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TheRealReal, Inc. Director's Dealing 2025

Aug 18, 2025

32062_dirs_2025-08-18_8b876512-c6cf-4fce-b63c-03ba9fefc0be.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TheRealReal, Inc. (REAL)
CIK: 0001573221
Period of Report: 2025-08-15

Reporting Person: Sahi Levesque Rati (Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-08-15 Common Stock M 36119 $3.48 Acquired 2214334 Direct
2025-08-15 Common Stock S 36119 $7.781 Disposed 2178215 Direct
2025-08-15 Common Stock S 115000 $7.779 Disposed 2063215 Direct
2025-08-18 Common Stock S 199421 $7.92 Disposed 1863794 Direct
2025-08-18 Common Stock S 60750 $8 Disposed 1803044 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-08-15 Incentive Stock Option (right to buy) $3.48 M 36119 Disposed 2025-12-17 Common Stock (36119) Direct

Footnotes

F1: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $7.69 to $7.94. 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 $7.67 to $8.05. 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 $7.98 to $8.02. 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 36,119 shares of Common Stock, became fully exercisable on December 17, 2019.