TheRealReal, Inc. — Director's Dealing 2020

Jun 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2020-06-11

Reporting Person: Sahi Levesque Rati (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-11	Common Stock	S	4684	$13.41	Disposed	375730	Direct
2020-06-11	Common Stock	S	3700	$13.83	Disposed	372030	Direct
2020-06-11	Common Stock	M	13650	$2.56	Acquired	385680	Direct
2020-06-11	Common Stock	S	13650	$12.18	Disposed	372030	Direct
2020-06-11	Common Stock	M	10386	$3.48	Acquired	382416	Direct
2020-06-11	Common Stock	S	10386	$12.18	Disposed	372030	Direct
2020-06-11	Common Stock	M	964	$3.48	Acquired	372994	Direct
2020-06-11	Common Stock	S	964	$13.41	Disposed	372030	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-11	Non-Qualified Stock Option (right to buy)	$2.56	M	13650	Disposed	2027-02-16	Common Stock (13650)	Direct
2020-06-11	Non-Qualified Stock Option (right to buy)	$3.48	M	10386	Disposed	2025-12-17	Common Stock (10386)	Direct
2020-06-11	Non-Qualified Stock Option (right to buy)	$3.48	M	964	Disposed	2025-12-17	Common Stock (964)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 11, 2019, as amended.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $12.76 to $13.7599. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., 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 ranges set forth in footnote 3 to this Form 4.

F3: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $13.77 to $14.7699. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., 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 ranges set forth in footnote 3 to this Form 4.

F4: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $11.71 to $12.7099. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., 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 ranges set forth in footnote 3 to this Form 4.

F5: The option, representing the right to purchase a total of 62,215 shares of TheRealReal, Inc. common stock, will become fully exercisable on February 16, 2021.

F6: The option, representing the right to purchase a total of 50,000 shares of TheRealReal, Inc. common stock, became fully exercisable on December 17, 2019.