4//SEC Filing
Koryl John E 4
Accession 0001963995-23-000002
CIK 0001573221other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 6:55 PM ET
Size
7.8 KB
Accession
0001963995-23-000002
Insider Transaction Report
Form 4
Koryl John E
Other
Transactions
- Award
Common Stock
2023-03-03+1,500,000→ 1,500,000 total - Award
Common Stock
2023-03-03+1,250,000→ 2,750,000 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 be earned when both the time-based and performance-based vesting conditions are satisfied for the applicable tranche, as follows: a) 150,000 PSUs time-vest on February 20, 2024 and performance-vest upon the Company's stock price achievement of $5.00; (b) 300,000 PSUs time-vest on February 20, 2025 and performance-vest upon the Company's stock price achievement of $7.50; (c) 350,000 PSUs time-vest on February 20, 2026 and performance-vest upon the Company's stock price achievement of $10.00; and (d) 700,000 PSUs time-vest on February 20, 2027 and performance-vest upon the Company's stock price achievement of $15.00, in each case, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events. The Company's stock price achievement is measured over a five-year performance period based on the 60-day volume-weighted average price of one share of the Company's common stock.
- [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]Twenty-five percent of the RSUs will vest on February 20, 2024, and the remainder of the RSUs will vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events.
Documents
Issuer
TheRealReal, Inc.
CIK 0001573221
Entity typeother
Related Parties
1- filerCIK 0001963995
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 6:55 PM ET
- Size
- 7.8 KB