Every Form 4 that Therealreal (REAL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow REAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REAL filings page.
TheRealReal, Inc. (REAL) reported that its Chief Financial Officer, Ajay Madan Gopal, had common stock transactions on August 21, 2026. A total of 36,418 shares of common stock were sold at $10.98 per share, and a footnote states these shares were automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award.
TheRealReal, Inc. (REAL) reported that Chief Product & Tech Officer Luke Thomas Friang had common stock automatically sold on 2026-08-21. Four transactions totaling 22,028 shares at $10.98 per share were executed to satisfy withholding taxes due upon the vesting of an equity award.
TheRealReal, Inc. (REAL) reported that Chief Accounting Officer Steve Ming Lo had shares of common stock sold on August 21, 2026, totaling 12,559 shares at prices around $10.97–$10.98 per share. According to the company’s disclosure, these shares were automatically sold to cover withholding taxes due on a vesting equity award.
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.
TheRealReal, Inc. (REAL) reported that Chief Executive Officer Rati Sahi Levesque had shares of common stock sold on August 21, 2026, totaling 84,432 shares at $10.98 per share. A footnote states these shares were automatically sold by TheRealReal to satisfy withholding taxes due on the vesting of an equity award, rather than as a discretionary open-market sale.
Miller James R. reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director James R. Miller received an equity compensation grant on July 27, 2026 representing 14,150 shares of common stock, to be issued upon settlement of deferred restricted stock units (DRSUs), each economically equivalent to one share. After this award, his directly reported holdings total 198,066 shares.
TheRealReal, Inc. director Caretha Coleman reported an equity compensation award on 2026-07-27. She acquired 14,150 deferred restricted stock units (DRSUs), each economically equivalent to one share of common stock and to be settled in stock, bringing her reported common stock holdings (including DRSUs) to 265,933 shares.
TheRealReal, Inc. director Jennifer McKeehan received an equity grant of 14,150 shares of common stock on 2026-07-27, reported as a grant or award acquisition at $0.0000 per share. A footnote explains these represent shares to be issued upon settlement of restricted stock units (RSUs), each equal to one common share. Following this grant, her directly held position is reported as 18,397 shares of common stock.
KROLIK ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. reported that director Robert J. Krolik received an equity award of 14,150 shares of common stock in the form of deferred restricted stock units (DRSUs) on July 27, 2026. Each DRSU equals one share of common stock upon settlement, bringing his directly held position to 205,507 shares.
KATZ KAREN reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Karen Katz received a grant of 14,150 deferred restricted stock units (DRSUs) on July 27, 2026. Each DRSU is the economic equivalent of one share of common stock and was awarded at $0.00, bringing her reported direct common stock-equivalent holdings to 253,883 shares.
McCaffrey Mark reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Mark McCaffrey received a grant of 14,150 shares of common stock on July 27, 2026, in the form of deferred restricted stock units, each economically equivalent to one share. This equity award increased his direct holdings to 27,755 shares of common stock.
KATZ KAREN reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Karen Katz reported receiving a grant of deferred restricted stock units, representing 1,378 shares of common stock. These units were granted on June 30, 2026 under TheRealReal Inc. 2019 Equity Incentive Plan, are fully vested, and are economically equivalent to common shares.
The DRSUs will be settled in shares of common stock upon her separation from service as a non-employee director or on a date she elects, so there is no immediate cash transaction. Following this grant, Katz’s direct holdings increased to 239,733 shares of common stock, reflecting a routine equity compensation award rather than an open-market purchase or sale.
McCaffrey Mark reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. reported that director Mark McCaffrey received a grant of 742 deferred restricted stock units (DRSUs), each equal in value to one share of common stock. The award was granted on June 30, 2026 under the company’s 2019 Equity Incentive Plan and is fully vested.
The DRSUs will be settled in common shares after McCaffrey’s separation from service as a non-employee director or on a date he has elected. Following this grant, he holds 13,605 shares of common stock directly.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported three open‑market sale entries of common stock on May 21, 2026, totaling 35,023 shares at $9.25 per share. A footnote states these shares were automatically sold by the company to cover withholding taxes due on the vesting of an equity award. Another footnote notes that his holdings include 994 shares acquired on May 14, 2026 through the company’s Employee Stock Purchase Plan, indicating the transactions are largely tax- and compensation-related rather than discretionary selling.
