BetaInsiders sold $115M in the past 12 months.0% was sold under disclosed trading plans, 8% to cover taxes, 92% with no plan disclosed. The largest seller, Gilbert Baird III (Director), sold $102M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why
A share of stake is shown for 0 of the 6 officers and directors who sold. 14 are left out Disclosed company stock is not an insider's whole wealth.i
Left out: Gilbert Baird III, Levesque Sahi, Gopal Madan, Todd Suko, Chatelle Lynch, Luke Friang, Steve Lo, Caretha Coleman, Karen Katz, Robert Krolik, Niki Leondakis, James Miller, Mark McCaffrey and Jennifer McKeehan (share of stake is being verified).
Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
No officer or director trades were reported for the past 30 days. The most recent before that:
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Levesque Sahi Chief Executive Officer | 84,432 | $10.98 | n/a | n/a | Aug 21, 2026 | Aug 24, 2026 |
| Gopal Madan Chief Financial Officer | 36,418 | $10.98 | n/a | n/a | Aug 21, 2026 | Aug 24, 2026 |
| Luke Friang Chief Product & Tech Officer | 22,028 | $10.98 | n/a | n/a | Aug 21, 2026 | Aug 24, 2026 |
| Todd Suko Chief Legal Officer and Secret | 17,567 | $10.97 | n/a | n/a | Aug 21, 2026 | Aug 24, 2026 |
| Steve Lo Chief Accounting Officer | 12,559 | $10.97 | n/a | n/a | Aug 21, 2026 | Aug 24, 2026 |
Gilbert Baird III reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.
Yes. Levesque Sahi sold 384K shares ($4.2M) in the past 12 months, none of it under a trading plan disclosed in the filings.
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 8% were to cover taxes and 92% had no disclosed plan. A trading plan schedules sales in advance.
No. Officers and directors reported no purchases in the past 12 months.
| Who sold | Amount | % of holdings | Trading plan |
|---|---|---|---|
| Gilbert Baird III Director | $102M 7.69M shares | Not confirmedshare of stake is being verified. Why | No plan disclosed |
| Levesque Sahi Chief Executive Officer | $4.2M 384K shares | Not confirmedshare of stake is being verified. Why | To cover taxes |
| Todd Suko Chief Legal Officer and Secret | $3.4M 261K shares | Not confirmedshare of stake is being verified. Why | 38% to cover taxes 62% no plan disclosed |
| Steve Lo Chief Accounting Officer | $2.7M 200K shares | Not confirmedshare of stake is being verified. Why | 27% to cover taxes 73% no plan disclosed |
| Gopal Madan Chief Financial Officer | $2.4M 213K shares | Not confirmedshare of stake is being verified. Why | 82% to cover taxes 18% no plan disclosed |
| Luke Friang Chief Product & Tech Officer | $891K 81K shares | Not confirmedshare of stake is being verified. Why | To cover taxes |
Board members representing outside shareholders, reported separately: Gilbert Baird III. Details
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 13, 2025 | Sold | Held Oct 13, 2026 | Still held |
|---|---|---|---|---|
Gilbert Baird III!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gilbert Baird III are complete. Director | n/a | −7.69M | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Gilbert Baird IIIHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gilbert Baird III are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Levesque Sahi!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Levesque Sahi are complete. Chief Executive Officer | n/a | −384K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Levesque SahiHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Levesque Sahi are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Gopal Madan!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gopal Madan are complete. Chief Financial Officer | n/a | −213K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Gopal MadanHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gopal Madan are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Todd Suko!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Todd Suko are complete. Chief Legal Officer and Secret | n/a | −261K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Todd SukoHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Suko are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Chatelle Lynch!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Chatelle Lynch are complete. Chief People Officer | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Chatelle LynchHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Chatelle Lynch are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Luke Friang!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Luke Friang are complete. Chief Product & Tech Officer | n/a | −81K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Luke FriangHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Luke Friang are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Steve Lo!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steve Lo are complete. Chief Accounting Officer | n/a | −200K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Steve LoHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steve Lo are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Caretha Coleman!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Caretha Coleman are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Caretha ColemanHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Caretha Coleman are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Karen Katz!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karen Katz are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Karen KatzHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karen Katz are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Robert Krolik!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Robert Krolik are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Robert KrolikHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Krolik are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Niki Leondakis!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Niki Leondakis are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Niki LeondakisHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Niki Leondakis are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
James Miller!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Miller are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for James MillerHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Miller are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Mark McCaffrey!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark McCaffrey are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Mark McCaffreyHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark McCaffrey are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Jennifer McKeehan!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jennifer McKeehan are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Jennifer McKeehanHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jennifer McKeehan are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Holdings and share of stake for TheRealReal, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.
