Ajay Madan Gopal - 26 Nov 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role: Chief Financial Officer
Signature: By: Todd Suko For: Ajay Madan Gopal
Issuer symbol: REAL
Transactions as of: 26 Nov 2025
Net transactions value: -$420,014
Form type: 4
Filing time: 28 Nov 2025, 14:35:57 UTC
Previous filing: 21 Nov 2025
Next filing: 24 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Madan Gopal Ajay	Chief Financial Officer	C/O THEREALREAL, INC., 55 FRANCISCO STREET SUITE 400, SAN FRANCISCO	By: Todd Suko For: Ajay Madan Gopal	28 Nov 2025	0002016432

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REAL	Common Stock	Sale	$420,014	-28,520	-2.4%	$14.73	1,156,092	26 Nov 2025	Direct	F1

* 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 $14.72 to $14.77. 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 $14.72 to $14.77. 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.