TheRealReal (REAL) legal chief sells 17,353 shares, retains 605K

Rhea-AI Filing Summary

TheRealReal, Inc. Chief Legal Officer Todd A. Suko reported selling a total of 17,353 shares of common stock on May 21, 2026 at $9.25 per share in open-market transactions. A portion of the shares was automatically sold by the company to cover withholding taxes tied to an equity award vesting. Following these transactions, Suko directly holds 605,394 shares of TheRealReal common stock, indicating the sales represent a small part of his overall equity position.

Insider Trade Summary

Net Seller: 17,353 shares ($160,515)

Net Sell 3 txns

Insider Suko Todd A

Role Chief Legal Officer and Secret

Sold 17,353 shs ($161K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,762	$9.25	$100K
Sale	Common Stock	4,142	$9.25	$38K
Sale	Common Stock	2,449	$9.25	$23K

Holdings After Transaction: Common Stock — 611,985 shares (Direct, null)

Footnotes (1)

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. Includes 902 shares acquired on May 14, 2026 through the company's Employee Stock Purchase Plan (ESPP). This amount reflects an additional 2,426 ESPP shares sold as part of a group sale on 11/25/2025 by the reporting person, which were inadvertently omitted from the reporting persons holdings in prior Form 4 filed for the Issuer.

Key Figures

Shares sold: 17,353 shares Sale price: $9.25 per share Shares held after: 605,394 shares +3 more

6 metrics

Shares sold 17,353 shares Total common stock sold on May 21, 2026

Sale price $9.25 per share Price for each reported open-market sale

Shares held after 605,394 shares Direct common stock holdings after transactions

Number of transactions 3 transactions Non-derivative open-market sales of common stock

ESPP shares acquired 902 shares Acquired via Employee Stock Purchase Plan on May 14, 2026

Previously omitted ESPP shares 2,426 shares Group sale on November 25, 2025 now reflected in holdings

Key Terms

Employee Stock Purchase Plan (ESPP), withholding taxes, equity award

3 terms

Employee Stock Purchase Plan (ESPP) financial

"Includes 902 shares acquired on May 14, 2026 through the company's Employee Stock Purchase Plan (ESPP)."

withholding taxes financial

"automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award."

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

"withholding taxes payable 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.

Form 4 Insider Transactions: What Each Field Means →

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)
05/21/2026

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	05/21/2026		S(1)		10,762	D	$9.25	611,985(2)(3)	D
Common Stock	05/21/2026		S(1)		4,142	D	$9.25	607,843	D
Common Stock	05/21/2026		S(1)		2,449	D	$9.25	605,394	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. Includes 902 shares acquired on May 14, 2026 through the company's Employee Stock Purchase Plan (ESPP).

3. This amount reflects an additional 2,426 ESPP shares sold as part of a group sale on 11/25/2025 by the reporting person, which were inadvertently omitted from the reporting persons holdings in prior Form 4 filed for the Issuer.

Remarks:

	Todd Suko	05/22/2026
	** 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)

FAQ

What insider transaction did TheRealReal (REAL) report for Todd A. Suko?

TheRealReal reported that Chief Legal Officer Todd A. Suko sold 17,353 shares of common stock. The sales occurred on May 21, 2026 at a price of $9.25 per share in a series of open-market transactions disclosed in a Form 4 filing.

At what price did Todd A. Suko sell TheRealReal (REAL) shares?

Todd A. Suko’s reported sales of TheRealReal common stock were executed at $9.25 per share. All three non-derivative transactions on May 21, 2026 carried this same per-share price according to the Form 4 transaction details.

How many TheRealReal (REAL) shares does Todd A. Suko hold after the sale?

After the reported transactions, Todd A. Suko directly holds 605,394 shares of TheRealReal common stock. This post-transaction balance shows that the 17,353 shares sold represent a relatively small portion of his total equity holdings in the company.

Were any of Todd A. Suko’s TheRealReal (REAL) share sales related to tax withholding?

Yes. A footnote explains that some shares were automatically sold by TheRealReal to satisfy withholding taxes due on the vesting of an equity award. These tax-related sales are mechanistic and differ from purely discretionary open-market selling.

What does the Form 4 say about ESPP shares for TheRealReal (REAL)?

The filing notes that Suko acquired 902 shares on May 14, 2026 through TheRealReal’s Employee Stock Purchase Plan. It also reflects an additional 2,426 ESPP shares sold in November 2025 that had been inadvertently omitted from his previously reported holdings.

How many separate transactions did Todd A. Suko report in TheRealReal (REAL) Form 4?

The Form 4 lists three separate non-derivative transactions, each involving common stock sales coded as open-market transactions. Combined, these three trades total 17,353 shares sold on May 21, 2026 at a transaction price of $9.25 per share.