Real Brokerage CEO Tamir Poleg Holds 17.2M Shares, Signals Confidence
Ticker: REAX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1862461
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, CEO-stake, amendment, real-estate
TL;DR
**CEO Tamir Poleg owns 17.2M shares of Real Brokerage, showing strong insider confidence.**
AI Summary
Tamir Poleg, CEO of The Real Brokerage Inc., filed an amended Schedule 13G/A on January 24, 2024, disclosing his beneficial ownership of 17,209,135 common shares as of December 31, 2023. This filing indicates that Mr. Poleg holds significant sole voting and dispositive power over these shares, representing a substantial stake in the company. This matters to investors because it shows strong insider alignment and confidence from the CEO, which can be a positive signal for the company's future performance.
Why It Matters
This filing confirms that the CEO, Tamir Poleg, has a significant personal stake in The Real Brokerage Inc., aligning his interests directly with those of shareholders. His substantial ownership could indicate strong confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — The filing indicates a significant insider stake, which generally reduces risk by aligning management's interests with shareholders.
Analyst Insight
A smart investor would view this significant insider ownership as a positive signal, suggesting strong leadership confidence and alignment with shareholder interests, potentially warranting further due diligence into the company's fundamentals.
Key Numbers
- 17,209,135 — Common Shares (Total shares beneficially owned by Tamir Poleg as of December 31, 2023)
Key Players & Entities
- Tamir Poleg (person) — Reporting Person, CEO of The Real Brokerage Inc.
- The Real Brokerage Inc. (company) — Issuer of the securities
- 17,209,135 (dollar_amount) — Number of common shares beneficially owned by Tamir Poleg
Forward-Looking Statements
- Tamir Poleg will maintain a significant ownership stake in The Real Brokerage Inc. for the foreseeable future. (Tamir Poleg) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Tamir Poleg, as stated in 'Names of Reporting Persons' on the cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common shares of The Real Brokerage Inc. is 75585H206, as indicated on the cover page of the filing.
How many shares does Tamir Poleg have sole voting power over?
Tamir Poleg has sole voting power over 17,209,135 shares, as reported in 'Sole Voting Power' (Row 5) on the Schedule 13G/A cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), as indicated by the 'X' in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Stats: 1,214 words · 5 min read · ~4 pages · Grade level 9.2 · Accepted 2024-01-24 10:47:51
Filing Documents
- formsc13ga.htm (SC 13G/A) — 29KB
- 0001062993-24-001208.txt ( ) — 31KB
Ownership
Item 4. Ownership (a) Amount Beneficially Owned: 17,209,135 (1) (b) Percent of Class: 8.97% ( 1 ) (2) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 17,209,135 (1) (ii) Shared power to vote or to direct the vote: - 0- (iii) Sole power to dispose or to direct the disposition of: 17,209,135 (1) (iv) Shared power to dispose or to direct the disposition of: - 0-
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Ownership of more than Five Percent on Behalf of Another Person
Item 6. Ownership of more than Five Percent on Behalf of Another Person. N/A Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. N/A
Identification and classification of members of the group
Item 8. Identification and classification of members of the group. N/A
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. N/A (1) Includes: (i) 8,893,668 shares of the Issuer's Common Shares of which Mr. Poleg is the beneficial owner, (ii) 8,315,467 shares of the Issuer's Common Shares that Mr. Poleg has the right to obtain, within 60 days of December 31, 2023, upon the exercise of 8,065,467 vested Stock Options and 250,000 unvested Stock Options that will vest within 60 days of December 31, 2023 at a ratio of one Common Share for each Stock Option. (2) Based upon 183,449,167 shares of the Issuer's Common Shares outstanding as of December 31, 2023, together with the 8,315,467 Common Shares that, as of December 31, 2023, Mr. Poleg had the right to obtain, within 60 days, upon the exercise of 8,315,467 Stock Options of which Mr. Poleg is the owner or that will vest and be exercisable within 60 days of December 31, 2023. Page 4 of 5 SCHEDULE 13G/A CUSIP No. 75585H206
Certifications
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. 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. Dated: January 24, 2024 By: /s/ Tamir Poleg Tamir Poleg Page 5 of 5