Steve Ming Lo - 13 May 2021 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role: VP, Chief Accounting Officer
Signature: By: Matt Gustke For: Steve Lo
Issuer symbol: REAL
Transactions as of: 13 May 2021
Net transactions value: +$7,680
Form type: 4
Filing time: 17 May 2021, 17:17:10 UTC
Next filing: 24 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REAL	Common Stock	Options Exercise	$7,680	+3,000	+6%	$2.56	53,160	13 May 2021	Direct	F1

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	REAL	Incentive Stock Option (right to buy)	Options Exercise	$0	-3,000	-19%	$0.000000	13,000	13 May 2021	Common Stock	3,000	$2.56	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person exercised stock options to purchase 3,000 shares of the Issuer's common stock in a transaction exempt under Rule 16b-3. There are no sales of the Issuer's common stock by the Reporting Person in connection with this transaction.
F2	This option vests 25% on September 26, 2017, and then in 36 substantially equal monthly installments thereafter, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.