SecBot SecBot
Insider Cluster (5 insiders) ·Filed Feb 23, 2026

REAL

TheRealReal, Inc.
BEARISH
Impact 7/10
Horizondays Processed8mo ago
Insider cluster: 5 insiders, $0.5M total
Actionable Insight ▼ Bearish

Traders should monitor for upcoming earnings disclosures or corporate updates, as coordinated C-suite selling often precedes negative developments. Consider hedging long positions or reducing exposure ahead of potential downward pressure.

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

Loading chart...

Executive Summary

Five corporate insiders at TheRealReal, Inc. (REAL), including the CEO, CFO, and other C-suite executives, collectively sold shares worth over $500,000 in a single day. The coordinated selling across key executives raises concerns about insider sentiment despite no public negative news.

Key Financial Metrics

Direction
selling
Total Value
$509.8K
Insiders
5

Key Facts

  • CFO Madan Gopal Ajay sold $252,037 worth of shares, the largest individual transaction.
  • All five insiders sold on the same day (2026-02-23) at the same price ($10.72 per share).
  • Total value of insider sales: $509,792.64 over 7 days, with all transactions concentrated on one date.
  • Sellers include CEO, CFO, Chief Legal Officer, Chief Accounting Officer, and Chief Product & Tech Officer — representing broad C-suite participation.
  • No insider buys were reported in the 30-day period.

Financial Impact

$509,793 in insider selling over 7 days, all occurring on a single day

insider sentimentshareholder confidencepotential dilution or cash flow concerns

Risk Factors

  • Insiders may be diversifying holdings, not necessarily signaling business deterioration.
  • Lack of public filings (e.g., 10-K, 10-Q) provided limits ability to assess fundamental performance context.

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 (5 trades, 7d window)cluster-REAL-1771969517504
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
12d ago
8-K
BULLISH ★ 6/10
$10.54awaiting T+60—$11.12 (+5.50%)
Oct 14, 2026
12d ago
Press Release
NEUTRAL ★ 1/10
$10.54awaiting T+60—$11.12 (+5.50%)
Aug 24, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$11.12awaiting T+60—$11.12 (−0.00%)
Jul 16, 2026
14w ago
Press Release
NEUTRAL ★ 1/10
$11.21 $9.69▼ −13.56%▼ −18.24%$11.12 (−0.80%)
May 22, 2026
22w ago
Insider Cluster
NEUTRAL ★ 2/10
$9.50 $11.78▲ +24.00%▲ +21.28%$11.12 (+17.05%)
May 8, 2026
24w ago
S-3ASR
NEUTRAL ★ 3/10
$9.97 $12.65▲ +26.88%▲ +22.49%$11.12 (+11.53%)
May 7, 2026
24w ago
8-K
BULLISH ★ 8/10
$10.26 $12.72▲ +23.98%▲ +19.14%$11.12 (+8.38%)
Apr 27, 2026
26w ago
DEFA14A
NEUTRAL ★ 2/10
$11.78 $11.37▼ −3.48%▼ −7.47%$11.12 (−5.60%)
Apr 16, 2026
27w ago
Press Release
NEUTRAL ★ 1/10
$12.08 $10.88▼ −9.93%▼ −16.08%$11.12 (−7.95%)
Feb 26, 2026
34w ago
8-K
BULLISH ★ 8/10
$12.26 $9.50▼ −22.51%▼ −31.90%$11.12 (−9.30%)
Showing 10 of 14

US Market Status

Market Open — Closes in 4h 21m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Feb 24, 2026