Real Brokerage (REAX) Form 144 shows insider sale and recent 10b5-1 transactions

Rhea-AI Filing Summary

Form 144 filed for Real Brokerage Inc (REAX) reports a proposed sale of 2,641 common shares by an insider that were acquired as restricted stock units on 09/17/2025. The filing lists the broker as Morgan Stanley Smith Barney LLC and indicates an aggregate market value of $12,940.90 for the proposed sale, with the sale planned on 09/22/2025 on NASDAQ. The filer also disclosed two 10b5-1 sales by the same person in the past three months totaling 50,654 shares for gross proceeds of $253,821.90. The filer represents they have no undisclosed material information and references a 10b5-1 trading plan where applicable.

Positive

• None.

Negative

• The filer discloses recent insider sales totaling 50,654 shares in the past three months for gross proceeds of $253,821.90
• The proposed sale includes 2,641 RSU shares to be sold shortly after grant date, which increases insider share turnover

Insights

Securities Analyst

TL;DR: Insider plans to sell a small grant of RSUs; prior 10b5-1 sales totaled 50,654 shares.

The filing documents a routine Form 144 notice for 2,641 common shares acquired as restricted stock units on 09/17/2025, to be sold via Morgan Stanley on 09/22/2025 at an aggregate market value of $12,940.90. The notice also discloses two prior 10b5-1 sales by the same individual on 08/25/2025 and 09/16/2025 totaling 50,654 shares and $253,821.90 in gross proceeds. This is a standard insider sale disclosure; it confirms reliance on applicable trading-plan representations but does not include company operational or financial data.

Corporate Governance Expert

TL;DR: Filing shows compliance with Rule 144 and disclosure of recent 10b5-1 sales; no operational details provided.

The notice appears focused on regulatory compliance: specifying the source of the shares (RSUs granted by the issuer), broker details, and recent aggregated sales subject to 10b5-1 plans. The signer attests to no undisclosed material adverse information. The document contains no additional governance actions, executive departures, or material corporate events.

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	2641	12940.90	209300000	09/22/2025	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	09/17/2025	Restricted Stock Units	Issuer			2641	09/17/2025	N/A

* 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
10b5-1 Sales for JENNA ROZENBLAT 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	09/16/2025	7606	38551.77
10b5-1 Sales for JENNA ROZENBLAT 701 Brickell Avenue, 17th Floor Miami FL 33133	Common	08/25/2025	43048	215270.13

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 2,641 common shares acquired as restricted stock units on 09/17/2025, with a planned sale date of 09/22/2025 on NASDAQ.

Who is the broker handling the sale listed on the Form 144?

The broker named in the filing is Morgan Stanley Smith Barney LLC located at 1 New York Plaza, 8th Floor, New York, NY.

Were there any recent insider sales disclosed in this filing for REAX?

Yes. The filing discloses two 10b5-1 sales by the same person: 08/25/2025 for 43,048 shares ($215,270.13) and 09/16/2025 for 7,606 shares ($38,551.77).

What is the aggregate market value of the proposed sale on the Form 144?

The aggregate market value reported for the proposed sale of 2,641 shares is $12,940.90.

Does the filer assert they possess undisclosed material information?

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