[Form 4] The RealReal, Inc. Insider Trading Activity
The RealReal CEO Rati Sahi Levesque reported the disposition of 101,830 shares of company common stock on 08/20/2025 at a price of $7.64 per share to satisfy tax withholding tied to the vesting of an equity award. After these automated withholdings, the reporting person beneficially owned 1,701,214 shares. The transactions were reported on a Form 4 and executed in multiple sell events that reduced the held position incrementally; the filings indicate the sales were automatic with the stated purpose of covering taxes on vested awards.
Rati Sahi Levesque, CEO di The RealReal, ha dichiarato la cessione di 101.830 azioni ordinarie della società il 20/08/2025 al prezzo di $7,64 per azione per adempiere alle ritenute fiscali relative al vesting di un premio in azioni. Dopo queste trattenute automatiche, la persona segnalante deteneva effettivamente 1.701.214 azioni. Le operazioni sono state riportate in un Form 4 ed eseguite in più vendite che hanno ridotto progressivamente la posizione; i documenti indicano che le vendite sono state automatiche con lo scopo dichiarato di coprire le imposte sui premi maturati.
Rati Sahi Levesque, CEO de The RealReal, informó la disposición de 101.830 acciones ordinarias de la compañía el 20/08/2025 a un precio de $7,64 por acción para cubrir las retenciones fiscales vinculadas al vencimiento de una concesión de acciones. Tras estas retenciones automáticas, la persona informante poseía en beneficio 1.701.214 acciones. Las transacciones se presentaron en un Form 4 y se realizaron en múltiples ventas que redujeron la posición de forma incremental; los documentos señalan que las ventas fueron automáticas con el propósito declarado de cubrir impuestos sobre las adjudicaciones que maduraron.
The RealReal의 CEO 라티 사히 르베스크(Rati Sahi Levesque)는 2025년 8월 20일 주당 $7.64에 회사 보통주 101,830주를 처분했다고 보고했으며, 이는 주식 보상(vested award)의 세금 원천징수를 충당하기 위한 것이었습니다. 이러한 자동 원천징수 후 보고자는 실질적으로 1,701,214주를 보유하고 있었습니다. 해당 거래들은 Form 4에 보고되었고 보유 물량을 점진적으로 줄이는 다수의 매도 이벤트로 실행되었으며, 제출서류에는 이 매도들이 성숙한 보상에 대한 세금을 충당하기 위한 자동 매도였다고 명시되어 있습니다.
Rati Sahi Levesque, PDG de The RealReal, a déclaré la cession de 101 830 actions ordinaires de la société le 20/08/2025 au prix de 7,64 $ par action afin de satisfaire les retenues fiscales liées au vesting d’une attribution d’actions. Après ces prélèvements automatiques, la personne déclarante détenait effectivement 1 701 214 actions. Les opérations ont été déclarées sur un Form 4 et exécutées en plusieurs ventes qui ont réduit la position de manière incrémentale ; les dépôts indiquent que les ventes étaient automatiques dans le but déclaré de couvrir les impôts sur les attributions acquises.
Rati Sahi Levesque, CEO von The RealReal, meldete am 20.08.2025 die Veräußerung von 101.830 Stammaktien des Unternehmens zu einem Preis von $7,64 je Aktie, um die steuerliche Einbehaltung im Zusammenhang mit der Vested-Ausgabe einer Aktienvergütung zu erfüllen. Nach diesen automatischen Einbehaltungen hielt die meldende Person wirtschaftlich 1.701.214 Aktien. Die Transaktionen wurden in einem Form 4 angegeben und in mehreren Verkaufsereignissen ausgeführt, die die Position schrittweise verringerten; die Unterlagen geben an, dass die Verkäufe automatisch erfolgten, mit dem angegebenen Zweck, Steuern auf vestende Zuwendungen zu decken.
- Reporting person retained significant ownership: beneficially owns 1,701,214 shares after the transactions, indicating continued alignment with shareholders
- Sales were administrative: transactions are disclosed as tax-withholding related to vesting, suggesting non-discretionary disposition
- Insider disposed of 101,830 shares which represents a measurable reduction in holdings via automated sell-to-cover transactions
- Sales executed at $7.64 per share, locking in proceeds at that price rather than remaining fully invested
Insights
TL;DR: Routine, non-discretionary sales to satisfy tax withholding; not necessarily a signal of changed conviction.
