Madan Gopal Ajay 4
4 · TheRealReal, Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
TheRealReal CFO Madan Gopal Ajay Receives Award, Sells Shares
What Happened Madan Gopal Ajay, Chief Financial Officer of TheRealReal, received a grant of 106,181 restricted stock units (RSUs) on Feb 23, 2026 (reported as an award, Code A). To satisfy tax withholding on the vesting, 31,381 shares were automatically sold the same day in two open-market dispositions: 23,511 shares at $10.72 each ($252,038) and 7,870 shares at $10.72 each ($84,366), for total proceeds of $336,404. An award (A) is an acquisition of RSUs (no out-of-pocket cost); the sales (S) were routine tax-withholding disposals.
Key Details
- Transaction date: 2026-02-23; filing date: 2026-02-24 (appears timely).
- Sales: 23,511 shares @ $10.72 = $252,038; 7,870 shares @ $10.72 = $84,366; total sold = 31,381 shares for $336,404.
- Award: 106,181 RSUs granted @ $0.00 (no cash paid).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: Shares sold were automatically sold to satisfy withholding taxes on the vesting.
- F2: RSUs represent one share each and will be issued upon vesting.
- F3: RSUs granted under TheRealReal, Inc. 2019 Equity Incentive Plan; vest in 12 equal quarterly installments from the vesting commencement date.
Context RSU grants (A) are compensation awards that convert to shares as they vest; the simultaneous automatic sale (F1) is a common cashless step to cover payroll taxes and does not necessarily signal the insider’s view of the stock. For retail investors, purchases are usually more indicative of bullish insider sentiment; these transactions reflect compensation vesting and tax withholding rather than an active investment decision.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-02-23$10.72/sh−23,511$252,038→ 1,132,581 total - Sale
Common Stock
[F1]2026-02-23$10.72/sh−7,870$84,366→ 1,124,711 total - Award
Common Stock
[F2][F3]2026-02-23+106,181→ 1,230,892 total
Footnotes (3)
- [F1]Represents shares of common stock automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award.
- [F2]Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units. Each restricted stock unit is the economic equivalent of one share of TheRealReal, Inc. common stock.
- [F3]The restricted stock units were granted to the Reporting Person on the Transaction Date pursuant to TheRealReal Inc. 2019 Equity Incentive Plan. The restricted stock units will vest in twelve (12) equal installments on a quarterly basis from the vesting commencement date.