TheRealReal, Inc. — Director's Dealing 2025

Dec 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2025-12-05

Reporting Person: Lo Steve Ming (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-05	Common Stock	S	555	$14.453	Disposed	248998	Direct
2025-12-08	Common Stock	S	3974	$14.41	Disposed	245024	Direct
2025-12-08	Common Stock	S	13900	$14.13	Disposed	231124	Direct
2025-12-09	Common Stock	S	43926	$14.45	Disposed	187198	Direct

Footnotes

F1: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.45 to $14.46. 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.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.410 to $14.435. 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.