TheRealReal, Inc. — Director's Dealing 2021

May 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2021-05-13

Reporting Person: Lo Steve Ming (VP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-13	Common Stock	M	3000	$2.56	Acquired	53160	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-13	Incentive Stock Option (right to buy)	$2.56	M	3000	Disposed	2026-10-27	Common Stock (3000)	Direct

Footnotes

F1: The Reporting Person exercised stock options to purchase 3,000 shares of the Issuer's common stock in a transaction exempt under Rule 16b-3. There are no sales of the Issuer's common stock by the Reporting Person in connection with this transaction.

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.