Tamir Poleg Discloses Multiple REAX Share Sales in Form 144

Rhea-AI Filing Summary

Real Brokerage Inc. (REAX) filed a Form 144 reporting a proposed sale of 50,000 common shares through Morgan Stanley Smith Barney LLC Executive Financial Services on 08/13/2025. The filing lists an aggregate market value of $223,650 and shows 208,121,000 shares outstanding for the issuer.

The Form states the shares were acquired on 08/13/2025 by stock option exercise from the issuer and payment was in cash. The filing also documents numerous sales by Tamir Poleg during May–August 2025 (examples include 100,000 shares on 06/03/2025 for $431,500 and 73,063 shares on 08/11/2025 for $301,311.81). The filer certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider exercised options and plans to sell 50,000 shares; multiple recent insider disposals are disclosed, appearing as routine insider liquidity.

The Form 144 shows a same-day option exercise and proposed sale of 50,000 REAX shares via Morgan Stanley with an aggregate value of $223,650. The issuer's outstanding share count is provided as 208,121,000, which contextualizes the size of the notice. The filing also catalogs many prior sales by Tamir Poleg across May–August 2025, including several large blocks. From a market-movement perspective, these are standard insider disclosures that increase transparency; they do not, on their face, indicate undisclosed operational issues because the filer affirms no material nonpublic information.

Corporate Governance Expert

TL;DR: Form 144 documents compliant disclosure of an option exercise and planned sale; repeated insider sales warrant attention for governance and signaling.

The filing includes the required certification about material information and references trading-plan considerations. It records acquisition by stock option exercise and cash payment, and names the executing broker. The extensive list of sales by an individual named Tamir Poleg over recent months is relevant for governance review and insider trading oversight, though the filing itself is a routine compliance document rather than an operational disclosure.

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	50000	223650.00	208121000	08/13/2025	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	08/13/2025	Stock Option Exercise	Issuer			50000	08/13/2025	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	08/12/2025	75000	322897.50
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	75000	320430.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	1937	7970.37
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/12/2025	60100	254830.01
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/11/2025	14900	61973.57
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/11/2025	73063	301311.81
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
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/23/2025	70000	280336.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/23/2025	70000	280826.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	41289	166254.29
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	36006	144654.11
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	18841	75593.86
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	28241	113308.54
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/17/2025	6039	24121.58
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/12/2025	4069	17182.98
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/12/2025	2557	10816.11
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/11/2025	100	432.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/11/2025	18602	79778.40
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/11/2025	5720	24625.17
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/11/2025	25931	111002.83
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/05/2025	25000	106750.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/04/2025	8476	37463.92
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/03/2025	100000	431500.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/02/2025	50000	211250.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/29/2025	25000	105000.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/28/2025	93	390.60
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/27/2025	25000	110500.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/19/2025	40000	174400.00
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/16/2025	13007	47100.73
Tamir Poleg 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	05/15/2025	60000	262000.00

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 for Real Brokerage (REAX) disclose?

The Form 144 discloses a proposed sale of 50,000 common shares via Morgan Stanley with an aggregate market value of $223,650, approximately dated 08/13/2025.

How were the 50,000 shares acquired according to the filing?

The filing states the shares were acquired on 08/13/2025 by stock option exercise from the issuer, and payment was made in cash.

Who appears in the filing as having sold shares in the prior three months?

The filing lists numerous sales by Tamir Poleg during May–August 2025, with transaction examples and gross proceeds included.

What broker is named for the proposed sale in the Form 144?

The proposed sale lists Morgan Stanley Smith Barney LLC Executive Financial Services, 1 New York Plaza, New York, NY as the broker.

Does the filer assert any undisclosed material information?

Yes. The filer signs a certification that they do not know of any material adverse information