Real Brokerage (REAX) Form 144: Insider Plans Sale of 52,459 Shares

Rhea-AI Filing Summary

Real Brokerage Inc. (REAX) Form 144 notice reports a proposed sale of 52,459 common shares through Morgan Stanley Smith Barney on 08/18/2025 with an aggregate market value of $237,392.71. The filing shows 208,121,000 shares outstanding, and the shares to be sold were acquired as restricted stock from the issuer on 03/13/2025 with payment recorded the same date. The filer also reported three sales in the prior three months by Pritesh Damani (addresses provided): 6,692 shares on 08/15/2025 for $30,114.00, 16,027 shares on 08/14/2025 for $72,192.02, and 4,959 shares on 08/14/2025 for $22,337.32. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Required details disclosed: broker, sale date, share count, acquisition date, and past three-month sales are provided
• Securities were acquired as restricted stock and the filing records the acquisition and payment date

Negative

• Insider selling activity: the filer or related person reported three sales in the prior three months totaling 27,678 shares
• No company performance data is included in the filing, so investors cannot assess the motive or impact from this document alone

Insights

Securities Analyst

TL;DR: Insider proposes to sell a small block of restricted shares; recent small-volume disposals were reported.

The filing transparently discloses the planned disposition of 52,459 common shares via a broker on 08/18/2025, acquired as restricted stock on 03/13/2025. Relative to the 208,121,000 shares outstanding, this block is immaterial in size. The seller also recorded three sales in the prior three months totaling 27,678 shares with combined gross proceeds of $124,643.34. For investors, these are routine insider sales documented under Rule 144; there is no additional financial data in the filing to assess company performance.

Compliance Officer

TL;DR: Filing appears procedurally complete but contains limited substantive company information.

The Form 144 provides the required broker, sale date, class, acquisition method, and past three-month sales with dollar amounts and seller identification. The seller attests to lacking undisclosed material adverse information, which is the standard certification. The filing does not include any material corporate events, earnings figures, or governance changes; compliance-wise, the notice satisfies Rule 144 disclosure requirements based on the data shown.

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	52459	237392.71	208121000	08/18/2025	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	03/13/2025	Restricted Stock	Issuer			52459	03/13/2025	Not Applicable

* 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
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/15/2025	6692	30114.00
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/14/2025	16027	72192.02
PRITESH DAMANI 701 Brickell Avenue, 17th Floor Miami FL 33131	Common	08/14/2025	4959	22337.32

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 REAX Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 52,459 common shares through Morgan Stanley Smith Barney on 08/18/2025 with an aggregate market value of $237,392.71.

When and how were the shares to be sold acquired according to the filing?

The shares were acquired as restricted stock from the issuer on 03/13/2025 and payment was recorded on the same date.

How many shares does Real Brokerage report outstanding in this Form 144?

The filing lists 208,121,000 shares outstanding.

Did the filer report any sales in the past three months?

Yes. The filing reports sales by Pritesh Damani: 6,692 shares on 08/15/2025 for $30,114.00, 16,027 shares on 08/14/2025 for $72,192.02, and 4,959 shares on 08/14/2025 for $22,337.32.

Does the Form 144 indicate any undisclosed material information about the company?

The signer represents that they do not know of any material adverse information not publicly disclosed; the filing itself does not present any such material information.

Who is the broker handling the proposed sale?

The broker named in the filing is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza 8th Floor New York NY 10004.