[Form 4] The RealReal, Inc. Insider Trading Activity
Steve Lo, Chief Accounting Officer of The RealReal, Inc. (REAL), reported automatic dispositions of common stock on 08/20/2025 to satisfy tax withholding obligations related to equity vesting. The Form 4 shows four automatic sales totaling 23,532 shares at a price of $7.64 per share, reducing his reported beneficial ownership from higher levels to 331,768 shares after the final transaction. The transactions were executed as withholding sales tied to the vesting of an equity award rather than initiated open-market sales.
The report was filed as an individual Form 4 by the reporting person and signed by an attorney-in-fact on 08/22/2025. No derivative transactions or other types of securities were reported on this filing.
Steve Lo, Chief Accounting Officer di The RealReal, Inc. (REAL), ha comunicato cessioni automatiche di azioni ordinarie il 20/08/2025 per far fronte a obblighi fiscali legati al vesting di strumenti azionari. Il Modulo 4 indica quattro vendite automatiche per un totale di 23.532 azioni a $7,64 per azione, riducendo la sua partecipazione beneficiaria segnalata a 331.768 azioni dopo l’ultima operazione. Le operazioni sono state eseguite come vendite per ritenuta a copertura del vesting di un premio azionario e non come vendite sul mercato aperto.
La segnalazione è stata presentata come Form 4 individuale dal soggetto segnalante e firmata da un procuratore il 22/08/2025. In questo filing non sono state riportate transazioni su derivati né altri tipi di titoli.
Steve Lo, Chief Accounting Officer de The RealReal, Inc. (REAL), informó disposiciones automáticas de acciones ordinarias el 20/08/2025 para cubrir obligaciones fiscales relacionadas con el vesting de acciones. El Formulario 4 muestra cuatro ventas automáticas que suman 23.532 acciones a $7.64 por acción, reduciendo su participación beneficiaria reportada a 331.768 acciones tras la última operación. Las transacciones se ejecutaron como ventas por retención vinculadas al vesting de una adjudicación de acciones y no como ventas en el mercado abierto.
El informe se presentó como un Form 4 individual por la persona informante y fue firmado por un apoderado el 22/08/2025. En esta presentación no se informaron transacciones de derivados ni otros tipos de valores.
The RealReal, Inc.(REAL)의 최고회계책임자(Chief Accounting Officer)인 Steve Lo는 2025-08-20에 주식 베스팅 관련 세금 원천징수 의무를 충족하기 위한 자동 처분을 보고했습니다. Form 4에는 총 23,532주를 주당 $7.64에 네 차례 자동 판매한 내역이 기재되어 있으며, 최종 거래 이후 보고된 유익 소유지분은 331,768주로 감소했습니다. 이 거래들은 공개 시장에서의 매도가 아니라 주식 보상 베스팅에 따른 원천징수 매도로 실행되었습니다.
해당 보고서는 보고인이 개인 자격으로 제출한 Form 4이며 2025-08-22에 대리인이 서명했습니다. 이 신고서에는 파생상품 거래나 다른 유형의 증권 거래는 보고되지 않았습니다.
Steve Lo, Chief Accounting Officer de The RealReal, Inc. (REAL), a déclaré des cessions automatiques d’actions ordinaires le 20/08/2025 pour couvrir des obligations fiscales liées au vesting d’actions. Le formulaire 4 indique quatre ventes automatiques totalisant 23 532 actions au prix de 7,64 $ par action, réduisant sa participation bénéficiaire déclarée à 331 768 actions après la dernière transaction. Les opérations ont été effectuées en tant que ventes pour retenue liées au vesting d’une attribution d’actions et non comme des ventes sur le marché ouvert.
Le rapport a été déposé en tant que Form 4 individuel par la personne déclarant et signé par un mandataire le 22/08/2025. Aucune transaction sur produits dérivés ni d’autres types de titres n’a été signalée dans ce dépôt.
Steve Lo, Chief Accounting Officer von The RealReal, Inc. (REAL), meldete am 20.08.2025 automatische Veräußerungen von Stammaktien zur Erfüllung steuerlicher Abzugsverpflichtungen im Zusammenhang mit dem Vesting von Aktien. Das Formular 4 zeigt vier automatische Verkäufe mit insgesamt 23.532 Aktien zum Preis von $7,64 je Aktie, wodurch sein gemeldeter wirtschaftlicher Besitz nach der letzten Transaktion auf 331.768 Aktien gesunken ist. Die Transaktionen wurden als Einbehaltungsverkäufe im Zusammenhang mit der Freigabe einer Aktienzuwendung und nicht als offene Marktverkäufe ausgeführt.
Der Bericht wurde als individuelles Form 4 durch die meldende Person eingereicht und am 22.08.2025 von einem Bevollmächtigten unterschrieben. In dieser Meldung wurden keine Derivatgeschäfte oder andere Wertpapierarten angegeben.
- Retains a substantial post-transaction stake of 331,768 shares, indicating continued ownership interest
- Transactions were automatic withholding sales tied to vesting, reducing concerns about opportunistic insider selling
- Reported dispositions total 23,532 shares, representing a reduction in direct beneficial ownership
- All sales occurred at $7.64 per share, which may be below recent market levels if the stock has since risen (market context not provided in filing)
Insights
TL;DR: Insider sold 23,532 shares via tax-withholding at $7.64, leaving 331,768 shares; transaction appears non-discretionary.
