secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001193125-22-168900
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Founder Julie Wainwright steps down as CEO of The RealReal; co-interim CEOs named
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- Julie Wainwright resigns as CEO, Chairperson, and director effective June 7, 2022; will serve as Founder advisor through Dec 31, 2022.
- Rati Sahi Levesque (President/COO) and Robert Julian (CFO) appointed Co-Interim CEOs, effective immediately.
- Board to retain executive search firm for permanent CEO; Wainwright's separation includes severance terms with accelerated vesting.
- Special one-time cash bonuses of $250K each for Levesque and Julian, and $150K for Chief Legal Officer Todd Suko.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000119312522168900/0001193125-22-168900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000119312522168900/d337456d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-168900

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer