---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-244731"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:39:58.360039+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-244731
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/0001193125-24-244731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/d900595d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-244731
- JSON: https://secwatch.observer/filing/0001193125-24-244731.json
- Plain text: https://secwatch.observer/filing/0001193125-24-244731.txt

## Key facts
- Executive change
  Rati Sahi Levesque was appointed as Class III Director at TheRealReal, Inc..
  - Action: appointed
  - Role: Class III Director
  source text: the Board appointed Ms. Levesque as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/0001193125-24-244731-index.htm
- Executive change
  John Koryl departed as Chief Executive Officer at TheRealReal, Inc..
  - Action: ceased to serve
  - Role: Chief Executive Officer
  source text: John Koryl ceased to serve as Chief Executive Officer of the Company and resigned as a member of the Board on the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/0001193125-24-244731-index.htm
- Executive change
  Rati Sahi Levesque was appointed as President and Chief Executive Officer at TheRealReal, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/0001193125-24-244731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.