0001573221falseTheRealReal, Inc.00015732212024-06-122024-06-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 6, 2026
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The RealReal, Inc.
(Exact name of Registrant as Specified in Its Charter)
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| Delaware | 001-38953 | 45-1234222 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
55 Francisco Street Suite 400
San Francisco, CA 94133
(Address of Principal Executive Offices) (Zip Code)
(855) 435-5893
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common stock, $0.00001 par value | | REAL | | The Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Niki Leondakis Resigns as Member of the Board of Directors
On March 6, 2026, Niki Leondakis resigned from the Board of Directors (the “Board”) of The RealReal, Inc. (the “Company”). While Ms. Leondakis’s expanded professional and personal responsibilities prevent her from continuing to serve on the Board, the Company is grateful for her valued service during her tenure.
Jennifer McKeehan Appointed as Member of the Board of Directors
On March 6, 2026, the Board of the Company appointed Jennifer McKeehan to the Board as a Class II Director, with her term expiring at the Company’s 2027 annual meeting of stockholders or upon her successor having been elected and qualified. Ms. McKeehan will serve on the Corporate Governance and Nominating Committee of the Board.
Ms. McKeehan has served as Chief Operating Officer of Fanatics Commerce of Fanatics Inc. since September 2024. Prior to this, Ms. McKeehan worked at Walmart, Inc. as Senior Vice President, Transportation and Delivery, Spark Driver Platform and Revenue, from August 2022 to August 2024; Peloton Interactive as Senior Vice President and Head, Global Operations and Supply Chain, from October 2020 to August 2022; and Home Depot, Inc. in various capacities from 2008 to 2020, most recently having served as Vice President, Supply Chain, from 2016 to 2020. Ms. McKeehan holds a bachelor's degree in industrial engineering from the Georgia Institute of Technology.
As a non-employee director, Ms. McKeehan is entitled to receive compensation arrangements in accordance with the Company’s Director Compensation Program, which includes an annual cash retainer of $35,000, paid quarterly, and an annual equity award of $165,000 in restricted stock units under the Company’s 2019 Equity Incentive Plan, which will vest on the earlier of the one year anniversary of the grant of such equity award or the date immediately prior to the Company’s annual meeting of stockholders occurring after such date of grant, subject to continued service as a non-employee director through such vesting date. Initial cash retainers and equity awards are adjusted pro rata for the first partial year of service. In addition, the Company will enter into its form of Indemnity Agreement with Ms. McKeehan, a copy of which has been filed as Exhibit 10.35 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 28, 2023.
There is no arrangement or understanding between Ms. McKeehan and any other persons pursuant to which Ms. McKeehan was appointed as a director. Furthermore, there are no transactions between Ms. McKeehan and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
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Item 7.01 Regulation FD Disclosure.
On March 9, 2026, the Company issued a press release regarding the appointment of Ms. McKeehan to the Board. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits..
(d) Exhibits
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| Exhibit No. | | Description |
| 99.1 | | Press Release dated March 9, 2026 |
| 104 | | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| The RealReal, Inc. |
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Date: March 9, 2026 | By: | /s/ Todd Suko |
| Todd Suko |
| | Chief Legal Officer and Secretary |
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The RealReal Announces Board of Directors and Executive Leadership Updates
SAN FRANCISCO, CA – March 9, 2026 – The RealReal, Inc. (Nasdaq: REAL), the world’s largest online marketplace for authenticated luxury resale, today announced changes to its Board of Directors and executive leadership team, further strengthening the Company’s governance and operational leadership as it advances its next phase of growth.
Board of Directors Update
The RealReal announced the appointment of Jennifer McKeehan to its Board of Directors and the departure of Niki Leondakis from her role as a Board member, both effective March 6, 2026. McKeehan currently serves as Chief Operating Officer of Fanatics Commerce at Fanatics, Inc., and brings extensive experience leading global operations and supply chain organizations. She previously held senior leadership roles at Walmart, Peloton, and The Home Depot, where she oversaw large-scale logistics and delivery platforms supporting millions of customers worldwide. McKeehan’s operational expertise will be a tremendous asset to The RealReal’s Board as the company continues to scale its business. Leondakis has served on the Board since 2019, providing valuable guidance during a period of transformation and growth for the company.
“I’m honored to join The RealReal’s Board at such an exciting moment in the company’s trajectory,” said McKeehan. “The RealReal has built a powerful platform at the intersection of luxury, technology, and sustainability, and I look forward to contributing my operational experience to support the company’s continued success.”
“We are pleased to welcome Jennifer to the Board. Her deep experience leading premium consumer brands and scaling retail and customer operations will be invaluable as we continue strengthening our leadership position and scaling our business,” said Rati Sahi Levesque, President and Chief Executive Officer. “We are grateful to Niki for her meaningful contributions and steady leadership during an important chapter for The RealReal, and we wish her all the best.”
Executive Leadership Update
The RealReal also announced the addition of two senior executives to its leadership team:
Tiffany Stevenson has joined the Company as Chief People Officer. Stevenson previously served in executive leadership roles at Weight Watchers, Box, and Sephora, where she led global people strategy, organizational development, and culture initiatives supporting periods of growth and transformation.
Tom Hanrahan has joined the Company as Chief Revenue Officer, overseeing revenue growth strategy across merchandising, supply acquisition, and commercial operations. Hanrahan previously spent 11 years at Square, where he held executive leadership roles launching new profit levers and scaling outbound sales initiatives.
“These leadership additions reflect our continued investment in experienced operators who understand how to scale modern consumer and marketplace businesses,” added Levesque. “Tiffany and Tom each bring proven leadership from world-class organizations, strengthening our ability to drive sustainable growth while continuing to innovate within luxury resale.”
About The RealReal
The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, trusted by more than 40 million members. Our full-service consignment model—offering virtual appointments, in-home pickup, drop-off, and direct shipping—enables consumers to buy and sell luxury across fashion, fine jewelry and watches, art, and home categories with ease. The company combines a rigorous, expert-led authentication process with proprietary technology, including AI and machine learning, to power optimal pricing and processing for our members, and to help scale the business. By extending the life of millions of luxury goods, the company is leading a more circular economy while delivering a seamless experience for buyers and sellers.
Investor Relations Contact:
ir@therealreal.com
Media Contact:
pr@therealreal.com
