Dawn G. Lepore - Dec 2, 2021 Form 4 Insider Report for REALNETWORKS INC (RNWK)

Role: Director
Signature: /s/ Michael Parham, attorney-in-fact
Stock symbol: RNWK
Transactions as of: Dec 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/6/2021, 03:56 PM
Previous filing: Nov 5, 2021
Next filing: Feb 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNWK	Common Stock	Options Exercise	$0	+28.5K	+31.86%	$0.00	118K	Dec 3, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RNWK	Stock Option (right to buy)	Award	$0	+15K		$0.00	15K	Dec 2, 2021	Common Stock	15K	$1.12	Direct	F3
transaction	RNWK	Restricted Stock Unit Award	Award	$0	+44.6K		$0.00	44.6K	Dec 2, 2021	Common Stock	44.6K	$0.00	Direct	F4, F5
transaction	RNWK	Restricted Stock Units	Options Exercise	$0	-28.5K	-100%	$0.00^*	0	Dec 3, 2021	Common Stock	28.5K	$0.00	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The recipient has made an irrevocable election to defer the share distribution date to a date that is five years following the grant date or concurrent with the Director's separation from the Board.
F2	Vested restricted stock units were distributed to the reporting person, without payment, in shares of common stock on a unit-for-share basis.
F3	The option will vest in 12 substantially equal monthly installments until fully vested on the first anniversary of the grant date, provided that the reporting person continues to serve as a director of RealNetworks through such date. The share distribution date applicable to the stock option is the sooner to occur of (1) the first anniversary of the date of grant or (2) the date of separation from the Board.
F4	Converts into common stock on a unit-for-share basis on the share distribution date.
F5	The restricted stock units vest in 12 substantially equal monthly installments until fully vested on the first anniversary of the grant date, provided that the reporting person continues to serve as a director through such date. The share distribution date applicable to the restricted stock units is the sooner to occur of (1) the first anniversary of the date of grant or (2) the date of separation from the Board.