MADAN GOPAL AJAY

PrivateCIK: 2016432
Location

SAN FRANCISCO, CA

Senior insider sale

Chief Financial Officer at THEREALREAL, INC. — senior position signals high conviction

$814.5K

58.72K shares

What this filing means

MADAN GOPAL AJAY plans to sell 58.72K shares of THEREALREAL, INC. valued at approximately $814.5K. Form 144 is a notice of intent to sell restricted or control securities — not a mandatory transaction. This filing provides advance warning of potential selling pressure.

InsiderMADAN GOPAL AJAYCIK 2016432
IssuerTHEREALREAL, INC.CIK 1573221
Officer· Chief Financial Officer
Since Feb 2026
58.72K
Shares to sell
$814.5K
Approx. market value
28.52K
Acquired (3 months)
1
Planned
2 completed
Securities Acquired — Last 3 Months2
Sort

Restricted Stock

Not Applicable

11/20/2025
7.27K

Restricted Stock

Not Applicable

11/20/2025
21.25K
Total acquired28.52K
Planned & Completed Dispositions3
Sort

Completed

Completed

Units to sell

7.70K

Market value

$100.6K

11/21/2025
Completed

Units to sell

22.50K

Market value

$293.9K

11/21/2025

Planned — Approximate Date

NASDAQPlanned

Units to sell

28.52K

Market value

$420.0K

11/26/2025
Total

Units

58.72K

Value

$814.5K

MADAN GOPAL AJAY — Planned Insider Sale (Form 144) | Finecho