Levesque Rati Sahi - Mar 3, 2023 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role
President and COO
Signature
By: Todd Suko For: Rati Levesque
Stock symbol
REAL
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
3/7/2023, 06:01 PM
Previous filing
Feb 21, 2023
Next filing
Apr 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REAL Common Stock Award $0 +350K +55.48% $0.00 981K Mar 3, 2023 Direct F1, F2
transaction REAL Common Stock Award $0 +150K +15.29% $0.00 1.13M Mar 3, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of The RealReal, Inc. (the "Company") common stock underlying restricted stock units ("RSUs") granted to the Reporting Person under the Company's 2019 Equity Incentive Plan. Each restricted stock unit is the economic equivalent of one share of TheRealReal, Inc. common stock.
F2 These restricted stock units vest quarterly over three years, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events.
F3 Represents shares of The RealReal, Inc. (the "Company") common stock underlying performance-based restricted stock units ("PSUs") granted to the Reporting Person under the Company's 2019 Equity Incentive Plan.
F4 The PSUs will time-vest annually in three equal tranches beginning on February 20, 2024, with each tranche's vesting and settlement subject to (i) the achievement of a performance-based vesting condition based on the 60-day volume-weighted average price of one share of the Company's common stock of $5.00, $7.50 and $10.00, respectively, measured over a five-year performance period, and (ii) the Reporting Person's continuous service as of each vesting date.