The RealReal appoints new CEO; preliminary Q3 GMV, revenue, EBITDA exceed guidance

TheRealReal, Inc.

Rati Sahi Levesque, formerly President and COO, appointed CEO effective Oct 28, 2024; John Koryl departed.
Preliminary Q3 2024: GMV $433.1M, Revenue $147.8M, Adjusted EBITDA $2.3M — all above prior guidance ranges.
FY2024 guidance raised: GMV $1.81-$1.83B, Revenue $595-$602M, Adjusted EBITDA $4.5-$7.5M (was $0-$6M).
Levesque receives $700K base salary, 100% target bonus, $300K promotion bonus, 1.25M RSUs, 1.25M PSUs.
Koryl gets 12 months base salary severance plus healthcare subsidies under separation agreement.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Rati Sahi Levesque

Class III Director

REAL · TheRealReal, Inc.

Effective: 2024-10-28
Filed: October 28, 2024, 7:59 PM ET

the Board appointed Ms. Levesque as a member of the Board

Departed

John Koryl

Chief Executive Officer

REAL · TheRealReal, Inc.

Effective: 2024-10-28
Successor: Rati Sahi Levesque
Filed: October 28, 2024, 7:59 PM ET

John Koryl ceased to serve as Chief Executive Officer of the Company and resigned as a member of the Board on the same day.

Role change

Rati Sahi Levesque

President and Chief Executive Officer

REAL · TheRealReal, Inc.

Effective: 2024-10-28
Filed: October 28, 2024, 7:59 PM ET

the Board of Directors (the “Board”) of the Company appointed Rati Sahi Levesque, formerly the Company’s President and Chief Operating Officer, as President and Chief Executive Officer of the Company, effective as of October 28, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Rati Sahi Levesque was appointed as Class III Director at TheRealReal, Inc..

Action: appointed
Role: Class III Director

Exact text from the filing

the Board appointed Ms. Levesque as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Koryl departed as Chief Executive Officer at TheRealReal, Inc..

Action: ceased to serve
Role: Chief Executive Officer

Exact text from the filing

John Koryl ceased to serve as Chief Executive Officer of the Company and resigned as a member of the Board on the same day.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rati Sahi Levesque was appointed as President and Chief Executive Officer at TheRealReal, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) of the Company appointed Rati Sahi Levesque, formerly the Company’s President and Chief Operating Officer, as President and Chief Executive Officer of the Company, effective as of October 28, 2024.

View on SEC.gov

TheRealReal, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-244731

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