TheRealReal, Inc. — Director's Dealing 2021

Jan 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2020-11-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-13	Common Stock	J	1799	$10.63	Acquired	41049	Direct
2021-01-11	Common Stock	M	5000	$2.56	Acquired	46049	Direct
2021-01-11	Common Stock	S	5000	$23.8326	Disposed	41049	Direct
2021-01-11	Common Stock	M	4500	$2.56	Acquired	45549	Direct
2021-01-11	Common Stock	S	4500	$23.8274	Disposed	41049	Direct
2021-01-11	Common Stock	M	2083	$7.64	Acquired	43132	Direct
2021-01-11	Common Stock	S	2083	$23.7093	Disposed	41049	Direct
2021-01-11	Common Stock	S	1799	$23.7	Disposed	39250	Direct
2021-01-12	Common Stock	M	5000	$2.56	Acquired	44250	Direct
2021-01-12	Common Stock	S	5000	$26.0	Disposed	39250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-11	Incentive Stock Option (right to buy)	$2.56	M	5000	Disposed	2026-10-27	Common Stock (5000)	Direct
2021-01-11	Incentive Stock Option (right to buy)	$2.56	M	4500	Disposed	2026-10-27	Common Stock (4500)	Direct
2021-01-12	Incentive Stock Option (right to buy)	$2.56	M	5000	Disposed	2026-10-27	Common Stock (5000)	Direct
2021-01-11	Incentive Stock Option (right to buy)	$7.64	M	2083	Disposed	2028-12-05	Common Stock (2083)	Direct

Footnotes

F1: Shares acquired through the company's Employee Stock Purchase Plan on November 13, 2020.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2020.

F3: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.11 to $24.27. 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 $23.135 to $24.21. 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.

F5: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.20 to $24.10. 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.

F6: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.20 to $24.14. 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.

F7: This stock option is fully vested at the time of exercise.