025, including blocks of 312,500 and 194,098 shares
• Frequent dispositions over the past three months may be material to insider ownership monitoring even though the current proposed sale is relatively small

Insights

Securities Analyst

TL;DR: This is a routine Rule 144 notice disclosing proposed insider sales and recent dispositions by an insider.

The filing documents a proposed sale of 15,093 shares acquired by stock option exercise and multiple prior sales by the same person across June–September 2025. The proposed sale is small versus the reported 209.3 million shares outstanding and has an aggregate market value of $76,830.92. The repeated prior sales listed include several large blocks that generated material cash proceeds in aggregate. From a securities-transaction perspective, this filing satisfies Rule 144 notice requirements; it does not disclose operational, earnings, or new corporate events.

Corporate Governance Expert

TL;DR: Numerous recent insider sales are disclosed; governance disclosure requirements appear met but raise monitoring questions for stakeholders.

The notice confirms the seller represents no undisclosed material adverse information and that the current transaction resulted from a stock option exercise paid in cash. The document lists broker details (Morgan Stanley Smith Barney LLC) for the proposed sale. While the filing is procedural and compliant in form, the frequency and size of the prior sales documented could be relevant to governance and insider-ownership tracking.

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	15093	76830.92	209300000	09/23/2025	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	09/23/2025	Stock Option Exercise	Issuer			15093	09/23/2025	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	09/18/2025	100	515.50
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

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?

The form discloses a proposed sale of 15,093 common shares on 09/23/2025 via Morgan Stanley, acquired by stock option exercise and paid in cash.

Who is the seller listed on the filing?

The seller named in prior sales is Tamir Poleg, with multiple dispositions listed from 06/27/2025 through 09/18/2025.

How many shares outstanding does the filing show for REAX?

The filing shows 209,300,000 shares outstanding.

What broker is handling the proposed sale?

The broker named for the proposed sale is Morgan Stanley Smith Barney LLC.

Were the shares to be sold recently acquired or gifted?

The 15,093 shares were acquired on 09/23/2025 by stock option exercise; no gift is indicated.