TheRealReal Director Karen Katz Receives 2,262-Share Award

What Happened Karen Katz, a director of TheRealReal, Inc. (REAL), was granted 2,262 deferred restricted stock units (DRSUs) on September 30, 2026. The Form 4 reports the acquisition as an award (code A) at a reported price of $0.00. The DRSUs are the economic equivalent of common shares and will be settled into shares per the plan terms; no cash purchase or sale occurred.

Key Details

• Transaction date: 2026-09-30 (Form 4 filed 2026-10-01).
• Transaction type/code: Grant/Award (A).
• Amount: 2,262 DRSUs; price reported $0.00 (award/grant).
• Shares owned after transaction: Not stated in the filing.
• Footnotes:
  • F1: Each DRSU equals the economic value of one share and will convert to common stock upon settlement.
  • F2: DRSUs were granted under TheRealReal, Inc. 2019 Equity Incentive Plan, are fully vested, but are deferred and generally will be settled upon the Reporting Person’s separation as a non-employee director or on a date elected by the Reporting Person.
• Timeliness: Filing appears timely (filed one day after the transaction date, within the usual Form 4 reporting window).

Context DRSUs are deferred equity awards (not an open-market purchase or sale) commonly used for director compensation. Because the award is deferred and will convert to shares later, it does not necessarily signal immediate buying or selling interest; it is a routine compensation-related grant documented for disclosure.