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Insider Cluster (4 insiders) ·Filed Feb 23, 2026

REAL

TheRealReal, Inc.
BEARISH
Impact 6/10
Horizondays Processed8mo ago
Insider cluster: 4 insiders, $0.3M total
Actionable Insight ▼ Bearish

Monitor for Form 4 filings to determine if these trades were part of a pre-arranged 10b5-1 plan or discretionary. Absent such disclosure, the concentration of C-suite selling may signal reduced confidence ahead of earnings or strategic challenges. Consider pairing with short interest and options flow for confirmation.

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

Four corporate insiders at TheRealReal, Inc. (REAL) sold shares on February 23, 2026, including the CEO and other C-suite executives, in a coordinated cluster totaling $256,755. All sales occurred at $10.72 per share, indicating a deliberate transaction window, likely tied to vesting or pre-arranged 10b5-1 plans. The participation of multiple senior executives raises questions about confidence, though no negative news accompanied the trades.

Key Financial Metrics

Direction
selling
Total Value
$256.8K
Insiders
4

Key Facts

  • Four insiders sold shares on the same day: CEO, Chief Product & Tech Officer, Chief Accounting Officer, and Chief Legal Officer.
  • Total value of sales: $256,755 across 23,951 shares.
  • All shares were sold at $10.72 per share, suggesting a coordinated or automated trading plan.
  • No insider buying was reported in the cluster.

Financial Impact

$256,755 in insider selling over a single day

insider ownershipinvestor sentimentpotential dilution signal

Risk Factors

  • Insider selling can be routine (e.g., diversification, pre-scheduled plans) and not necessarily predictive of performance.
  • Lack of accompanying negative news or financial data limits immediate bearish conviction.

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 (4 trades, 7d window)cluster-REAL-1771969487486
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

US Market Status

Market Closed — Opens Wed (10h 10m)

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Report published Feb 24, 2026