TheRealReal CFO Madan Gopal Ajay Sells 36,418 Shares

What Happened
Madan Gopal Ajay, Chief Financial Officer of TheRealReal, sold a total of 36,418 shares on 2026-08-21 at $10.98 per share, for aggregate proceeds of about $399,870. The sale entries are: 8,067 shares ($88,576), 4,770 shares ($52,375) and 23,581 shares ($258,919). These were sales (S) reported on a Form 4 and, per the filing footnote, represent automatic share sales to satisfy withholding taxes in connection with the vesting of an equity award.

Key Details

• Transaction date: 2026-08-21; Filing date: 2026-08-24 (filed within the Form 4 reporting window).
• Price: $10.98 per share for all reported lots. Total proceeds ≈ $399,870.
• Transaction codes: S = Sale; Footnote F1 = automatic withholding sale to cover taxes on vesting.
• Shares owned after the transaction: Not specified in the provided filing.
• Nature of sale: Automatic tax-withholding (cashless disposition tied to vesting), not a discretionary open-market sell to raise cash.

Context
Tax-withholding share sales tied to vesting are routine and typically do not signal a change in an insider’s view of the company; purchases tend to be more informative about insider sentiment. This report documents an automatic, rather than discretionary, sale of vested shares by the CFO.