Officer and director open-market sales: $115M across 8,825,879 shares. Plan status and stated purpose are separate questions, and a sale can have both.
Sales with no 10b5-1 plan and no tax reference in the filing. $102M of it is Gilbert Baird III. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gilbert Baird III, Nov 17, 2025
$9.1M of sales (7.9%) cite tax obligations in their footnotes. Example: Steve Lo, Aug 21, 2026
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| Gilbert Baird III Director | 7.69M | $102M | 0% | 88% | Nov 17, 2025 to Nov 17, 2025 |
| Levesque Sahi Chief Executive Officer | 384K | $4.2M | 0% | 4% | Nov 21, 2025 to Aug 21, 2026 |
| Todd Suko Chief Legal Officer and Secret | 261K | $3.4M | 0% | 3% | Nov 18, 2025 to Aug 21, 2026 |
| Steve Lo Chief Accounting Officer | 200K | $2.7M | 0% | 2% | Nov 13, 2025 to Aug 21, 2026 |
| Gopal Madan Chief Financial Officer | 213K | $2.4M | 0% | 2% | Nov 21, 2025 to Aug 21, 2026 |
| Luke Friang Chief Product & Tech Officer | 81K | $891K | 0% | 0.8% | Nov 21, 2025 to Aug 21, 2026 |
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 | $0 |
| Nov 2025 | $108M | $0 | $2.6M | $105M |
| Dec 2025 | $896K | $0 | $0 | $896K |
| Jan 2026 | $0 | $0 | $0 | $0 |
| Feb 2026 | $2.5M | $0 | $2.5M | $0 |
| Mar 2026 | $479K | $0 | $479K | $0 |
| Apr 2026 | $0 | $0 | $0 | $0 |
| May 2026 | $1.5M | $0 | $1.5M | $0 |
| Jun 2026 | $0 | $0 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 | $0 |
| Aug 2026 | $1.9M | $0 | $1.9M | $0 |
| Sep 2026 | $0 | $0 | $0 | $0 |
| Oct 2026 | $0 | $0 | $0 | $0 |
Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.
| Board member | Held Oct 13, 2025 | Sold | Held Oct 13, 2026 | Still held |
|---|---|---|---|---|
Gilbert Baird III!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gilbert Baird III are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Gilbert Baird IIIHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gilbert Baird III are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
More than usual: about 10x the 5-year average. 6 insiders sold; the average is 7 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 13, 2026 Latest 12 months | 8.83M | 6 | $115M |
| Oct 13, 2025 1 year earlier | 1.40M | 7 | $11.0M |
| Oct 13, 2024 2 years earlier | 600K | 11 | $2.1M |
| Oct 14, 2023 3 years earlier | 127K | 2 | $272K |
| Oct 14, 2022 4 years earlier | 509K | 8 | $5.4M |
| Oct 14, 2021 5 years earlier | 1.87M | 7 | $37.3M |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for TheRealReal, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.
External context: we only cite outside events when a documented connection exists. None is shown for this period.
All 440 Forms 3, 4 and 5 on record for TheRealReal, Inc. (SEC CIK 1573221), filed from Jun 27, 2019 to Oct 1, 2026; 46 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".
Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.