TheRealReal (NASDAQ: REAL) CLO’s 17.6K share sale is tax-withholding, not open-market

Rhea-AI Filing Summary

TheRealReal, Inc. (REAL) reported that Chief Legal Officer Todd A. Suko had company-facilitated sales totaling 17,567 shares of common stock on August 21, 2026. Footnotes state these shares were automatically sold by The RealReal, Inc. to satisfy withholding taxes due upon vesting of an equity award, rather than discretionary open-market sales.

An additional footnote explains that a prior Form 4 filed on November 18, 2025 overreported 70 shares sold because of an administrative error, and that the currently reported amount now correctly reflects the reporting person’s beneficial ownership.

Insider Trade Summary

Net Seller: 17,567 shares

Net Sell 3 txns

Insider Suko Todd A

Role Chief Legal Officer and Secret

Sold 17,567 shs ($193K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	10,895	$10.97	$120K
Sale	Common Stock F1	2,479	$10.98	$27K
Sale	Common Stock F1	4,193	$10.98	$46K

Holdings After Transaction: Common Stock — 587,897 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award.
2. F2. The reporting persons Form 4 filed on November 18, 2025 overreported the number of shares sold by the reporting person by 70 shares due to administrative error. This amount correctly reflects the reporting persons beneficial ownership.

Key Figures

Shares sold (tax withholding): 17,567 shares First transaction size and price: 10,895 shares at $10.97 per share Second transaction size and price: 2,479 shares at $10.98 per share +2 more

5 metrics

Shares sold (tax withholding) 17,567 shares Total shares automatically sold on August 21, 2026 to satisfy withholding taxes

First transaction size and price 10,895 shares at $10.97 per share Common stock sale on August 21, 2026 for tax withholding

Second transaction size and price 2,479 shares at $10.98 per share Common stock sale on August 21, 2026 for tax withholding

Third transaction size and price 4,193 shares at $10.98 per share Common stock sale on August 21, 2026 for tax withholding

Correction to prior report 70 shares Amount by which the November 18, 2025 Form 4 overreported shares sold

Key Terms

withholding taxes, equity award, beneficial ownership, automatically sold

4 terms

withholding taxes financial

"to satisfy withholding taxes payable in connection with the vesting"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

equity award financial

"in connection with the vesting of an equity award"

An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.

beneficial ownership financial

"This amount correctly reflects the reporting persons beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

automatically sold financial

"Represents shares of common stock automatically sold by The RealReal, Inc."

FAQ

What insider transaction did REAL report for Todd A. Suko on August 21, 2026?

REAL reported that Chief Legal Officer Todd A. Suko had 17,567 shares of common stock sold on August 21, 2026. Footnotes state the shares were automatically sold by The RealReal, Inc. to satisfy withholding taxes tied to an equity award vesting.

Were the August 21, 2026 REAL insider sales discretionary market trades?

No. A footnote states the reported shares were automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award, indicating tax-related transactions rather than discretionary open-market selling by the insider.

What prices were reported for Todd A. Suko’s REAL share sales on August 21, 2026?

The filing shows sales of REAL common stock at $10.97 per share for 10,895 shares and at $10.98 per share for two trades of 2,479 and 4,193 shares, all on August 21, 2026.

How many REAL shares were involved in each of Todd A. Suko’s reported transactions?

Three transactions were reported: 10,895 shares at $10.97 per share, and 2,479 shares plus 4,193 shares each at $10.98 per share. In total, 17,567 shares of REAL common stock were sold for tax withholding purposes.

What prior reporting correction did the REAL Form 4 disclose for Todd A. Suko?

A footnote explains that a Form 4 filed on November 18, 2025 overreported 70 shares sold because of an administrative error. The current filing states that the amount now correctly reflects the reporting person’s beneficial ownership.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/24/2026 - 04:27 PM Accepted by SEC EDGAR 08/24/2026 - 04:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Suko Todd A

(Last) (First) (Middle)

C/O THEREALREAL

55 FRANCISCO STREET SUITE 400

(Street)

SAN FRANCISCO CALIFORNIA 94133

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TheRealReal, Inc. [ REAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer and Secret

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2026		S(1)		10,895	D	$10.97	594,569(2)	D
Common Stock	08/21/2026		S(1)		2,479	D	$10.98	592,090	D
Common Stock	08/21/2026		S(1)		4,193	D	$10.98	587,897	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award.

2. The reporting persons Form 4 filed on November 18, 2025 overreported the number of shares sold by the reporting person by 70 shares due to administrative error. This amount correctly reflects the reporting persons beneficial ownership.

Remarks:

	Todd Suko	08/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)