[144] Real Brokerage Inc SEC Filing

Rhea-AI Filing Summary

Form 144 notice filed for Real Brokerage Inc (REAX) reporting a proposed sale of 58,781 common shares by the named seller through Morgan Stanley Smith Barney LLC on NASDAQ with an aggregate market value of $297,681.76. The filing shows the shares were acquired by exercise on 09/18/2025 and paid for in cash the same day. The filer also reported three recent sales in the past three months totaling 175,815 shares for gross proceeds of $740,821.19. The company’s total shares outstanding are listed as 209,300,000, and the proposed sale date is 09/23/2025. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider filing shows routine disposition after option exercise, with modest volume relative to outstanding shares.

The Form 144 documents a proposed sale of 58,781 shares executed through Morgan Stanley Smith Barney LLC following an exercise on 09/18/2025. Aggregate proceeds indicated are $297,681.76. Recent dispositions by the same person during the prior three months total 175,815 shares for $740,821.19. Compared with the 209.3 million shares outstanding, these transactions represent a very small fraction of outstanding equity, suggesting limited direct dilution or market impact. The filing contains the standard representation about lack of undisclosed material information; no other new corporate developments are disclosed in this notice.

Corporate Governance Expert

TL;DR: Form 144 is a regulatory disclosure of proposed sale; it signals compliance rather than governance change.

The notice fulfills Rule 144 disclosure requirements for the proposed sale and reports prior sales in the three-month lookback. The seller represents there is no undisclosed material adverse information. The filing does not indicate any change in management, board composition, or corporate governance policies. As a compliance document, it provides transparency about insider liquidity but does not itself reflect a governance event or corrective action.

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	58781	297681.76	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	09/18/2025	Exercised Shares	Issuer			58781	09/18/2025	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
LAURENCE ROSE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/22/2025	20000	100064.00
LAURENCE ROSE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	09/18/2025	1219	6107.19
LAURENCE ROSE 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	151596	635650.00

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 filed for REAX disclose?

The filing discloses a proposed sale of 58,781 common shares on 09/23/2025 through Morgan Stanley Smith Barney LLC with an aggregate market value of $297,681.76.

When were the shares being sold by the filer acquired?

The shares were acquired by exercise on 09/18/2025 and paid for in cash on that date, per the filing.

How many shares did the filer sell in the past three months?

The filer reported sales of 20,000 on 09/22/2025, 1,219 on 09/18/2025, and 151,596 on 08/12/2025, totaling 175,815 shares for gross proceeds of $740,821.19.

What percentage of REAX outstanding shares does the proposed sale represent?

The filing lists 209,300,000 shares outstanding; the proposed sale of 58,781 represents a very small fraction of that total (well under 0.1%).

Does the Form 144 indicate undisclosed material information about REAX?

No. The signer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.