James R. Miller - Jul 24, 2024 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role
Director
Signature
By: Todd Suko For: James R. Miller
Stock symbol
REAL
Transactions as of
Jul 24, 2024
Transactions value $
-$173,424
Form type
4
Date filed
7/26/2024, 04:01 PM
Previous filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REAL Common Stock Award $0 +50.9K +31.73% $0.00 211K Jul 24, 2024 Direct F1
transaction REAL Common Stock Sale -$173K -53.5K -25.32% $3.24 158K Jul 26, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs") vest on the earlier of (a) the first anniversary of the grant date of such award or (b) the date immediately preceding the next annual meeting of Companys stockholders, subject to the non-employee directors continued service through the applicable vesting date.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 27, 2023.
F3 Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $3.19 to $3.30. Reporting Person undertakes to provide TheRealReal, Inc., any security holder of TheRealReal, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.