REAL BROKERAGE (REAX) Form 144: Insider proposes $1.04M sale of 194k shares

Rhea-AI Filing Summary

Form 144 notice for REAL BROKERAGE INC (REAX) shows a proposed sale of 194,098 common shares through Morgan Stanley Smith Barney for an aggregate market value of $1,040,989.20, with an approximate sale date of 08/29/2025. The shares were acquired by stock option exercise on 08/29/2025 and payment was made in cash. The filing lists the issuer's total shares outstanding as 209,300,000. The notice also discloses extensive prior sales by the same person, Tamir Poleg, with multiple common-share transactions between 06/02/2025 and 08/27/2025, each showing dates, amounts sold, and gross proceeds. The signer affirms no undisclosed material adverse information and complies with Rule 144 disclosure requirements.

Positive

• Regulatory compliance: The filer provided detailed information required by Rule 144, including broker, acquisition method, dates, and payment method.
• Transparency: Prior dispositions by the same person are fully listed with dates and gross proceeds, aiding investor visibility into insider activity.

Negative

• Insider selling activity: The filing documents multiple share dispositions by Tamir Poleg between 06/02/2025 and 08/27/2025, which may be perceived negatively by some investors.
• Limited company information: The form contains no operational, financial, or forward-looking company data to contextualize the sales.

Insights

Securities Analyst

TL;DR Routine insider sale filing disclosing a proposed ~194k-share sale worth ~$1.04M and multiple prior sales in June–August 2025.

This Form 144 is procedural and provides transparency on an insider liquidity event: the shares were acquired by option exercise and are being sold through a broker, with cash payment. The filing lists exact share counts, gross proceeds for prior trades, and confirms the issuer's outstanding share count. For investors, the filing documents insider selling activity but contains no company fundamentals or forward-looking disclosures.

Corporate Governance Expert

TL;DR Compliant Rule 144 notice showing disclosure of proposed sale and multiple recent dispositions by the same person.

The form meets regulatory requirements by identifying the broker, transaction type (stock option exercise), acquisition and sale dates, and prior sales by the reporting individual, Tamir Poleg. The signature representation affirms absence of undisclosed material adverse information. The filing does not present governance changes, related-party transactions beyond sales, or material disclosures about issuer operations.

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	194098	1040989.20	209300000	08/29/2025	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	08/29/2025	Stock Option Exercise	Issuer			194098	08/29/2025	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	08/27/2025	67160	359289.82
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

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 INC (REAX) disclose?

The form discloses a proposed sale of 194,098 common shares valued at $1,040,989.20, to be sold through Morgan Stanley Smith Barney, with an approximate sale date of 08/29/2025.

How were the 194,098 shares acquired according to the filing?

The shares were acquired on 08/29/2025 by stock option exercise, and payment for those shares was made in cash on the same date.

Who is the reporting seller and what prior sales are listed?

The reporting individual is Tamir Poleg; the filing lists multiple prior sales of common shares between 06/02/2025 and 08/27/2025, each with amounts sold and gross proceeds.

What is the issuer's shares outstanding reported in the filing?

The filing reports 209,300,000 shares outstanding for the issuer.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services (address listed in the filing).