TheRealReal officer lists $1.97M in shares for sale

Available on EDGAR 11/12/2026 - 08:33 AM EST Accepted by SEC EDGAR 11/12/2026 - 08:33 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

TheRealReal, Inc. officer Rati Sahi Levesque's Form 144 lists 133,492 common shares for sale, with an approximate sale date of November 11, 2026 and an aggregate market value of $1,970,435.36. The notice identifies Morgan Stanley Smith Barney LLC as broker and reports 124,713,031 shares outstanding. Its remarks say sales executed November 11 were reported on a notice filed November 12 because EDGAR was not accepting filings that day in observance of the federal holiday. Levesque also reported selling 84,432 shares on August 21, 2026, for gross proceeds of $926,717.78.

Key Figures

Common shares listed for sale: 133,492 shares Aggregate market value: $1,970,435.36 Shares outstanding: 124,713,031 shares +2 more

5 metrics

Common shares listed for sale 133,492 shares Approximate sale date November 11, 2026

Aggregate market value $1,970,435.36 Securities listed for sale

Shares outstanding 124,713,031 shares The form's securities information

Prior shares sold 84,432 shares Sale on August 21, 2026

Gross proceeds $926,717.78 Prior sale on August 21, 2026

Key Terms

Stock Option Exercise, Restricted Stock, Aggregate Market Value, Gross Proceeds

4 terms

Stock Option Exercise financial

"Nature of Acquisition Transaction: Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

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.

Aggregate Market Value financial

"Aggregate Market Value"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Gross Proceeds financial

"Gross Proceeds"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many REAL shares did Rati Sahi Levesque list for sale?

The notice lists 133,492 common shares for sale, with an approximate sale date of November 11, 2026 and aggregate market value of $1,970,435.36.

What prior REAL share sale did Rati Sahi Levesque report?

Levesque reported selling 84,432 shares on August 21, 2026, for gross proceeds of $926,717.78.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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	0001780551
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	RATI SAHI LEVESQUE
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	133492	1970435.36	124713031	11/11/2026	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	11/11/2026	Stock Option Exercise	Issuer			35799	11/11/2026	Cash
Common	08/20/2024	Restricted Stock	Issuer			29859	08/20/2024	Not Applicable
Common	11/20/2024	Restricted Stock	Issuer			30267	11/20/2024	Not Applicable
Common	02/20/2025	Restricted Stock	Issuer			37567	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
RATI SAHI LEVESQUE 55 Francisco Street Suite 400 San Francisco CA 94133	Common	08/21/2026	84432	926717.78

144: Remarks and Signature

Remarks	Sales that were executed on November 11, 2026 are being reported on this Form 144 filed on November 12, 2026 given the EDGAR system was not accepting filings on November 11, 2026 in observance of the federal holiday.
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	/s/ Rati Levesque
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)