Madan Gopal Ajay 4

What Happened Madan Gopal Ajay, Chief Financial Officer of TheRealReal, sold 51,585 shares on March 19, 2026 at $9.29 per share, generating proceeds of approximately $479,225. This was a sale (not a purchase) and was executed to satisfy tax withholding obligations related to the vesting of a prior performance award, rather than a discretionary open-market sale.

Key Details

• Transaction date and price: 2026-03-19, 51,585 shares at $9.29 each (total ≈ $479,225).
• Mechanism: Shares were automatically sold by The RealReal to cover withholding taxes (footnote F1).
• Related award: Withholding relates to the vesting of 100,000 shares from a performance award granted May 8, 2024.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-03-20 for a 2026-03-19 transaction (appears timely).
• Filing accession: 0002016432-26-000004.

Context This sale is a routine tax-withholding transaction (footnote F1) tied to equity compensation vesting. Such automatic withholding sales are common and do not necessarily indicate the insider’s view on the company’s shares.