4//SEC Filing
Madan Gopal Ajay 4
Accession 0001573221-24-000074
CIK 0001573221other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 4:16 PM ET
Size
7.4 KB
Accession
0001573221-24-000074
Insider Transaction Report
Form 4
Madan Gopal Ajay
Chief Financial Officer
Transactions
- Award
Common Stock
2024-05-08+550,000→ 550,000 total - Award
Common Stock
2024-05-08+700,000→ 1,250,000 total
Footnotes (4)
- [F1]Represents shares of The RealReal, Inc. (the "Company") common stock underlying performance-based restricted stock units ("PSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
- [F2]The PSUs will time-vest annually in four tranches beginning on March 18, 2025, with each tranche's vesting and settlement subject to (i) the achievement of a performance-based vesting condition based on the 60-day volume-weighted average price of one share of the Company's common stock of $5.00, $7.50, $10.00 and $15.00, respectively, measured over a four-year performance period, and (ii) the Reporting Person's continuous service as of each vesting date.
- [F3]Represents shares of The RealReal, Inc. (the "Company") common stock underlying restricted stock units ("RSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
- [F4]The RSUs will vest as to 25% of the original number of shares subject to the restricted stock unit award on February 20, 2025, and in twelve (12) equal installments on a quarterly basis thereafter, subject to the Reporting Person's continuous service as of each vesting date and subject to acceleration upon certain events.
Documents
Issuer
TheRealReal, Inc.
CIK 0001573221
Entity typeother
Related Parties
1- filerCIK 0002016432
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 4:16 PM ET
- Size
- 7.4 KB