TheRealReal officer proposes approximately $528K sale

Available on EDGAR 11/12/2026 - 04:29 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:29 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

TheRealReal, Inc. (REAL) officer Steve Lo reported a proposed sale of 37,203 common shares, with an approximate aggregate market value of $528,282.60 and an approximate sale date of November 12, 2026. The reported number of common shares outstanding was 124,713,031. Lo also reported prior sales of 20,070 shares for gross proceeds of $299,043.00 on November 10, 2026, and 12,559 shares for $137,836.15 on August 21, 2026.

Key Figures

Proposed sale: 37,203 common shares Approximate aggregate market value: $528,282.60 Common shares outstanding: 124,713,031 shares +4 more

7 metrics

Proposed sale 37,203 common shares Proposed sale by officer Steve Lo; approximate sale date November 12, 2026.

Approximate aggregate market value $528,282.60 Value associated with the proposed sale.

Common shares outstanding 124,713,031 shares Reported number of issuer shares outstanding.

Prior sale 20,070 shares Sold November 10, 2026.

Gross proceeds $299,043.00 Prior sale on November 10, 2026.

Prior sale 12,559 shares Sold August 21, 2026.

Gross proceeds $137,836.15 Prior sale on August 21, 2026.

Key Terms

Restricted Stock

1 terms

Restricted Stock financial

"Nature of acquisition transaction: Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

FAQ

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How many REAL shares is officer Steve Lo proposing to sell?

Officer Steve Lo reported a proposed sale of 37,203 REAL common shares, with an approximate aggregate market value of $528,282.60 and an approximate sale date of November 12, 2026. Morgan Stanley Smith Barney LLC is named as the broker.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001780940
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	THE REALREAL, INC.
SEC File Number	001-38953
Address of Issuer	55 Francisco Street Suite 400 San Francisco CALIFORNIA 94133
Phone	(855) 435-5893
Name of Person for Whose Account the Securities are To Be Sold	STEVE LO
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	Officer

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	37203	528282.60	124713031	11/12/2026	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	05/20/2025	Restricted Stock	Issuer			20555	05/20/2025	Not Applicable
Common	02/20/2025	Restricted Stock	Issuer			16648	02/20/2025	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
STEVE LO 55 Francisco Street Suite 400 San Francisco CA 94133	Common	11/10/2026	20070	299043.00
STEVE LO 55 Francisco Street Suite 400 San Francisco CA 94133	Common	08/21/2026	12559	137836.15

144: Remarks and Signature

Remarks
Date of Notice	11/12/2026
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	Steve Lo
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)