Therealreal SEC Filings

The RealReal, Inc. officer Luke Friang reported disposition of vested shares to satisfy withholding taxes related to an equity award. The filing shows three dispositions totaling 19,538 shares sold at $7.64 per share, leaving the reporting person with 517,884 shares of common stock beneficially owned after the transactions. The report identifies the reporting person as the company’s Chief Product & Tech Officer. The filing explains the sales were automatic transfers to cover tax withholding arising from the vesting of an equity award.

Steve Lo, Chief Accounting Officer of The RealReal, Inc. (REAL), reported automatic dispositions of common stock on 08/20/2025 to satisfy tax withholding obligations related to equity vesting. The Form 4 shows four automatic sales totaling 23,532 shares at a price of $7.64 per share, reducing his reported beneficial ownership from higher levels to 331,768 shares after the final transaction. The transactions were executed as withholding sales tied to the vesting of an equity award rather than initiated open-market sales.

The report was filed as an individual Form 4 by the reporting person and signed by an attorney-in-fact on 08/22/2025. No derivative transactions or other types of securities were reported on this filing.

The RealReal, Inc. insider Todd A. Suko, Chief Legal Officer and Secretary, reported multiple disposals of common stock on 08/20/2025 to satisfy tax withholding tied to the vesting of an equity award. The Form 4 shows five dispositions at a price of $7.64 per share: 2,767; 3,519; 9,445; 12,593; and 4,846 shares. Following these transactions the reported beneficial ownership declined through a final reported holding of 785,789 shares. The filing is signed by Mr. Suko on 08/22/2025 and includes an explanatory remark that the sales were automatic to cover withholding taxes.

Madan Gopal Ajay, Chief Financial Officer of The RealReal, Inc. (REAL), reported dispositions of company common stock on 08/20/2025. Two automatic sales occurred to satisfy tax withholding on vested equity awards: 23,611 shares and 8,077 shares, each sold at $7.64 per share. After these transactions Ajay beneficially owned 1,221,128 shares and then 1,213,051 shares as reported on the form. The sales are described as automatic withholding related to vesting.

The RealReal, Inc. disclosed privately negotiated debt exchange transactions in which holders exchanged $49,478,000 aggregate principal of its 1.00% Convertible Senior Notes due 2028 for $43,394,000 aggregate principal of new 4.00% Convertible Senior Notes due 2031. The exchanges were governed by Exchange Agreements and the new notes are issued under the Indenture dated February 10, 2025, with U.S. Bank Trust Company, National Association as trustee. The company received no cash proceeds from these transactions. The filing incorporates an 8-K dated February 10, 2025, and references a Form of Exchange Agreement dated August 20, 2025, and a press release dated August 21, 2025.

Form 144 notice for The RealReal, Inc. (REAL) shows an intended sale of 60,750 common shares via Morgan Stanley Smith Barney on 08/18/2025 with an aggregate market value of $486,236.93. The filing reports the company has 115,237,276 shares outstanding. The shares to be sold were acquired by exercise on 02/01/2021 and paid in cash. Recent activity by the same person includes three sales in the past three months totaling 250,850 shares for gross proceeds of $1,684,553.87 (sales on 05/21/2025 and 08/15/2025). The filer affirms no undisclosed material adverse information and includes the standard Rule 144 representations.

The filing is a Form 144 notice for The RealReal, Inc. (REAL) reporting a proposed sale of 199,421 common shares with an aggregate market value of $1,579,374.44, to be effected on or about 08/18/2025 on NASDAQ. The filer identifies Morgan Stanley Smith Barney LLC as the broker and lists the total shares outstanding as 115,237,276. The notice also details the acquisition history of the shares sold, showing multiple grant and performance-share awards received from the issuer between 08/20/2023 and 05/20/2025. The document lists recent sales by Rati Sahi Levesque during the past three months, including transactions on 05/21/2025 and 08/15/2025, with gross proceeds reported.

Rati Sahi Levesque, Chief Executive Officer of The RealReal, Inc. (REAL), reported several transactions in mid-August 2025. On 08/15/2025 Ms. Levesque exercised an incentive stock option to acquire 36,119 shares at a $3.48 exercise price, bringing beneficial ownership to 2,214,334 shares. That same day she sold 36,119 shares at a weighted average price of $7.781 and later sold additional blocks: 115,000 shares (WAP $7.779) on 08/15/2025, 199,421 shares (WAP $7.92) on 08/18/2025, and 60,750 shares (WAP $8.00) on 08/18/2025. After these reported sales, her beneficial ownership was 1,803,044 shares. All holdings are reported as directly owned.

The RealReal, Inc. (REAL) Form 144 notice reports a proposed sale of 151,119 common shares with an aggregate market value of $1,175,733.39, to be sold on 08/15/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. The securities to be sold include 36,119 shares acquired by stock option exercise on 08/15/2025 (paid in cash) and 115,000 shares acquired by exercise on 02/01/2021 (paid in cash). The filer discloses a prior sale of 99,731 common shares on 05/21/2025 for gross proceeds of $508,820.48 by Rati Sahi Levesque. The notice includes the required representation that the seller is not aware of undisclosed material adverse information and contains the standard signature and criminal penalties warning.