TheRealReal, Inc. Chief Accounting Officer Steve Ming Lo reported the disposition of 12,077 shares of common stock at $9.25 per share. According to the footnote, these shares were automatically sold by the company to cover withholding taxes due upon the vesting of an equity award, making this a routine tax-related transaction rather than a discretionary open-market sale.
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.
TheRealReal, Inc. Chief Product & Tech Officer Luke Thomas Friang reported dispositions of 21,183 shares of common stock on May 21, 2026 at $9.25 per share. A footnote explains these shares were automatically sold by The RealReal to cover withholding taxes tied to the vesting of an equity award, indicating this was a tax-related, non-discretionary event rather than an open-market portfolio decision. After these transactions, Friang continues to hold a direct position of more than 500,000 shares of common stock.
TheRealReal, Inc. Chief Executive Officer Rati Sahi Levesque reported transactions in the company’s common stock tied to equity compensation. A total of 81,194 shares were sold at $9.25 per share. According to the disclosure, these shares were automatically sold by TheRealReal to cover withholding taxes due upon the vesting of an equity award, rather than as a discretionary open-market trade by the executive.
Lo Steve Ming reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. reported that Chief Accounting Officer Steve Ming Lo received an equity award of 31,310 shares of common stock in the form of restricted stock units, granted at no cash cost to him. Following this grant, he holds 201,546 common shares directly.
The units were granted under TheRealReal Inc. 2019 Equity Incentive Plan and will vest in twelve equal quarterly installments from the vesting commencement date. This is a compensation-related award, not an open-market share purchase or sale.
McKeehan Jennifer reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Jennifer McKeehan reported receiving a grant of 4,247 shares of common stock in the form of restricted stock units. The RSUs were awarded at no cash cost to her.
These RSUs vest on the earlier of the first anniversary of the grant date or the day before the company’s next annual stockholder meeting, as long as she continues serving as a non-employee director through that date. After this grant, she directly holds 4,247 shares reported in this filing.
McCaffrey Mark reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Mark McCaffrey received an equity award of 963 shares of common stock in the form of deferred restricted stock units (DRSUs). The DRSUs were granted at no cash cost under TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested.
Each DRSU is economically equivalent to one share of common stock and will be settled in shares, generally upon his separation from service as a non-employee director or on a date he elects. Following this grant, McCaffrey directly holds 12,863 shares of TheRealReal common stock.
TheRealReal, Inc. director Karen Katz reported an acquisition of deferred equity compensation. She received 1,988 deferred restricted stock units (DRSUs), each economically equivalent to one share of common stock, granted under TheRealReal Inc. 2019 Equity Incentive Plan on March 31, 2026. Following this award, her directly held and deferred equity position is reported at 238,355 shares of common stock. The DRSUs are fully vested but will be settled in shares only upon her separation from service as a non-employee director or on a future date she has elected.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported an automatic sale of 51,585 shares of common stock at $9.29 per share. The shares were sold by The RealReal, Inc. to satisfy withholding taxes triggered by the vesting of 100,000 shares from a performance award granted on May 8, 2024. Following this tax-related sale, he holds 1,179,307 shares of common stock directly.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported automatic share sales and a new equity grant. On February 23, 2026, he sold a total of 31,381 shares of common stock in open-market transactions at $10.72 per share, with footnotes explaining these shares were automatically sold by TheRealReal, Inc. to cover withholding taxes due upon vesting of an equity award.
On the same date, he acquired 106,181 shares of common stock through a grant of restricted stock units under TheRealReal Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. These restricted stock units will vest in twelve equal quarterly installments from the vesting commencement date. After these transactions, he directly held 1,230,892 shares of TheRealReal, Inc. common stock.
TheRealReal, Inc. Chief Product & Tech Officer Luke Thomas Friang reported both sales and an equity award in company stock. On February 23, 2026, he had a total of 19,609 shares of common stock automatically sold at $10.72 per share to cover withholding taxes due on a vesting equity award. These transactions were coded as open-market sales but were driven by tax obligations rather than discretionary trading.
