TheRealReal, Inc. — Director's Dealing 2021

Feb 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2021-02-22

Reporting Person: Sahi Levesque Rati (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-22	Common Stock	S	2932	$26.1028	Disposed	362995	Direct
2021-02-22	Common Stock	M	7726	$24.79	Acquired	370721	Direct
2021-02-22	Common Stock	S	7726	$30.08	Disposed	362995	Direct
2021-02-22	Common Stock	S	3469	$30.09	Disposed	359526	Direct
2021-02-23	Common Stock	S	2811	$24.11	Disposed	356715	Direct
2021-02-23	Common Stock	S	1874	$24.83	Disposed	354841	Direct
2021-02-23	Common Stock	S	200	$26.16	Disposed	354641	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-22	Non-Qualified Stock Option (right to buy)	$24.79	M	7726	Disposed	2029-07-22	Common Stock (7726)	Direct

Footnotes

F1: Represents shares of common stock automatically sold to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of an equity award.

F2: 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.

F3: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $30.00 to $30.19. 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 this Form 4.

F4: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $30.02 to $31.0199. 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.

F5: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.61 to $24.6099. 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.

F6: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $24.62 to $25.6199. 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.

F7: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $26.00 to $26.999. 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.

F8: This option has a vest base date of August 20, 2019 and vests quarterly thereafter, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.