Sahi Levesque Rati 4

What Happened Sahi Levesque Rati, CEO of TheRealReal, reported sales of 121,399 shares on Feb 23, 2026 at $10.72 per share totaling approximately $1,301,398. The filing also shows the vesting/award of 179,691 restricted stock units (RSUs) reported as acquired at $0.00 (economic equivalent of shares) tied to equity awards.

Key Details

• Transaction date: Feb 23, 2026; Form 4 filed Feb 24, 2026 (appears timely).
• Sales (open market/private sale code S):
  • 5,265 shares @ $10.72 = $56,441
  • 15,339 shares @ $10.72 = $164,434
  • 26,294 shares @ $10.72 = $281,872
  • 19,721 shares @ $10.72 = $211,409
  • 54,780 shares @ $10.72 = $587,242
  • Total sold: 121,399 shares for ~$1,301,398.
• Acquisition (code A): 179,691 RSUs reported as acquired at $0.00 (vesting award).
• Footnotes:
  • F1/F2: Portions of shares were automatically sold by the company to satisfy withholding tax obligations tied to award vesting.
  • F3: RSUs represent the economic equivalent of one share each and will be issued upon vesting.
  • F4: These RSUs were granted under the 2019 Equity Incentive Plan and vest in 12 equal quarterly installments from the vesting commencement date.
• Shares owned after the transactions are not specified in the provided excerpt.

Context The reported share disposals were linked to tax-withholding obligations from vesting awards (per footnotes), a routine administrative transaction that does not necessarily signal the insider's view on the company's stock. The larger event is the issuance/vesting of RSUs (179,691), which increases the insider's potential future share holdings subject to the stated vesting schedule.