On the same date, Friang received a grant of 72,203 restricted stock units under TheRealReal, Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. The restricted stock units will vest in twelve equal quarterly installments, and each unit is the economic equivalent of one share of common stock. Following these transactions, his directly held common stock position was reported as 551,859 shares.
TheRealReal, Inc. Chief Legal Officer Todd A. Suko reported multiple open-market sales totaling 45,947 shares of common stock at $10.72 per share on February 23, 2026. Footnotes state these shares were automatically sold to cover withholding taxes tied to vesting equity awards.
On the same date, Suko was granted 63,708 restricted stock units under TheRealReal’s 2019 Equity Incentive Plan. These units vest in twelve equal quarterly installments, and following the reported transactions he directly holds 624,271 shares of common stock.
TheRealReal, Inc. Chief Executive Officer Rati Sahi Levesque reported a mix of tax-related stock sales and a new equity award. On February 23, 2026, she sold a total of 121,399 shares of common stock at $10.72 per share in open-market transactions that the company automatically executed to satisfy withholding taxes due on vesting equity awards, including 50,000 shares from a performance award granted on March 3, 2023.
On the same date, she was granted 179,691 restricted stock units under TheRealReal’s 2019 Equity Incentive Plan. Each unit equals one share of common stock and will vest in twelve equal quarterly installments. Following these transactions, she directly owned 1,662,470 shares of TheRealReal common stock.
TheRealReal, Inc. reported that Chief Accounting Officer Steve Ming Lo had a total of 16,962 shares of common stock automatically sold at $10.72 per share to satisfy withholding taxes due on a vesting equity award. After these tax-related sales, he directly holds 170,236 shares of common stock.
TheRealReal director Karen Katz reported an equity award of deferred restricted stock units (DRSUs). On December 31, 2025, she was granted 1,107 shares of common stock at a price of $0, issued upon settlement of DRSUs where each unit is economically equivalent to one share of TheRealReal, Inc. common stock.
The DRSUs were granted under TheRealReal Inc. 2019 Equity Incentive Plan, are fully vested, and are deferred to be settled generally upon her separation from service as a non-employee director or on a date she elects. Following this award, Katz beneficially owns 236,367 shares of TheRealReal common stock in direct form.
TheRealReal, Inc. director Niki Leondakis reported an equity award. On December 31, 2025, she was granted 554 deferred restricted stock units (DRSUs), each economically equivalent to one share of TheRealReal common stock, at a price of $0 per unit under the company’s 2019 Equity Incentive Plan. The DRSUs are fully vested but deferred and will generally be settled in common shares upon her separation from service as a non-employee director or on a date she elects. Following this grant, she beneficially owns 207,489 shares of TheRealReal common stock directly.
TheRealReal, Inc. (REAL) reported an insider stock transaction by its Chief Financial Officer, Ajay Madan Gopal. On 11/21/2025, the CFO had two sales of common stock totaling 30,196 shares, with 22,499 shares and 7,697 shares each sold at a price of $13.06 per share. According to the explanation, these shares were automatically sold by TheRealReal, Inc. to cover withholding taxes due upon the vesting of an equity award, meaning they were related to tax obligations rather than discretionary open-market sales. After these transactions, the CFO beneficially owned 1,184,612 shares of common stock, which includes 1,757 shares acquired on November 14, 2025 through the company’s Employee Stock Purchase Plan. This filing reflects routine equity compensation and tax withholding activity for a senior executive.
TheRealReal, Inc. (REAL) reported insider share sales by its Chief Accounting Officer, Steve Lo. On 11/21/2025, Lo had four separate sales of common stock totaling 6,429, 5,358, 8,571 and 2,068 shares, each at a price of $13.06 per share. These transactions were reported as sales of shares automatically made by The RealReal, Inc. to cover withholding taxes due upon the vesting of an equity award.
Following these tax-related transactions, Lo beneficially owned 309,342 shares of TheRealReal common stock in direct ownership.
