Gilbert L. Baird III - Jul 23, 2025 Form 4 Insider Report for TheRealReal, Inc. (REAL)

Role
Director
Signature
By: Todd Suko For: Gilbert L Baird III
Stock symbol
REAL
Transactions as of
Jul 23, 2025
Transactions value $
$0
Form type
4
Date filed
8/11/2025, 05:45 PM
Previous filing
Jul 26, 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baird Gilbert L. III Director C/O THEREALREAL, INC., 55 FRANCISCO STREET SUITE 400, SAN FRANCISCO By: Todd Suko For: Gilbert L Baird III 2025-08-11 0001586636

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REAL Common Stock Award $0 +26K $0.00 26K Jul 23, 2025 Direct F1, F2
holding REAL Common Stock 7.69M Jul 23, 2025 by GreyLion F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 amount of the reported securities gives effect to a reduction in shares of Common Stock underlying RSUs that were held directly by the Reporting Person for the benefit of GreyLion (which shares were received upon vesting and transferred to GreyLion), and the corresponding increase in shares held indirectly through GreyLion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, which interest is unchanged by the transfer.
F3 Includes 5,785,182 shares held by PWP Growth Equity Fund II LP and 1,665,148 shares held by PWP Growth Equity Fund II B LP (collectively, the "Funds") for which investing, management and voting control is exercised by GreyLion Partners LP (together with its affiliates, "GreyLion Partners"). David Ferguson and the Reporting Person are members of the GreyLion Partners investment committee and control voting and investment decisions related to the shares reported herein.