X0306 4 2020-01-06 0001573221 TheRealReal, Inc. REAL 0001780551 Sahi Levesque Rati C/O THE REALREAL, INC. 55 FRANCISCO STREET, SUITE 600 SAN FRANCISCO CA 94133 true Chief Operating Officer Common Stock 2020-01-06 4 M 0 5000 7.64 A 265540 D Common Stock 2020-01-06 4 S 0 5000 18.029 D 260540 D Stock Option (right to buy) 7.64 2020-01-06 4 M 0 5000 0 D 2028-12-05 Common Stock 5000 120000 D The price reported in Column 4 is a weighted average price. The shares were sold in multiple transaction at prices ranging from $18.00 to $18.11, inclusive. The reporting person undertakes to provide to The RealReal Inc., any security holder of The RealReal 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 range set forth in footnote (1). The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2019. This option vests in 48 substantially equal monthly installments beginning on January 5, 2019, subject to the reporting person's continuous service as of each vesting date and subject to acceleration upon certain events. /s/ Matt Gustke, attorney-in-fact 2020-01-07