Steve Ming Lo - 05 Dec 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role: Chief Accounting Officer
Signature: Todd Suko, Attorney in Fact for Steve Lo
Issuer symbol: REAL
Transactions as of: 05 Dec 2025
Net transactions value: -$896,424
Form type: 4
Filing time: 09 Dec 2025, 16:03:24 UTC
Previous filing: 28 Nov 2025
Next filing: 24 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lo Steve Ming	Chief Accounting Officer	C/O THEREALREAL, INC., 55 FRANCISCO STREET SUITE 400, SAN FRANCISCO	Todd Suko, Attorney in Fact for Steve Lo	09 Dec 2025	0001780940

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REAL	Common Stock	Sale	$8,021	-555	-0.22%	$14.45	248,998	05 Dec 2025	Direct	F1
transaction	REAL	Common Stock	Sale	$57,265	-3,974	-1.6%	$14.41	245,024	08 Dec 2025	Direct	F2
transaction	REAL	Common Stock	Sale	$196,407	-13,900	-5.7%	$14.13	231,124	08 Dec 2025	Direct
transaction	REAL	Common Stock	Sale	$634,731	-43,926	-19%	$14.45	187,198	09 Dec 2025	Direct

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

Explanation of Responses:

Id	Content
F1	Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.45 to $14.46. 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.
F2	Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.410 to $14.435. 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.

Content

Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.45 to $14.46. 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.

Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $14.410 to $14.435. 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.