Form 4 for REAL TheRealReal, Inc.

Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-03 · accession 0001573221-23-000028 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2023-03-07	2023-03-03	REAL	Sahi Levesque Rati	Pres, COO	A - Grant	$0.00	+500.0K	980.8K	+104%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-03-03	A	A	150,000	$0.00	1,130,844	D	—	—	(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.
2	Common	Common Stock	2023-03-03	A	A	350,000	$0.00	980,844	D	—	—	(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.