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Insider Cluster (2 insiders) ·Filed Feb 23, 2026

REAL

TheRealReal, Inc.
BEARISH
Impact 6/10
Horizondays Processed8mo ago
Insider cluster: 2 insiders, $121K total
Actionable Insight ▼ Bearish

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.

DirectionBearish
Confidencehigh
Horizondays
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
Entry = T+0 close
Feb 22, 2026
via day close
T+1d
+5.83%
call -5.83% · α -5.10%
$11.61
settled 8mo ago
T+5d
+8.20%
call -8.20% · α -7.59%
$11.87
settled 8mo ago
T+20d
-14.95%
call +14.95% · α +11.00%
$9.33
settled 7mo ago
T+60d
-13.76%
call +13.76% · α +22.02%
$9.46
settled 5mo 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

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

Investment Themes

Consumer & Retail

Documents Analyzed

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

DocumentAccession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)cluster-REAL-1771969397215
14 reports for REAL
Performance horizon
80% Hit rate @ T+60 4 of 5 directional calls Went positive at some point 4 of 6 best @ T+60▲ +23.98%May 7, 2026
Filters
Rows
Reports for REAL — sortable, filterable
TypeNow
Oct 15, 2026
11d ago
8-K
BULLISH ★ 6/10
$10.54awaiting T+60—$10.79 (+2.37%)
Oct 14, 2026
12d ago
Press Release
NEUTRAL ★ 1/10
$10.54awaiting T+60—$10.79 (+2.37%)
Aug 24, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$11.12awaiting T+60—$10.79 (−2.97%)
Jul 16, 2026
14w ago
Press Release
NEUTRAL ★ 1/10
$11.21 $9.69▼ −13.56%▼ −18.24%$10.79 (−3.75%)
May 22, 2026
22w ago
Insider Cluster
NEUTRAL ★ 2/10
$9.50 $11.78▲ +24.00%▲ +21.28%$10.79 (+13.58%)
May 8, 2026
24w ago
S-3ASR
NEUTRAL ★ 3/10
$9.97 $12.65▲ +26.88%▲ +22.49%$10.79 (+8.22%)
May 7, 2026
24w ago
8-K
BULLISH ★ 8/10
$10.26 $12.72▲ +23.98%▲ +19.14%$10.79 (+5.17%)
Apr 27, 2026
26w ago
DEFA14A
NEUTRAL ★ 2/10
$11.78 $11.37▼ −3.48%▼ −7.47%$10.79 (−8.40%)
Apr 16, 2026
27w ago
Press Release
NEUTRAL ★ 1/10
$12.08 $10.88▼ −9.93%▼ −16.08%$10.79 (−10.68%)
Feb 26, 2026
34w ago
8-K
BULLISH ★ 8/10
$12.26 $9.50▼ −22.51%▼ −31.90%$10.79 (−11.99%)
Showing 10 of 14

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Report published Feb 24, 2026