Rati Sahi Levesque - 15 Aug 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Reporting relationship: Chief Executive Officer
Issuer ticker: REAL
Reported as of: 15 Aug 2025
Net transaction value: -$3,115,347
SEC form: 4
Accepted by SEC: 18 Aug 2025, 17:54:54 UTC
Prior SEC filing: 22 May 2025
Next SEC filing: 22 Aug 2025
Source filing: View source filing
Reporting owner signature: by Todd Suko, Attorney in Fact for Rati Sahi Levesque

Key filing fact

Rati Sahi Levesque filed Form 4 for TheRealReal, Inc. (REAL) on 18 Aug 2025.

Key facts

This page summarizes Rati Sahi Levesque's Form 4 filing for TheRealReal, Inc. (REAL).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 Aug 2025, 17:54.

Change

Previous filing in this sequence was filed on 22 May 2025.
Current net transaction value: -$3,115,347.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001780551 Primary reporting owner

Sahi Levesque Rati

Relationship: Chief Executive Officer
Address: C/O THEREALREAL, INC., 55 FRANCISCO STREET SUITE 400, SAN FRANCISCO
Signature: by Todd Suko, Attorney in Fact for Rati Sahi Levesque
Signature date: 18 Aug 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

REAL transaction

Common Stock

Options Exercise

Transaction value: $125,694
Shares: +36,119
Change %: +1.7%
Price: $3.48
Shares after: 2,214,334
Date: 15 Aug 2025
Ownership: Direct

REAL transaction

Common Stock

Sale

Transaction value: $281,042
Shares: -36,119
Change %: -1.6%
Price: $7.78
Shares after: 2,178,215
Date: 15 Aug 2025
Ownership: Direct
Footnotes: F1

REAL transaction

Common Stock

Sale

Transaction value: $894,585
Shares: -115,000
Change %: -5.3%
Price: $7.78
Shares after: 2,063,215
Date: 15 Aug 2025
Ownership: Direct
Footnotes: F1

REAL transaction

Common Stock

Sale

Transaction value: $1,579,414
Shares: -199,421
Change %: -9.7%
Price: $7.92
Shares after: 1,863,794
Date: 18 Aug 2025
Ownership: Direct
Footnotes: F2

REAL transaction

Common Stock

Sale

Transaction value: $486,000
Shares: -60,750
Change %: -3.3%
Price: $8.00
Shares after: 1,803,044
Date: 18 Aug 2025
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

REAL transaction Derivative

Incentive Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -36,119
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Aug 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 36,119
Exercise price: $3.48
Footnotes: 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 the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $7.69 to $7.94. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

Footnote F2

Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $7.67 to $8.05. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

Footnote F3

Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $7.98 to $8.02. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

Footnote F4

The option, representing the right to purchase a total of 36,119 shares of Common Stock, became fully exercisable on December 17, 2019.