REAL TheRealReal, Inc.

NEUTRAL Impact: 2/10 Insider Cluster (2 insiders)
Horizon days Filed May 22, 2026 Processed 18d 10h ago
Insider cluster: 2 insiders, $255K total
Latest settled — T+5d
REAL ▲ +3.05% at T+5d
NEUTRAL call ✓ call won +3.05% · α vs SPY +1.84% · entry $9.50 → $9.79
Next anchor: T+20d in 13d
Last close $9.20 (close Jun 8) · -3.16% from $9.50 entry
Entry anchored
May 22, 2026
via day open
T+1d
+1.26%
call +1.26% · α +1.25%
$9.62
settled 15d ago
T+5d
+3.05%
call +3.05% · α +1.84%
$9.79
settled 9d ago
T+20d
call — · α —
in 13d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Both the CEO and Chief Product & Technology Officer sold shares on the same day (May 21) in open-market transactions totaling ~$255K. While the cluster includes two C-suite executives selling simultaneously, the total dollar value is immaterial at ~0.02% of REAL's $1.1B market cap. Per the established asymmetry in the literature, cluster sells are not reliably informative (often driven by shared blackout-window openings or vesting schedules rather than a coordinated bearish view). This cluster alone does not warrant a directional signal.

Key Financial Metrics

Direction
selling
Total Value
$255.0K
Insiders
2

Actionable Insight

The dollar amount is negligible relative to company size, and with no buying activity, there is no contrarian signal. Treat this as routine portfolio diversification. Monitor upcoming quarterly results and any changes in 10b5-1 plan filings to see if these sales were pre-planned.

Key Facts

  • CEO Rati Sahi Levesque sold 19,438 shares at $9.25 ($179,802)
  • CPTO Luke Friang sold 8,159 shares at $9.25 ($75,471)
  • Both sales occurred on May 21, 2026
  • Total cluster value of ~$255K is ~0.02% of REAL's $1.1B market capitalization
  • No open-market buying activity from any insider in the cluster window

Financial Impact

~$255K in open-market sales across 2 insiders

insider holdings

Risk Factors

  • Insider selling could accelerate if the stock rallies or if the lock-up related to any past equity vesting expires
  • If the company issues a material adverse event (e.g., guidance cut) within the next 30 days, these sales could later appear opportunistically timed

Market Snapshot

Exchange
Nasdaq
Sector
Retail-Miscellaneous Retail
Analyst Consensus
80% bullish (15 analysts)

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-REAL-1779482661849
10 reports for REAL
Performance horizon
67% Hit rate 4 of 6 directional calls best @ T+20▲ +14.95%Feb 23, 2026
Filters
Rows
Reports for REAL — sortable, filterable
Type Now
May 22, 2026
18d ago
Insider Cluster
NEUTRAL ★ 2/10
$9.50 $9.79▲ +3.05%▲ +1.84%$9.20 (−3.16%)
May 8, 2026
4w ago
S-3ASR
NEUTRAL ★ 3/10
$9.97 $9.46▼ −5.12%▼ −5.03%$9.20 (−7.72%)
May 7, 2026
4w ago
8-K
BULLISH ★ 8/10
$10.26 $9.35▼ −8.87%▼ −10.33%$9.20 (−10.33%)
Apr 27, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$11.78 $12.85▲ +9.08%▲ +7.39%$9.20 (−21.90%)
Apr 16, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$12.08 $12.28▲ +1.66%▲ +1.10%$9.20 (−23.84%)
Feb 26, 2026
14w ago
8-K
BULLISH ★ 8/10
$12.26 $11.31▼ −7.75%▼ −5.77%$9.20 (−24.96%)
Feb 23, 2026
15w ago
Insider Cluster
BEARISH ★ 7/10
$10.97 $11.87▼ −8.20%▼ −7.59%$9.20 (+16.13%)
Feb 23, 2026
15w ago
Insider Cluster
BEARISH ★ 6/10
$10.97 $11.87▼ −8.20%▼ −7.59%$9.20 (+16.13%)
Feb 23, 2026
15w ago
Insider Cluster
BEARISH ★ 6/10
$10.97 $11.87▼ −8.20%▼ −7.59%$9.20 (+16.13%)
Feb 23, 2026
15w ago
Insider Cluster
BEARISH ★ 6/10
$10.97 $11.87▼ −8.20%▼ −7.59%$9.20 (+16.13%)
Showing 10 of 10

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