TheRealReal, Inc. — Director's Dealing 2020

May 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2020-05-26

Reporting Person: Lo Steve Ming (VP, Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-26	Common Stock	M	10000	$2.56	Acquired	53000	Direct
2020-05-26	Common Stock	S	10000	$13.5	Disposed	43000	Direct
2020-05-26	Common Stock	M	6250	$7.64	Acquired	49250	Direct
2020-05-26	Common Stock	S	6250	$13.0	Disposed	43000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-26	Incentive Stock Option (right to buy)	$2.56	M	10000	Disposed	2026-10-27	Common Stock (10000)	Direct
2020-05-26	Incentive Stock Option (right to buy)	$7.64	M	6250	Disposed	2028-12-05	Common Stock (6250)	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 December 13, 2019, as amended.

F2: This option vests 25% on September 26, 2017, and then in 36 substantially equal monthly installments thereafter, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.

F3: This option vests in 48 substantially equal monthly installments beginning on January 5, 2019, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.