Niki Leondakis - 31 Dec 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Reporting relationship: Director
Issuer ticker: REAL
Reported as of: 31 Dec 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Jan 2026, 16:19:03 UTC
Prior SEC filing: 01 Oct 2025
Source filing: View source filing
Reporting owner signature: By: Todd Suko For: Niki Leondakis

Key filing fact

Niki Leondakis filed Form 4 for TheRealReal, Inc. (REAL) on 07 Jan 2026.

Key facts

This page summarizes Niki Leondakis's Form 4 filing for TheRealReal, Inc. (REAL).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 07 Jan 2026, 16:19.

Change

Previous filing in this sequence was filed on 01 Oct 2025.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001780506 Primary reporting owner

Leondakis Niki

Relationship: Director
Address: C/O THEREALREAL, INC., 55 FRANCISCO STREET SUITE 400, SAN FRANCISCO
Signature: By: Todd Suko For: Niki Leondakis
Signature date: 07 Jan 2026

Reported non-derivative transactions

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

REAL transaction

Common Stock

Award

Transaction value: $0
Shares: +554
Change %: +0.27%
Price: $0.000000
Shares after: 207,489
Date: 31 Dec 2025
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon settlement of deferred restricted stock units (DRSUs). Each DRSU is the economic equivalent of one share of TheRealReal, Inc. common stock.

Footnote F2

The DRSUs were granted to the Reporting Person on December 31, 2025 pursuant to TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested. The DRSUs are deferred and generally will be settled upon the Reporting Persons separation from service as a Non-Employee Director of the TheRealReal Inc. or a date elected by the Reporting Person.