TheRealReal, Inc. — Director's Dealing 2020

Aug 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2020-08-11

Reporting Person: Great Hill Equity Partners V, L.P. (10% Owner)
Reporting Person: GREAT HILL INVESTORS LLC (10% Owner)
Reporting Person: GHP V, LLC (10% Owner)
Reporting Person: Great Hill Partners GP V, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-11	Common Stock	J	2999937	$0.00	Disposed	6928325	Direct
2020-08-12	Common Stock	S	11624	$16.2645	Disposed	26845	Direct

Footnotes

F1: Represents a pro rata in-kind distribution of Common Stock for no value by Great Hill Equity Partners V, L.P. ("GHEP V").

F2: These shares are held of record by GHEP V. GHP V, LLC is the sole general partner of Great Hill Partners GP V, L.P. ("GP V"), which is the sole general partner of GHEP V. As such, each of them may be deemed to share beneficial ownership of the securities held of record by GHEP V. Each of them disclaims any such beneficial ownership except to the extent of their pecuniary interest therein.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.25 to $16.42. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: These shares are held of record by Great Hill Investors, LLC.