Welcome to our dedicated page for Therealreal SEC filings (Ticker: REAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The RealReal, Inc.'s SEC filings document the operating results, governance actions and capital-structure disclosures of its authenticated luxury resale marketplace. Form 8-K reports furnish quarterly and annual earnings releases, including GMV, revenue, Adjusted EBITDA, operating cash flow and active buyer metrics tied to the company's consignment and direct revenue model.
Proxy and material-event filings cover board composition, director appointments and resignations, executive compensation, equity awards, shareholder voting matters, governance committees, material agreements and common-stock disclosures. The filings also identify The RealReal's registered common stock under the REAL symbol on the Nasdaq Global Select Market.
Madan Gopal Ajay, Chief Financial Officer of The RealReal, Inc. (REAL), reported dispositions of company common stock on 08/20/2025. Two automatic sales occurred to satisfy tax withholding on vested equity awards: 23,611 shares and 8,077 shares, each sold at $7.64 per share. After these transactions Ajay beneficially owned 1,221,128 shares and then 1,213,051 shares as reported on the form. The sales are described as automatic withholding related to vesting.
The RealReal, Inc. disclosed privately negotiated debt exchange transactions in which holders exchanged $49,478,000 aggregate principal of its 1.00% Convertible Senior Notes due 2028 for $43,394,000 aggregate principal of new 4.00% Convertible Senior Notes due 2031. The exchanges were governed by Exchange Agreements and the new notes are issued under the Indenture dated February 10, 2025, with U.S. Bank Trust Company, National Association as trustee. The company received no cash proceeds from these transactions. The filing incorporates an 8-K dated February 10, 2025, and references a Form of Exchange Agreement dated August 20, 2025, and a press release dated August 21, 2025.
Form 144 notice for The RealReal, Inc. (REAL) shows an intended sale of 60,750 common shares via Morgan Stanley Smith Barney on 08/18/2025 with an aggregate market value of $486,236.93. The filing reports the company has 115,237,276 shares outstanding. The shares to be sold were acquired by exercise on 02/01/2021 and paid in cash. Recent activity by the same person includes three sales in the past three months totaling 250,850 shares for gross proceeds of $1,684,553.87 (sales on 05/21/2025 and 08/15/2025). The filer affirms no undisclosed material adverse information and includes the standard Rule 144 representations.
The filing is a Form 144 notice for The RealReal, Inc. (REAL) reporting a proposed sale of 199,421 common shares with an aggregate market value of $1,579,374.44, to be effected on or about 08/18/2025 on NASDAQ. The filer identifies Morgan Stanley Smith Barney LLC as the broker and lists the total shares outstanding as 115,237,276. The notice also details the acquisition history of the shares sold, showing multiple grant and performance-share awards received from the issuer between 08/20/2023 and 05/20/2025. The document lists recent sales by Rati Sahi Levesque during the past three months, including transactions on 05/21/2025 and 08/15/2025, with gross proceeds reported.
Rati Sahi Levesque, Chief Executive Officer of The RealReal, Inc. (REAL), reported several transactions in mid-August 2025. On 08/15/2025 Ms. Levesque exercised an incentive stock option to acquire 36,119 shares at a $3.48 exercise price, bringing beneficial ownership to 2,214,334 shares. That same day she sold 36,119 shares at a weighted average price of $7.781 and later sold additional blocks: 115,000 shares (WAP $7.779) on 08/15/2025, 199,421 shares (WAP $7.92) on 08/18/2025, and 60,750 shares (WAP $8.00) on 08/18/2025. After these reported sales, her beneficial ownership was 1,803,044 shares. All holdings are reported as directly owned.
The RealReal, Inc. (REAL) Form 144 notice reports a proposed sale of 151,119 common shares with an aggregate market value of $1,175,733.39, to be sold on 08/15/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. The securities to be sold include 36,119 shares acquired by stock option exercise on 08/15/2025 (paid in cash) and 115,000 shares acquired by exercise on 02/01/2021 (paid in cash). The filer discloses a prior sale of 99,731 common shares on 05/21/2025 for gross proceeds of $508,820.48 by Rati Sahi Levesque. The notice includes the required representation that the seller is not aware of undisclosed material adverse information and contains the standard signature and criminal penalties warning.
Chatelle Aileen Lynch, Chief People Officer of TheRealReal, Inc. (REAL), reported the sale of 51,455 shares of the company's common stock on 08/12/2025. The filing shows a weighted average sales price of $7.4569, with individual sale prices ranging from $7.44 to $7.4801. After the reported disposition, the reporting person beneficially owned 613,577 shares, held directly. The Form 4 was filed by one reporting person and signed on behalf of Ms. Lynch on 08/14/2025.
TheRealReal, Inc. director Mark McCaffrey filed an initial ownership report on Form 3. The filing states that, at the time of the reported event on 08/05/2025, he did not beneficially own any TheRealReal securities. Both the non-derivative and derivative securities tables are effectively empty, and the remarks section explicitly notes that no securities are beneficially owned.
The form is filed as a single reporting person filing, confirming his role as a director but disclosing zero beneficial ownership in the company’s stock or related derivative instruments as of the reporting date.
The RealReal, Inc. (REAL) notice reports a proposed sale under Rule 144 of 51,455 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $383,694.79. The form states the company has 115,237,276 shares outstanding, and lists an approximate sale date of 08/12/2025. The shares were acquired as restricted stock in two grants: 22,169 shares on 02/20/2025 and 29,286 shares on 05/20/2025. The filing also discloses a sale of 20,318 shares on 05/21/2025 generating $103,660.74.
The filer signs a representation that they are not aware of any undisclosed material adverse information about the issuer. Several typical issuer contact fields in the form are not populated in the provided content.
Director Gilbert L. Baird III reported RSU vesting and an internal reallocation of holdings at The RealReal, Inc. (REAL). On 07/23/2025 he acquired 26,025 shares (reported as an acquisition at a $0 price, reflecting vested restricted stock units). The filing shows a corresponding indirect holding of 7,686,442 shares through GreyLion, reflecting shares held for funds managed by GreyLion Partners.
The filing explains the 26,025 shares are RSUs that vest on the earlier of one year from grant or immediately before the next annual meeting, subject to continued service. The reporting person disclaims beneficial ownership except for his pecuniary interest; GreyLion investment committees, including the reporting person, exercise voting and investment control for the funds holding the larger indirect stake.