0001963995-23-000002.txt : 20230307
0001963995-23-000002.hdr.sgml : 20230307
20230307185530
ACCESSION NUMBER: 0001963995-23-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230303
FILED AS OF DATE: 20230307
DATE AS OF CHANGE: 20230307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Koryl John E
CENTRAL INDEX KEY: 0001963995
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38953
FILM NUMBER: 23714339
MAIL ADDRESS:
STREET 1: 55 FRANCISCO STREET 4TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94133
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TheRealReal, Inc.
CENTRAL INDEX KEY: 0001573221
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900]
IRS NUMBER: 451234222
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 55 FRANCISCO STREET
STREET 2: SUITE 400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94133
BUSINESS PHONE: 800-215-0566
MAIL ADDRESS:
STREET 1: 55 FRANCISCO STREET
STREET 2: SUITE 400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94133
4
1
wf-form4_167823331826379.xml
FORM 4
X0306
4
2023-03-03
0
0001573221
TheRealReal, Inc.
REAL
0001963995
Koryl John E
55 FRANCISCO STREET SUITE 400
SAN FRANCISCO
CA
94133
1
1
0
0
Chief Executive Officer
Common Stock
2023-03-03
4
A
0
1500000
0
A
1500000
D
Common Stock
2023-03-03
4
A
0
1250000
0
A
2750000
D
Represents shares of The RealReal, Inc. (the "Company") common stock underlying performance-based restricted stock units ("PSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
The PSUs will be earned when both the time-based and performance-based vesting conditions are satisfied for the applicable tranche, as follows: a) 150,000 PSUs time-vest on February 20, 2024 and performance-vest upon the Company's stock price achievement of $5.00; (b) 300,000 PSUs time-vest on February 20, 2025 and performance-vest upon the Company's stock price achievement of $7.50; (c) 350,000 PSUs time-vest on February 20, 2026 and performance-vest upon the Company's stock price achievement of $10.00; and (d) 700,000 PSUs time-vest on February 20, 2027 and performance-vest upon the Company's stock price achievement of $15.00, in each case, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events. The Company's stock price achievement is measured over a five-year performance period based on the 60-day volume-weighted average price of one share of the Company's common stock.
Represents shares of The RealReal, Inc. (the "Company") common stock underlying restricted stock units ("RSUs") granted to the Reporting Person as a material inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
Twenty-five percent of the RSUs will vest on February 20, 2024, and the remainder of the RSUs will vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service as of each vesting date and acceleration upon certain events.
by Todd Suko, Attorney in Fact for John Koryl
2023-03-07