SCHEDULE: Rileys Reduce Stake in The RealReal Below 5%

Timothy and Angela Riley have reduced their beneficial ownership in The RealReal, Inc. to 4.9%, triggering an amendment to their Schedule 13G filing.

Summary

• Timothy M. Riley and Angela A. Riley have filed an Amendment No. 3 to their Schedule 13G for The RealReal, Inc.
• The reporting persons now beneficially own an aggregate of 5,800,000 shares of Common Stock, representing 4.9% of the class.
• This ownership percentage is below the 5% threshold that typically requires a Schedule 13G filing, indicating a reduction in their stake.
• Timothy M. Riley holds sole voting and dispositive power over 3,850,000 shares and shared power over 50,000 shares.
• Angela A. Riley holds sole voting and dispositive power over 1,900,000 shares and shared power over 50,000 shares.
• The event requiring this filing occurred on January 7, 2026.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a significant beneficial owner reducing their stake below the 5% threshold, which can be interpreted as a lack of confidence or a strategic divestment.

Positives

• NA

Negatives

• A significant beneficial owner, Timothy and Angela Riley, has reduced their stake in The RealReal, Inc. from above 5% to 4.9%, which could be interpreted by the market as a decrease in confidence or a strategic divestment.

Risks

• The reduction in beneficial ownership by a significant investor could lead to negative market sentiment and potential downward pressure on the company's stock price.
• A decrease in institutional or large individual ownership might reduce investor confidence in the company's long-term prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard disclosure of a change in beneficial ownership by a significant investor and does not directly relate to broader industry trends or competitor activities, other than reflecting an individual investor's decision regarding their stake in a company within the luxury resale market.

Stakeholder Impact

• Shareholders: The reduction in a significant investor's stake could lead to negative market sentiment and potentially impact the company's share price.
• Management: May need to address investor concerns regarding the reduction in a major shareholder's position.

Key Dates

Keywords

The RealReal, TRRR, Schedule 13G, Beneficial Ownership, Stock Ownership, SEC Filing, Timothy Riley, Angela Riley, Common Stock