Director Baird Gilbert L. III sells entire 7.69M share stake in REAL for $101.5M at $13.21; holdings drop to 0
Director Baird Gilbert L. III sold 7,686,442 shares (7.69M shares) at $13.21 on 2025-11-17 for a total value of $101,537,898.82 ($101.5M), reducing his holdings from 7,686,442 shares to 0 shares (a -100.0% net change). This represents a complete exit of his equity position in TheRealReal, Inc. The sale occurs within the company's 52-week range at $13.21, which is -14.7% from the 52-week high of $15.48, while the stock is up 73.4% over the prior 90 days and +12.8% over the past 30 days. TheRealReal is currently unprofitable with a net income of $-54,051,000.00 ($-54.1M) over the latest full fiscal year, though the company posted revenue of $173,573,000.00 ($173.6M) in its most recent quarter and annual revenue growth of +9.3%. The complete liquidation of a director's stake is a material signal that warrants investor attention given the company's negative profitability profile, despite recent stock price momentum.