Real Brokerage (REAX) insider disposals: 67,160 shares planned sale; prior large sales disclosed

Rhea-AI Filing Summary

Real Brokerage Inc. (REAX) Form 144 notice reports a proposed sale of 67,160 common shares via Morgan Stanley Smith Barney with an aggregate market value of $359,289.82, with an approximate sale date of 08/27/2025 on NASDAQ. The filing states these shares were acquired on 08/27/2025 through a stock option exercise and paid in cash. The notice also discloses multiple sales by an individual named Tamir Poleg during May–August 2025, including large offloads such as 312,500 shares on 08/25/2025 and several other multi‑date transactions totaling hundreds of thousands of shares. The filer certifies no undisclosed material adverse information.

Positive

• Compliance disclosure: The filer submitted a Form 144, demonstrating adherence to Rule 144 reporting requirements.
• Source of shares disclosed: The 67,160 shares to be sold were acquired by stock option exercise and paid in cash.

Negative

• Significant insider selling: Multiple large sales by Tamir Poleg between May and August 2025, including 312,500 shares on 08/25/2025, could signal insider liquidity or decreased insider ownership.
• Concentrated timing: Many disposals clustered in a short period (June–August 2025), which may affect market perception of insider confidence.

Insights

Financial Analyst

TL;DR: Large insider sales reported recently; proposed sale is modest relative to individual past disposals.

The Form 144 shows a planned sale of 67,160 shares worth $359k from a stock option exercise, consistent with routine insider liquidity. However, the filing accompanies extensive prior insider sales by Tamir Poleg during May–August 2025, including a 312,500‑share sale on 08/25/2025. From a liquidity and signaling standpoint, clustered insider disposals can weigh on market perception, though the Form 144 itself documents compliance with Rule 144 rather than revealing new company fundamentals.

Corporate Governance Expert

TL;DR: Multiple large insider disposals raise governance and signaling concerns for investors.

The aggregated sales disclosed in the filing show recurring insider monetization across many dates and material quantities. While the filer affirms no undisclosed material adverse information, concentrated insider selling can prompt questions about insider liquidity needs, equity compensation patterns, and potential dilution timing. This disclosure is important for investors monitoring insider alignment with shareholders.

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	67160	359289.82	208121000	08/27/2025	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	08/27/2025	Stock Option Exercise	Issuer			67160	08/27/2025	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	08/25/2025	312500	1575087.75
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
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/23/2025	140000	561162.00
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/18/2025	124377	499810.80
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	6626	27999.09
TAMIR POLEG 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	06/11/2025	50353	215838.40
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

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 report?

The Form 144 reports a proposed sale of 67,160 common shares valued at $359,289.82, with an approximate sale date of 08/27/2025 on NASDAQ.

How were the 67,160 REAX shares acquired?

The shares were acquired on 08/27/2025 by stock option exercise and payment was made in cash.

Who has been selling REAX shares recently according to this filing?

The filing lists multiple sales by Tamir Poleg during May–August 2025, including a sale of 312,500 shares on 08/25/2025.

Which broker is handling the proposed sale?

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

Does the filer assert any undisclosed material adverse information?

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