Form 4: TheRealReal Officer Sells Shares for Tax Withholding

TheRealReal's Chief Product & Tech Officer, Luke Friang, sold 18,619 shares of common stock on November 21, 2025, to cover tax obligations from an equity award.

Summary

• Luke Thomas Friang, Chief Product & Tech Officer of TheRealReal, Inc. (REAL), reported a sale of common stock.
• The transactions occurred on November 21, 2025.
• A total of 18,619 shares were sold across three separate transactions.
• The shares were sold at a price of $13.06 per share.
• The total value of the shares sold amounted to $243,160.14.
• The sales were automatic and conducted to satisfy withholding taxes associated with the vesting of an equity award.
• Following these transactions, Friang beneficially owns 499,265 shares of TheRealReal, Inc. common stock.

Sentiment

Score: 5

Explanation: The transaction reported is a non-discretionary sale of shares to cover tax obligations related to an equity award vesting, which is a routine event for executives and does not indicate a change in sentiment regarding the company's future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence.

Key Dates

Keywords

TheRealReal, REAL, Form 4, Insider Transaction, Stock Sale, Equity Award, Tax Withholding, Luke Friang