secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001193125-24-244731
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/0001193125-24-244731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000119312524244731/d900595d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-244731

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