Form 4: TheRealReal CEO John Koryl Sells Shares to Cover Tax Obligations
SEC Form 4
TheRealReal's CEO, John Koryl, sold shares of common stock to cover tax obligations related to the vesting of an equity award.
Summary
- On May 20, 2024, John Koryl, CEO of TheRealReal, Inc., sold 31,412 shares of common stock at a price of $4.2481 per share.
- The sale was executed to satisfy the reporting person's tax obligation related to the vesting of an equity award.
- Following the transaction, Koryl still beneficially owns 2,988,552 shares of TheRealReal, Inc.
- This total includes 5,000 shares acquired through the company's Employee Stock Purchase Plan on May 14, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to tax obligations or portfolio diversification. The impact on the stock price is usually minimal unless the sale is unusually large or signals a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | John Koryl acquired 5,000 shares through the company's Employee Stock Purchase Plan. |
| 05/20/2024 | John Koryl sold 31,412 shares of common stock to cover tax obligations. |
| 05/21/2024 | Date of signature for the Form 4 filing. |
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