TheRealReal (REAL) Director Robert J. Krolik Receives 14,150 DRSUs

What Happened

• Robert J. Krolik, 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 (transaction code A) of 14,150 shares at $0.00 per share (aggregate $0) — a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-27; Form 4 filed: 2026-07-29 (filed within the usual two-business-day window).
• Grant: 14,150 DRSUs; reported price: $0.00 per unit (award/grant).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnote: F1 — these are deferred restricted stock units that will be issued as common stock upon settlement; each DRSU equals the economic equivalent of one share.
• Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or sale reported in this filing.

Context

• DRSUs are compensation awards that convert to actual shares only upon settlement/vesting; they do not represent immediately tradable shares and are not the same as an open-market purchase.
• Such awards are common for directors and employees as part of pay/retention programs and should be interpreted as compensation, not an immediate bullish market signal.