Madan Gopal Ajay 4
4 · TheRealReal, Inc. · Filed May 9, 2024
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.