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Gopal Sells RealReal Shares, Trims Stake by 4%

Published 2 days, 5 hours ago
Description

Ajay Gopal, CFO of The RealReal, sold $479,000 worth of shares, reducing his holdings by 4%. This aligns with his past selling patterns and was mainly for taxes on vested shares. The RealReal, an online luxury resale marketplace, saw a 46% stock increase over the past year due to strong results. Gross merchandise value reached $2.13 billion, revenue grew 15% to $693 million, and adjusted EBITDA rose 6% to $42 million. Despite ongoing losses and debt, improved margins and buyer growth suggest better operations.

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