Gilbert L. Baird III - Aug 4, 2022 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role
Director
Signature
by Elizabeth Logie, Attorney in Fact for Gilbert L. Biard III
Stock symbol
REAL
Transactions as of
Aug 4, 2022
Transactions value $
$0
Form type
4
Date filed
8/4/2022, 08:58 PM
Previous filing
Sep 14, 2021
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REAL Common Stock Award $0 +46.8K $0.00 46.8K Aug 3, 2022 Direct F1, F2
holding REAL Common Stock 7.47M Aug 4, 2022 by GreyLion F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units (RSUs)vest on the earlier of the first anniversary of the grant date or the date immediately preceding the Issuers next annual stockholder meeting, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date and subject to acceleration upon certain events. Pursuant to an agreement with GreyLion Partners LP (GreyLion), the Reporting Person holds the RSUs for the benefit of GreyLion and is obligated to transfer the shares received upon vesting to GreyLion. The Reporting Person disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein.
F2 The amount of the reported securities gives effect to a reduction in shares of Common Stock underlying RSUs that were held directly by the Reporting Person for the benefit of GreyLion (which shares were received upon vesting and transferred to GreyLion), and the corresponding increase in shares held indirectly through GreyLion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, which interest is unchanged by the transfer.
F3 Includes 5,785,182 shares held by PWP Growth Equity Fund II LP and 1,665,148 shares held by PWP Growth Equity Fund II B LP (collectively, the "Funds"). On June 15, 2020, the Funds were spun off from Perella Weinberg Partners Capital Management LP and, as a result of the spin-off and the separation agreement signed in connection therewith, investing, management and voting control over the shares reported herein transferred to GreyLion Capital LP. GreyLion Capital GP LLC is the general partner of GreyLion Capital LP (together with its affiliates, "GreyLion Partners"). David Ferguson and the Reporting Person are members of the GreyLion Partners investment committee and control voting and investment decisions related to the shares reported herein.