The filing documents automatic dispositions totaling 23,532 shares across four allotments on 08/20/2025 at $7.64 per share to satisfy withholding taxes associated with equity vesting. Because these were withholding sales, they do not necessarily reflect a change in the officer's broader view of company prospects. The remaining reported stake of 331,768 shares is material in absolute terms for an individual officer but the filing does not provide historical context to assess trend or proportionate ownership. No derivatives or additional grants are disclosed in this form.
TL;DR: Dispositions were routine tax-withholding actions tied to vesting; governance concerns are limited absent other disclosures.
Form 4 indicates the dispositions were automatic to satisfy tax obligations from vesting, as explicitly stated in the explanation. Such mechanic sales are common and typically disclosed to maintain Section 16 transparency. The filing was signed by an attorney-in-fact and filed promptly. There is no indication of discretionary open-market sales, unusual timing, or related party transactions in this filing, limiting governance red flags from this single report.
Steve Lo, Chief Accounting Officer di The RealReal, Inc. (REAL), ha comunicato cessioni automatiche di azioni ordinarie il 20/08/2025 per far fronte a obblighi fiscali legati al vesting di strumenti azionari. Il Modulo 4 indica quattro vendite automatiche per un totale di 23.532 azioni a $7,64 per azione, riducendo la sua partecipazione beneficiaria segnalata a 331.768 azioni dopo l’ultima operazione. Le operazioni sono state eseguite come vendite per ritenuta a copertura del vesting di un premio azionario e non come vendite sul mercato aperto.
La segnalazione è stata presentata come Form 4 individuale dal soggetto segnalante e firmata da un procuratore il 22/08/2025. In questo filing non sono state riportate transazioni su derivati né altri tipi di titoli.
Steve Lo, Chief Accounting Officer de The RealReal, Inc. (REAL), informó disposiciones automáticas de acciones ordinarias el 20/08/2025 para cubrir obligaciones fiscales relacionadas con el vesting de acciones. El Formulario 4 muestra cuatro ventas automáticas que suman 23.532 acciones a $7.64 por acción, reduciendo su participación beneficiaria reportada a 331.768 acciones tras la última operación. Las transacciones se ejecutaron como ventas por retención vinculadas al vesting de una adjudicación de acciones y no como ventas en el mercado abierto.
El informe se presentó como un Form 4 individual por la persona informante y fue firmado por un apoderado el 22/08/2025. En esta presentación no se informaron transacciones de derivados ni otros tipos de valores.
The RealReal, Inc.(REAL)의 최고회계책임자(Chief Accounting Officer)인 Steve Lo는 2025-08-20에 주식 베스팅 관련 세금 원천징수 의무를 충족하기 위한 자동 처분을 보고했습니다. Form 4에는 총 23,532주를 주당 $7.64에 네 차례 자동 판매한 내역이 기재되어 있으며, 최종 거래 이후 보고된 유익 소유지분은 331,768주로 감소했습니다. 이 거래들은 공개 시장에서의 매도가 아니라 주식 보상 베스팅에 따른 원천징수 매도로 실행되었습니다.
해당 보고서는 보고인이 개인 자격으로 제출한 Form 4이며 2025-08-22에 대리인이 서명했습니다. 이 신고서에는 파생상품 거래나 다른 유형의 증권 거래는 보고되지 않았습니다.
Steve Lo, Chief Accounting Officer de The RealReal, Inc. (REAL), a déclaré des cessions automatiques d’actions ordinaires le 20/08/2025 pour couvrir des obligations fiscales liées au vesting d’actions. Le formulaire 4 indique quatre ventes automatiques totalisant 23 532 actions au prix de 7,64 $ par action, réduisant sa participation bénéficiaire déclarée à 331 768 actions après la dernière transaction. Les opérations ont été effectuées en tant que ventes pour retenue liées au vesting d’une attribution d’actions et non comme des ventes sur le marché ouvert.
Le rapport a été déposé en tant que Form 4 individuel par la personne déclarant et signé par un mandataire le 22/08/2025. Aucune transaction sur produits dérivés ni d’autres types de titres n’a été signalée dans ce dépôt.
Steve Lo, Chief Accounting Officer von The RealReal, Inc. (REAL), meldete am 20.08.2025 automatische Veräußerungen von Stammaktien zur Erfüllung steuerlicher Abzugsverpflichtungen im Zusammenhang mit dem Vesting von Aktien. Das Formular 4 zeigt vier automatische Verkäufe mit insgesamt 23.532 Aktien zum Preis von $7,64 je Aktie, wodurch sein gemeldeter wirtschaftlicher Besitz nach der letzten Transaktion auf 331.768 Aktien gesunken ist. Die Transaktionen wurden als Einbehaltungsverkäufe im Zusammenhang mit der Freigabe einer Aktienzuwendung und nicht als offene Marktverkäufe ausgeführt.
Der Bericht wurde als individuelles Form 4 durch die meldende Person eingereicht und am 22.08.2025 von einem Bevollmächtigten unterschrieben. In dieser Meldung wurden keine Derivatgeschäfte oder andere Wertpapierarten angegeben.
FAQ
What did Steve Lo (REAL) report on the Form 4?
How many shares does Steve Lo own after the reported transactions?
At what price were the shares sold in the reported transactions?
Were these sales discretionary open-market trades?
Who signed the Form 4 filing for Steve Lo?