The Form 4 shows multiple small disposals totaling 101,830 shares executed as automatic withholdings in connection with equity vesting. Because the sales are described as tax withholding for vested awards, they appear to be administrative rather than opportunistic. The reporting person remains a large shareholder with 1.7 million shares, preserving substantial economic alignment with shareholders. This is a routine insider reporting event with limited governance implications.
TL;DR: Material only in size, but transactions are ordinary-course withholding sales and unlikely to alter valuation assumptions.
The disposals occurred at $7.64 per share across multiple lots on 08/20/2025 and cumulatively reduced the beneficial holding to 1,701,214 shares. While 101,830 shares is a quantifiable amount, the stated purpose—satisfying tax obligations on vesting—indicates these were non-discretionary. No derivative exercises, new grants, or other compensatory changes are disclosed in this filing.
Rati Sahi Levesque, CEO di The RealReal, ha dichiarato la cessione di 101.830 azioni ordinarie della società il 20/08/2025 al prezzo di $7,64 per azione per adempiere alle ritenute fiscali relative al vesting di un premio in azioni. Dopo queste trattenute automatiche, la persona segnalante deteneva effettivamente 1.701.214 azioni. Le operazioni sono state riportate in un Form 4 ed eseguite in più vendite che hanno ridotto progressivamente la posizione; i documenti indicano che le vendite sono state automatiche con lo scopo dichiarato di coprire le imposte sui premi maturati.
Rati Sahi Levesque, CEO de The RealReal, informó la disposición de 101.830 acciones ordinarias de la compañía el 20/08/2025 a un precio de $7,64 por acción para cubrir las retenciones fiscales vinculadas al vencimiento de una concesión de acciones. Tras estas retenciones automáticas, la persona informante poseía en beneficio 1.701.214 acciones. Las transacciones se presentaron en un Form 4 y se realizaron en múltiples ventas que redujeron la posición de forma incremental; los documentos señalan que las ventas fueron automáticas con el propósito declarado de cubrir impuestos sobre las adjudicaciones que maduraron.
The RealReal의 CEO 라티 사히 르베스크(Rati Sahi Levesque)는 2025년 8월 20일 주당 $7.64에 회사 보통주 101,830주를 처분했다고 보고했으며, 이는 주식 보상(vested award)의 세금 원천징수를 충당하기 위한 것이었습니다. 이러한 자동 원천징수 후 보고자는 실질적으로 1,701,214주를 보유하고 있었습니다. 해당 거래들은 Form 4에 보고되었고 보유 물량을 점진적으로 줄이는 다수의 매도 이벤트로 실행되었으며, 제출서류에는 이 매도들이 성숙한 보상에 대한 세금을 충당하기 위한 자동 매도였다고 명시되어 있습니다.
Rati Sahi Levesque, PDG de The RealReal, a déclaré la cession de 101 830 actions ordinaires de la société le 20/08/2025 au prix de 7,64 $ par action afin de satisfaire les retenues fiscales liées au vesting d’une attribution d’actions. Après ces prélèvements automatiques, la personne déclarante détenait effectivement 1 701 214 actions. Les opérations ont été déclarées sur un Form 4 et exécutées en plusieurs ventes qui ont réduit la position de manière incrémentale ; les dépôts indiquent que les ventes étaient automatiques dans le but déclaré de couvrir les impôts sur les attributions acquises.
Rati Sahi Levesque, CEO von The RealReal, meldete am 20.08.2025 die Veräußerung von 101.830 Stammaktien des Unternehmens zu einem Preis von $7,64 je Aktie, um die steuerliche Einbehaltung im Zusammenhang mit der Vested-Ausgabe einer Aktienvergütung zu erfüllen. Nach diesen automatischen Einbehaltungen hielt die meldende Person wirtschaftlich 1.701.214 Aktien. Die Transaktionen wurden in einem Form 4 angegeben und in mehreren Verkaufsereignissen ausgeführt, die die Position schrittweise verringerten; die Unterlagen geben an, dass die Verkäufe automatisch erfolgten, mit dem angegebenen Zweck, Steuern auf vestende Zuwendungen zu decken.
FAQ
What did The RealReal (REAL) CEO Rati Sahi Levesque sell and why?
How many shares does the reporting person own after the Form 4 transactions?
At what price were the shares sold in the Form 4?
Were these sales discretionary trades or automatic withholdings?
Do the filings show any option exercises or derivative transactions?
