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sellWeak cluster of 6

Steve Ming Lo sold $193k of REAL

Chief Accounting Officer at TheRealReal, Inc.. 13,542 shares at an average of $14.27, traded Nov 13, 2025, filed Nov 14, 2025.

Warning score
27
Value
$193k
13,542 shares
Holdings after
331,768
-4% from before
From 52-week low
+258%
low $3.99, close $14.28
From 52-week high
-8%
high $15.48, as of Nov 13, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $193k at market
    +12
  • Share of holdings sold
    Sold 3.9% of holdings
    0
  • Cluster
    6 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +3.5%, 3m -17.3%, 6m -34.6%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

REALOct 12, 2026 · close 9.69
Since filing Nov 14, 2025: -30.0%SPY +17.0% · excess -47.1%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001780940-25-000007, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 13, 2025MOption exercise
Common Stock
+13,542$7.64$103k345,310Nov 14, 2025
Nov 13, 2025SOpen-market sale
Common Stock
-13,542$14.27$193k331,768Nov 14, 2025
Nov 13, 2025MOption exercise
Incentive Stock Option (right to buy)derivative
-13,542$0.00$00Nov 14, 2025

Related signals

Other insiders at TheRealReal, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
43Moderate
REALsell 5
TheRealReal, Inc.
Luke Thomas Friang
Chief Product & Tech Officer
$242k
22,028 shares
-4%
41Moderate
REALsell 5
TheRealReal, Inc.
Steve Ming Lo
Chief Accounting Officer
$138k
12,559 shares
-7%
53Moderate
REALsell 5
TheRealReal, Inc.
Gopal Ajay Madan
Chief Financial Officer
$400k
36,418 shares
-3%
64Notable
REALsell 5
TheRealReal, Inc.
Levesque Rati Sahi
Chief Executive Officer
$927k
84,432 shares
-5%
42Moderate
REALsell 5
TheRealReal, Inc.
Todd A Suko
Chief Legal Officer and Secret
$193k
17,567 shares
-3%
42Moderate
REALsell 5
TheRealReal, Inc.
Luke Thomas Friang
Chief Product & Tech Officer
$196k
21,183 shares
-4%
40Moderate
REALsell 5
TheRealReal, Inc.
Steve Ming Lo
Chief Accounting Officer
$112k
12,077 shares
-6%
51Moderate
REALsell 5
TheRealReal, Inc.
Gopal Ajay Madan
Chief Financial Officer
$324k
35,023 shares
-3%
62Notable
REALsell 5
TheRealReal, Inc.
Levesque Rati Sahi
Chief Executive Officer
$751k
81,194 shares
-5%
41Moderate
REALsell 5
TheRealReal, Inc.
Todd A Suko
Chief Legal Officer and Secret
$161k
17,353 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Steve Ming Lo sold $193k of REAL | InsiderTell