Good morning, welcome to The RealReal's 2026 Annual Meeting of Stockholders. I would now like to introduce Rati Sahi Levesque, the company's President and Chief Executive Officer and member of the Board of Directors. Please go ahead. Good morning, everyone, welcome. I am Rati Sahi Levesque, The RealReal's President and Chief Executive Officer, and member of the Board of Directors. Our Chairperson, Karen Katz, will act as the chair of this meeting. Todd Suko, our Chief Legal Officer and Secretary, will act as Secretary of the meeting and record the minutes. Today's meeting is a virtual-only live audio webcast. I would now like to introduce the independent members of our Board who are present at today's meeting. We have Caretha Coleman, Karen Katz, Rob Krolik, Mark McCaffrey, Jennifer McKeehan, and James Miller. In addition, we are joined by the following members of our team: Ajay Gopal, our Chief Financial Officer, and Caitlin Howe, our Senior Vice President of Finance. Also present are Yosuke Ogata and Hoyan Leung, representatives of KPMG, our independent registered public accounting firm, and Wendy Shiba, the duly appointed representative of Broadridge Financial Solutions, Inc., our Inspector of Election. The formal business for today's meeting is described in our 2026 proxy statement and includes the election of the Class I director nominees, Caretha Coleman, Karen Katz, and Mark McCaffrey, the ratification of the appointment of KPMG as our independent registered public accounting firm for the fiscal year ending 31st December, 2026. The advisory vote on say on pay, the approval of a management proposal to amend our amended and restated certificate of incorporation to phase in the declassification of our Board of Directors, the approval of a management proposal to amend our amended and restated certificate of incorporation to limit the liability of certain officers of the company as permitted under the Delaware General Corporation Law, the approval of a management proposal to amend our amended and restated certificate of incorporation to eliminate certain supermajority voting requirements. After voting on these matters and allowing our stockholders to submit questions, we will adjourn the meeting. I will now turn the meeting over to Todd Suko, who will conduct the formal part of this meeting. Thank you, Rati. Hello, everyone, and thank you again for joining us today. Before we begin the formal part of this meeting, I would like to note the following. To vote or submit questions while participating in this meeting, you must have accessed this meeting as a stockholder with your 16-digit control number that you received with your proxy materials. If you have already voted by proxy and do not wish to change your vote, your vote will be cast as previously instructed and no further action is necessary. We welcome questions from our stockholders. If we receive any appropriate questions regarding the matters on the agenda or the business of the company, we will post your answers within 48 hours of the conclusion of this meeting on the investor relations page of our website at investor.therealreal.com. Please review our rules of conduct in the meeting materials section of the meeting website for further information. An audio recording of this meeting will be available on the investor relations page of our website within 48 hours of the conclusion of this meeting. Now on to the formal part of this meeting. Broadridge Financial Solutions, our proxy service provider, has indicated by affidavit that the notice of internet availability of the proxy materials was mailed to all stockholders of record as of the close of business on 13 April, 2026, which is the record date for this meeting. Wendy Shiba has been duly appointed as a representative of Broadridge Financial Solutions, Inc., our Inspector of Election, and has signed an oath of office promising to execute faithfully the duties of the Inspector of Election. The oath of office will also be filed with the minutes of this meeting. The Inspector of Election has determined that a sufficient number of shares entitled to vote at this meeting are present virtually, in person, or by proxy to constitute a quorum and we may proceed with business. The polls are open. The first item of business is the election of the Class I directors. Caretha Coleman, Karen Katz, and Mark McCaffrey have been nominated by our Board of Directors to serve as Class I directors until our 2029 annual meeting of stockholders, or until their successors are duly elected and qualified or their office is otherwise vacated. Our Board of Directors recommends that you vote for the director nominees. The second item of business is the ratification of the appointment of KPMG as our independent registered public accounting firm for our fiscal year ending 31st December, 2026. Our Board of Directors recommends that you vote for the ratification of the appointment of KPMG. The third item of business is the vote on an advisory basis on the compensation of our named executive officers. Our Board of Directors recommends that you vote for say on pay. The fourth item of business is the approval of a management proposal to amend our amended and restated certificate of incorporation to phase in the declassification of our board of directors. Our board of directors recommends that you vote for the declassification amendment. The fifth item of business is the approval of a management proposal to amend our amended and restated certificate of incorporation to limit the liability of certain officers of the company as permitted under the Delaware Corporation Law. Our board of directors recommends that you vote for the officer exculpation amendment. The sixth item of business is the approval of a management proposal to amend our amended and restated certificate of incorporation to eliminate certain super majority voting requirements. Our board of directors recommends that you vote for the super majority elimination amendment. At this time, we will pause for a moment to allow any stockholder who wishes to vote to please conclude their voting through the virtual meeting website. The polls are now closed. Based on the preliminary review of the votes, the Inspector of Election has informed me that the director nominees have been elected. The appointment of KPMG has been ratified. The majority of our stockholders voted for say on pay on an advisory basis. The charter amendment to phase in the declassification of the board has not been approved by a super majority of the company's outstanding shares. The charter amendment to limit the liability of certain officers of the company has not been approved by a super majority of the company's outstanding shares. The charter amendment to eliminate certain super majority voting requirements has not been approved by a super majority of the company's shares. The final results of voting, including any votes cast during this meeting, will be reported in a current report on Form 8-K to be filed with the Securities and Exchange Commission. This concludes the formal business of our 2026 annual meeting of stockholders. Thank you again for attending our 2026 annual meeting of stockholders. On behalf of our board of directors and our leadership team, I'd like to thank you for your continued support. This meeting is now adjourned. This concludes today's meeting. You may now disconnect.