Key facts
- This page summarizes John E. Koryl's Form 4 filing for TheRealReal, Inc. (REAL).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 07 Mar 2023, 17:55.
John E. Koryl - 03 Mar 2023 Form 4 Insider Report for TheRealReal, Inc. (REAL)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- REAL
- Reported as of
- 03 Mar 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Mar 2023, 17:55:30 UTC
- Prior SEC filing
- 08 Feb 2023
- Next SEC filing
- 25 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- by Todd Suko, Attorney in Fact for John Koryl
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
John E. Koryl filed Form 4 for TheRealReal, Inc. (REAL) on 07 Mar 2023.
Change
- Previous filing in this sequence was filed on 08 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
REAL
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +1,500,000
- Change %
- Price
- $0.000000
- Shares after
- 1,500,000
- Date
- 03 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F2
REAL
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +1,250,000
- Change %
- +83%
- Price
- $0.000000
- Shares after
- 2,750,000
- Date
- 03 Mar 2023
- Ownership
- Direct
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents shares of The RealReal, Inc. (the "Company") common stock underlying performance-based restricted stock units ("PSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
Footnote F2
The PSUs will be earned when both the time-based and performance-based vesting conditions are satisfied for the applicable tranche, as follows: a) 150,000 PSUs time-vest on February 20, 2024 and performance-vest upon the Company's stock price achievement of $5.00; (b) 300,000 PSUs time-vest on February 20, 2025 and performance-vest upon the Company's stock price achievement of $7.50; (c) 350,000 PSUs time-vest on February 20, 2026 and performance-vest upon the Company's stock price achievement of $10.00; and (d) 700,000 PSUs time-vest on February 20, 2027 and performance-vest upon the Company's stock price achievement of $15.00, in each case, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events. The Company's stock price achievement is measured over a five-year performance period based on the 60-day volume-weighted average price of one share of the Company's common stock.
Footnote F3
Represents shares of The RealReal, Inc. (the "Company") common stock underlying restricted stock units ("RSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
Footnote F4
Twenty-five percent of the RSUs will vest on February 20, 2024, and the remainder of the RSUs will vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events.