Form 4: TheRealReal CEO Rati Levesque Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
TheRealReal's CEO, Rati Levesque, disposed of 25,340 shares of common stock to cover tax obligations related to the vesting of a performance award.
Summary
- On December 17, 2024, Rati Levesque, CEO of TheRealReal, Inc., sold 25,340 shares of common stock.
- The shares were sold at a price of $9.51 per share.
- The transaction was executed to satisfy tax obligations arising from the vesting of 30,000 shares of a performance award granted on March 3, 2023.
- Following the transaction, Levesque directly owns 2,421,116 shares of TheRealReal, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) by the CEO. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The market typically analyzes these sales in the context of the executive's overall holdings and the company's performance.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders due to the increased supply of shares, but the amount is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| March 3, 2023 | Date of grant for the performance award related to the tax obligation. |
| December 17, 2024 | Date of the stock sale transaction. |
| December 18, 2024 | Date of signature for the Form 4 filing. |
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