Bruce A. Jaffe - Dec 2, 2022 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, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/6/2022, 05:37 PM
Previous filing: Oct 28, 2022
Next filing: Dec 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNWK	Common stock	Options Exercise	$0	+44.6K	+27.94%	$0.00	204K	Dec 2, 2022	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	Restricted Stock Units	Options Exercise	$0	-44.5K	-100%	$0.00^*	0	Dec 2, 2022	Common Stock	44.5K	$0.00	Direct	F3, F4

* 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	Converts into common stock on a unit-for-share basis on the share distribution date.
F4	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.