Luke Thomas Friang, Chief Product & Tech Officer of TheRealReal, Inc. (NASDAQ:REAL), filed a Form 4 on August 24, 2026, disclosing four automatic sales of common stock on August 21, 2026, to cover tax withholding obligations tied to equity award vesting.

Key Highlights

  • Reporting person: Luke Thomas Friang, Chief Product & Tech Officer of TheRealReal, Inc.
  • Transaction date: All four sales occurred on August 21, 2026.
  • Shares sold: 8,485, 2,514, 8,528, and 2,501 shares of common stock, totaling 22,028 shares disposed of.
  • Price per share: $10.98 for each of the four transactions.
  • Purpose: Shares were automatically sold by TheRealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award.
  • Remaining ownership: Following the transactions, Friang directly beneficially owned 508,648 shares of common stock.

Automatic Tax-Withholding Sales Detail for Friang at TheRealReal

According to the filing, Luke Thomas Friang, serving as Chief Product & Tech Officer at TheRealReal, Inc. (NASDAQ:REAL), reported four dispositions of common stock on August 21, 2026. Each transaction carried transaction code "S" and was executed at a price of $10.98 per share. The filing's footnote states that these sales "represent shares of common stock automatically sold by The RealReal, Inc. to satisfy withholding taxes payable in connection with the vesting of an equity award."

The four individual sales were 8,485 shares, 2,514 shares, 8,528 shares, and 2,501 shares, all disposed of directly. After the first sale, Friang's directly held beneficial ownership stood at 522,191 shares, declining with each successive transaction to 519,677, then 511,149, and finally 508,648 shares following the last reported sale, as disclosed in the filing.

The Form 4 was signed on August 24, 2026, by Todd Suko on behalf of Luke Friang. No derivative securities transactions were reported in Table II of the filing. All ownership reported is direct.

What Was Disclosed

TheRealReal's Chief Product & Tech Officer, Luke Thomas Friang, disclosed four automatic common stock sales on August 21, 2026, each at $10.98 per share, totaling 22,028 shares sold to cover tax withholding on a vesting equity award. Post-transaction direct ownership stands at 508,648 shares.