Gilbert L. Baird III - 17 Nov 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role
Director
Signature
/s/ Gilbert L. Baird III
Issuer symbol
REAL
Transactions as of
17 Nov 2025
Net transactions value
-$101,537,899
Form type
4
Filing time
19 Nov 2025, 16:15:22 UTC
Previous filing
11 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baird Gilbert L. III Director C/O GREYLION PARTNERS LP, 900 THIRD AVENUE 23RD FLOOR, NEW YORK /s/ Gilbert L. Baird III 19 Nov 2025 0001586636

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REAL Common Stock Sale $101,537,899 -7,686,442 -100% $13.21 0 17 Nov 2025 By Grey Lion F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gilbert L. Baird III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the sale of 7,686,442 shares of common stock of TheRealReal, Inc. (the "Issuer"), par value $0.00001 per share (the "Common Stock"), in a block sale at a price per share of $13.21 pursuant to Rule 144 of the Securities Act of 1933, as amended.
F2 The shares of Common Stock were held by PWP Growth Equity Fund II LP and PWP Growth Equity Fund II B LP (collectively, the "Funds") for which investing, management and voting control is exercised by GreyLion Partners LP (together with its affiliates, "GreyLion Partners") and by GreyLion Partners LP. David Ferguson and Gilbert L. Baird III (the "Reporting Person") are members of the GreyLion Partners investment committee and control voting and investment decisions related to the shares reported herein.