Form 4: TheRealReal Director Niki Leondakis Reports Stock Award and Disposal

Director Niki Leondakis reports acquisition of restricted stock units and disposal of common stock in TheRealReal, Inc.

Summary

• On July 24, 2024, Niki Leondakis, a director of TheRealReal, Inc., reported transactions involving the company's stock.
• Leondakis acquired 50,925 shares of common stock through restricted stock units (RSUs) at a price of $0.00.
• The RSUs vest on the earlier of the first anniversary of the grant date or the date immediately preceding the next annual meeting of the company's stockholders, contingent upon continued service.
• Leondakis also disposed of 176,638 shares of common stock.
• Following these transactions, Leondakis beneficially owns 176,638 shares of TheRealReal, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service and will occur on the earlier of the first anniversary of the grant date or the date immediately preceding the next annual meeting of the company's stockholders.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is common for directors to receive stock-based compensation, such as RSUs, as part of their overall compensation package.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into their perspective on the company's value and future prospects.

Key Dates