TheRealReal, Inc. — Director's Dealing 2021

Jan 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2021-01-13

Reporting Person: Sahi Levesque Rati (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-13	Common Stock	S	87446	$25.72	Disposed	200779	Direct
2021-01-13	Common Stock	S	8102	$26.11	Disposed	192677	Direct
2021-01-13	Common Stock	M	11686	$7.64	Acquired	204363	Direct
2021-01-13	Common Stock	S	11686	$25.72	Disposed	192677	Direct
2021-01-13	Common Stock	M	12766	$2.56	Acquired	205443	Direct
2021-01-13	Common Stock	S	12766	$25.72	Disposed	192677	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-13	Non-Qualified Stock Option (right to buy)	$2.56	M	12766	Disposed	2027-02-16	Common Stock (12766)	Direct
2021-01-13	Non-Qualified Stock Option (right to buy)	$7.64	M	11686	Disposed	2028-12-05	Common Stock (11686)	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 $25.06 to $26.0599. 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.

F3: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $26.06 to $27.0599. 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: 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.

F5: This option vests in 48 substantially equal monthly installments, starting on December 5, 2018, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.