RealReal board member resigns as investor exits stake

The RealReal Inc. (NASDAQ: REAL) announced that Gilbert L. Baird III resigned from its board of directors on November 17, 2025.

Baird serves as co-founder and managing partner of GreyLion Partners LP, which was a pre-IPO investor in the luxury consignment company. GreyLion Partners sold its entire shareholding in RealReal on the same day as Baird's resignation.

The company stated that Baird will continue providing consulting services through June 30, 2026. Following his departure, RealReal's board was reduced from eight to seven directors.

The information comes from a company statement released following the resignation.

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