REAL CLUSTER SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

REAL ▼ -13.76% at T+60d

SHORT call ✓ call won +13.76% · α vs SPY +22.02% · entry $10.97 → $9.46

Currently $10.28 · +6.29% from $10.97 entry (call sign-flipped)

Entry anchored
Feb 20, 03:59 PM ET
via Databento tick

T+1d

+5.83%

call -5.83% · α -5.10%

$11.61

settled 4mo ago

T+5d

+8.20%

call -8.20% · α -7.59%

$11.87

settled 4mo ago

T+20d

-14.95%

call +14.95% · α +11.00%

$9.33

settled 3mo ago

T+60d

-13.76%

call +13.76% · α +22.02%

$9.46

settled 26d ago

Price Chart

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Executive Summary

Two executives at TheRealReal, including the CEO and Chief Accounting Officer, sold shares totaling $121,307 within a single day, indicating coordinated insider selling. The transactions occurred at $10.72 per share, representing a notable cluster of insider activity.

Key Financial Metrics

Direction

selling

Total Value

$121.3K

Insiders

2

Actionable Insight

Traders should monitor for potential downward pressure on the stock; coordinated C-suite selling often precedes negative news or weak guidance. Check upcoming earnings dates and any recent press releases for hidden red flags.

Key Facts

CEO Sahi Levesque Rati sold 5,265 shares for $56,440.80 on February 23, 2026.
Chief Accounting Officer Steve Ming Lo sold 6,051 shares for $64,866.72 on the same day.
Total insider selling in the past 7 days: $121,307 across 2 transactions.
Both sales occurred at $10.72 per share, suggesting planned or coordinated disposition.

Financial Impact

$121,307 in insider sales over 7 days, all concentrated on one day

insider ownershipinvestor confidencepotential dilution signal

Risk Factors

Insider selling may indicate lack of confidence in near-term prospects.
Concentration of sales among top financial officers (CEO and CAO) increases concern.
No offsetting insider buying to suggest balance.

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)	cluster-REAL-1771969397215

10 reports for REAL

T+1T+5T+20T+60

60% Hit rate 3 of 5 directional calls best @ T+20▲ +14.95%Feb 23, 2026

Filters

Reports for REAL — sortable, filterable
	Type				Now
May 22, 2026 21d ago	Insider Cluster NEUTRAL ★ 2/10	$9.50 $9.79	▲ +3.05%	▲ +1.84%	$10.28 (+8.21%)
May 8, 2026 5w ago	S-3ASR NEUTRAL ★ 3/10	$9.97 $9.46	▼ −5.12%	▼ −5.03%	$10.28 (+3.11%)
May 7, 2026 5w ago	8-K BULLISH ★ 8/10	$10.26 $9.35	▼ −8.87%	▼ −10.33%	$10.28 (+0.19%)
Apr 27, 2026 6w ago	DEFA14A NEUTRAL ★ 2/10	$11.78 $12.85	▲ +9.08%	▲ +7.39%	$10.28 (−12.73%)
Apr 16, 2026 8w ago	Press Release NEUTRAL ★ 3/10	$12.08 $12.28	▲ +1.66%	▲ +1.10%	$10.28 (−14.90%)
Feb 26, 2026 15w ago	8-K BULLISH ★ 8/10	$12.26 $11.31	▼ −7.75%	▼ −5.77%	$10.28 (−16.15%)
Feb 23, 2026 15w ago	Insider Cluster BEARISH ★ 7/10	$10.97 $11.87	▼ −8.20%	▼ −7.59%	$10.28 (+6.29%)
Feb 23, 2026 15w ago	Insider Cluster BEARISH ★ 6/10	$10.97 $11.87	▼ −8.20%	▼ −7.59%	$10.28 (+6.29%)
Feb 23, 2026 15w ago	Insider Cluster BEARISH ★ 6/10	$10.97 $11.87	▼ −8.20%	▼ −7.59%	$10.28 (+6.29%)
Feb 23, 2026 15w ago	Insider Cluster BEARISH ★ 6/10	$10.97 $11.87	▼ −8.20%	▼ −7.59%	$10.28 (+6.29%)

US Market Status

Market Closed — Opens Mon (49h 35m)

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