Form 4: TheRealReal President Rati Levesque Sells Shares to Cover Tax Obligations
SEC Form 4
Rati Levesque, President of TheRealReal, Inc., sold shares of common stock on May 20, 2024, to satisfy tax obligations related to the vesting of an equity award.
Summary
- On May 20, 2024, Rati Levesque, President of TheRealReal, Inc., sold shares of the company's common stock.
- The sales were executed at a price of $4.2481 per share.
- A total of 45,867 shares were sold in multiple transactions.
- These transactions were conducted to cover the reporting person's tax obligations arising from the vesting of an equity award.
- Following these transactions, Rati Levesque still beneficially owns 1,266,852 shares of TheRealReal, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate positive or negative sentiment, so a neutral score is appropriate.
Industry Context
Sales of shares to cover tax obligations upon vesting of equity awards are a common practice among corporate executives. This transaction reflects a standard part of executive compensation and financial planning.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock sale transactions. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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