MADAN GOPAL AJAY

PrivateCIK: 2016432
Location

SAN FRANCISCO, CA

MADAN GOPAL AJAY (Chief Financial Officer) sold 2.5% of their position (30.20K shares) of THEREALREAL, INC. on the open market

Open‑market sale worth $394.4K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales
InsiderMADAN GOPAL AJAYCIK 2016432
IssuerTHEREALREAL, INC.CIK 1573221
Officer· Chief Financial Officer
Since Feb 2026
-30.20K
Net shares
Net seller
$394.4K
Total sold
2
Open market trades
0B · 2S
2
Total transactions
30.20K disposed
Non-Derivative Transactions2

Common Stock

Direct
S · Sale

Shares

22.50K

Price / share

$13.06

Trade value

$293.84K

% of position

1.9%
11/21/2025
1.21M1.19M

Common Stock

Direct
S · Sale

Shares

7.70K

Price / share

$13.06

Trade value

$100.52K

% of position

0.6%
11/21/2025
1.19M1.18M
Total

Net shares

30.20K

Net value

-$394.36K

Derivative Transactions0
No derivative transactions reported
MADAN GOPAL AJAY — Insider Transaction (Form 4) Filed Nov 21, 2025 | Finecho