TheRealReal (REAL) Director Karen Katz Receives 14,150-Share Award

What Happened

• Karen Katz, a director of TheRealReal, Inc. (REAL), was granted 14,150 deferred restricted stock units (DRSUs) on July 27, 2026. The Form 4 reports an acquisition at $0.00 per share (total value shown as $0) because these are equity awards that will convert to common stock upon settlement rather than an open‑market purchase.

Key Details

• Transaction date: 2026-07-27; Filing date (Form 4): 2026-07-29 (filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 14,150 DRSUs; reported price: $0.00; reported total value: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 clarifies each DRSU is the economic equivalent of one share and will be issued upon settlement.
• Not a sale or purchase—this is a compensation/award grant to a director, not an open‑market trade.

Context

• DRSUs are deferred equity awards that convert to actual shares at a future settlement date (often subject to vesting and other conditions); they do not represent immediate cash payment or open‑market buying/selling. Such grants are common as director compensation and do not by themselves signal a buy/sell decision by the insider.