TheRealReal, Inc. (REAL) filed a Form 4 reporting automatic share sales by its Chief Product & Tech Officer, Luke Friang. On 11/21/2025, three sales of common stock were reported at a price of $13.06 per share, involving 8,095, 8,137, and 2,387 shares. According to the explanation, these shares were sold automatically by The RealReal, Inc. to cover withholding taxes tied to the vesting of an equity award, rather than discretionary open‑market sales. After these transactions, Friang beneficially owned 499,265 shares of common stock directly.
TheRealReal, Inc. (REAL) reported insider activity by its Chief Executive Officer on a Form 4. On 11/21/2025, the CEO had several sales of common stock, including blocks of 4,395, 4,790, 15,000, 19,285 and 53,566 shares at a price of $13.06 per share. According to the explanation, these shares were automatically sold by The RealReal, Inc. to satisfy withholding taxes due upon the vesting of an equity award, rather than discretionary open-market sales. Following these transactions, the CEO directly beneficially owned 1,604,178 shares of TheRealReal common stock.
TheRealReal, Inc. (REAL) reported an insider transaction by its Chief Legal Officer and Secretary, Todd Suko. On 11/21/2025, multiple sales of common stock were recorded at a price of $13.06 per share, including transactions of 2,638 shares, 3,354 shares, 9,000 shares, 12,000 shares, and 4,619 shares. After these sales, Suko beneficially owned 679,443 shares of TheRealReal common stock in direct form.
The company explains that these shares were automatically sold by TheRealReal, Inc. to satisfy withholding taxes due in connection with the vesting of an equity award. This means the transactions were related to tax obligations on compensation rather than discretionary open-market sales.
TheRealReal, Inc. officer Todd Suko reported a stock sale. On 11/18/2025, he sold 75,693 shares of TheRealReal common stock in open-market transactions at a weighted average price of $14.079 per share, with individual trades ranging from $14.00 to $14.19. After this transaction, he beneficially owns 711,054 shares of the company’s stock, including 958 shares acquired on November 14, 2025 through the company’s Employee Stock Purchase Plan. The filing identifies him as the company’s Chief Legal Officer and Secretary and notes that the shares are held directly.
TheRealReal, Inc. (REAL) reported a large insider stock sale by director Gilbert L. Baird III, acting through investment entities affiliated with GreyLion Partners. On 11/17/2025, the reporting person sold 7,686,442 shares of TheRealReal common stock in a single block trade at $13.21 per share under Rule 144. After this transaction, the form states that the reporting person beneficially owned 0 shares indirectly through Grey Lion, indicating a full exit of this reported position.
TheRealReal, Inc. (REAL) reported a director equity award. On 10/22/2025, a director acquired 11,900 shares via a restricted stock unit grant at $0. Following the transaction, 11,900 shares were beneficially owned, held directly.
The RSUs vest on the earlier of the first anniversary of the grant date or the date immediately preceding the next annual meeting of stockholders, subject to the non-employee director’s continued service through the vesting date.
Karen Katz, a director of TheRealReal, Inc. (REAL), was granted 1,528 deferred restricted stock units (DRSUs) on 09/30/2025 that are fully vested and will be settled in shares upon separation or an elected date. Each DRSU equals one share of common stock and the reported transaction shows 1,528 shares issued at $0, bringing the reporting person’s beneficial ownership to 235,260 shares. The grant was made under TheRealReal, Inc. 2019 Equity Incentive Plan and the DRSUs are deferred rather than immediately issued as shares.
The filing is a routine director equity grant disclosure under Section 16 and does not include derivative transactions or cash-paid purchases. The form indicates one reporting person and is signed on behalf of the reporting person on 10/01/2025.
Niki Leondakis, a director of TheRealReal, Inc. (REAL), was granted 823 deferred restricted stock units (DRSUs) on 09/30/2025 that are fully vested and carry the economic equivalent of one common share each. The reported transaction shows these DRSUs have a $0 acquisition price and will be settled into shares upon the director's separation from service or on a later date elected by the director. After this grant, the reporting person beneficially owns 206,935 shares of common stock. The award was made under TheRealReal, Inc. 2019 Equity Incentive Plan and the DRSUs are deferred rather than immediately issued as shares.