Real Brokerage Inc Schedule 13G/A amendment states that Portolan Capital Management, LLC beneficially owns 14,519,848 shares of Common Shares (CUSIP 75585H206), representing 6.80% of the class as reported on the cover page. The filing attributes the holdings to Portolan and indirectly to George McCabe, Manager of Portolan. The reporting persons list sole voting and dispositive power over the same 14,519,848 shares. The cover shows an effective/reporting date of 03/31/2026 and the signature is dated 05/15/2026.
Positive
None.
Negative
None.
Insights
Large passive ownership disclosure by an investment manager and its manager.
Portolan Capital Management reports beneficial ownership of 14,519,848 shares (6.80%), with sole voting and dispositive power, attributed directly to Portolan and indirectly to George McCabe. The filing is an amendment to a Schedule 13G/A reflecting beneficial ownership positions.
Ownership above 5% requires public disclosure under ownership rules; subsequent filings may show changes. Cash-flow treatment and trading intent are not stated in the excerpt.
Key Figures
Beneficial ownership:14,519,848 sharesPercent of class:6.80%CUSIP:75585H206+2 more
5 metrics
Beneficial ownership14,519,848 sharesCover page for Schedule 13G/A
Percent of class6.80%Percent of class reported on cover page
CUSIP75585H206Identifies Real Brokerage Inc Common Shares
Cover/reporting date03/31/2026Date shown on cover page
Signature date05/15/2026Date shown in signature block
Key Terms
Beneficially owned, Schedule 13G/A, Sole Dispositive Power, Sole Voting Power
4 terms
Beneficially ownedregulatory
"This statement is being filed with respect to the shares Common Stock of the Issuer beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G/Aregulatory
"Item 1. (a) Name of issuer: Real Brokerage Inc"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Sole Dispositive Powerregulatory
"7 | Sole Dispositive Power 14,519,848.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Sole Voting Powerregulatory
"5 | Sole Voting Power 14,519,848.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
What stake does Portolan Capital Management report in REAX?
Portolan Capital Management reports beneficial ownership of 14,519,848 shares, equal to 6.80% of Real Brokerage Inc common shares as shown on the cover page. The filing attributes sole voting and dispositive power over those shares to Portolan.
Who is listed as the individual associated with the filing for REAX?
George McCabe is named as the Manager of Portolan Capital Management, LLC and is identified as an indirect beneficial owner of the same 14,519,848 shares, with sole voting and dispositive power noted on the cover page.
What form was filed for this disclosure about REAX holdings?
The filing is an amendment to a Schedule 13G/A for Real Brokerage Inc (CUSIP 75585H206), reporting beneficial ownership on behalf of Portolan Capital Management and an associated individual, filed as an amendment to prior ownership disclosures.
What dates appear in the REAX Schedule 13G/A excerpt?
The cover page lists 03/31/2026 as a date associated with the filing and the signature block shows a signing date of 05/15/2026. These dates appear in the provided excerpt and accompany the ownership disclosure.
Does the filing state whether proceeds or trading intent are involved for REAX shares?
The excerpt lists beneficial ownership and voting/dispositive powers but does not state any proceeds treatment or trading intent. The filing focuses on ownership disclosure rather than a transaction or offer.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Real Brokerage Inc
(Name of Issuer)
Common Shares, no par value
(Title of Class of Securities)
75585H206
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
75585H206
1
Names of Reporting Persons
Portolan Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
14,519,848.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
14,519,848.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,519,848.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.80 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
75585H206
1
Names of Reporting Persons
George McCabe
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
14,519,848.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
14,519,848.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,519,848.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.80 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Real Brokerage Inc
(b)
Address of issuer's principal executive offices:
701 Brickell Avenue, 17th Floor Miami, FL 33131
Item 2.
(a)
Name of person filing:
This statement is being filed with respect to the shares Common Stock of the Issuer beneficially owned (1) directly by Portolan Capital Management, LLC, a registered investment adviser, in its capacity as investment manager for various clients, and (2) indirectly by George McCabe, the Manager of Portolan Capital Management, LLC. Portolan Capital Management, LLC and Mr. McCabe are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 2 International Place, FL 26, Boston, MA 02110
(c)
Citizenship:
Portolan Capital Management, LLC - DE
Mr. McCabe - USA
(d)
Title of class of securities:
Common Shares, no par value
(e)
CUSIP No.:
75585H206
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(b)
Percent of class:
The information required by Item 4(b) is set forth in Row 11 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Real Brokerage Inc. No one person's interest in the Common Stock of Real Brokerage Inc. is more than five percent of the total outstanding Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
