TheRealReal, Inc. — Director's Dealing 2022

May 24, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2022-05-20

Reporting Person: Sahi Levesque Rati (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-20	Common Stock	S	2898	$3.0612	Disposed	719072	Direct
2022-05-20	Common Stock	S	3450	$3.0649	Disposed	715622	Direct
2022-05-20	Common Stock	S	2228	$3.0643	Disposed	713394	Direct
2022-05-20	Common Stock	S	3168	$3.0612	Disposed	710226	Direct
2022-05-24	Common Stock	S	14082	$2.75	Disposed	696144	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: Includes 1,855 shares purchased on May 13, 2022 pursuant to the company's Employee Stock Purchase Plan (ESPP).

F3: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14,2021.

F4: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $2.6501 to $3.65. 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.