Sahi Levesque Rati 4

What Happened
Sahi Levesque Rati, CEO of TheRealReal, disposed of a total of 81,194 shares on May 21, 2026 in three reported sales at $9.25 per share, generating aggregate proceeds of approximately $751,046. The transactions are reported as sales (S) and, per the filing footnote, represent shares automatically sold by the company to satisfy tax withholding obligations tied to the vesting of an equity award. These are routine withholding-related disposals rather than discretionary open-market cash raises by the insider.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-22 (appears timely; Form 4 is generally due within two business days).
• Individual trades reported:
  • 19,438 shares sold @ $9.25 — $179,802
  • 53,994 shares sold @ $9.25 — $499,445
  • 7,762 shares sold @ $9.25 — $71,799
• Total: 81,194 shares sold for ~$751,046.
• Footnote F1: Shares were automatically sold by TheRealReal to satisfy withholding taxes on a vested equity award (tax-withholding sale).
• Shares owned after transaction: Not specified in the information provided from the filing excerpt.

Context

• Tax-withholding (cashless) sales are common when restricted stock or other awards vest; they are administrative and do not necessarily reflect the insider’s view on the company’s prospects.
• Sales are coded as S (sale). No information here indicates a 10% owner transaction, option exercise, or a 10b5-1 plan.