Director Mark McCaffrey gets 742 DRSUs at TheRealReal (REAL)

Rhea-AI Filing Summary

McCaffrey Mark reported acquisition or exercise transactions in this Form 4 filing.

TheRealReal, Inc. reported that director Mark McCaffrey received a grant of 742 deferred restricted stock units (DRSUs), each equal in value to one share of common stock. The award was granted on June 30, 2026 under the company’s 2019 Equity Incentive Plan and is fully vested.

The DRSUs will be settled in common shares after McCaffrey’s separation from service as a non-employee director or on a date he has elected. Following this grant, he holds 13,605 shares of common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCaffrey Mark

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	742	$0.00	--

Holdings After Transaction: Common Stock — 13,605 shares (Direct, null)

Footnotes (1)

1. Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon settlement of deferred restricted stock units (DRSUs). Each DRSU is the economic equivalent of one share of TheRealReal, Inc. common stock. The DRSUs were granted to the Reporting Person on June 30, 2026 pursuant to TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested. The DRSUs are deferred and generally will be settled upon the Reporting Persons separation from service as a Non-Employee Director of the TheRealReal Inc. or a date elected by the Reporting Person.

Key Figures

DRSU grant size: 742 units Post-grant holdings: 13,605 shares Grant price per share: $0.0000 per share +2 more

5 metrics

DRSU grant size 742 units Deferred restricted stock units granted June 30, 2026

Post-grant holdings 13,605 shares Total common stock held directly after transaction

Grant price per share $0.0000 per share Reported transaction price for DRSU award

Transaction code A Grant, award, or other acquisition of common stock

Transaction direction acquire Non-derivative acquisition via equity award

Key Terms

deferred restricted stock units (DRSUs), 2019 Equity Incentive Plan, Non-Employee Director

3 terms

deferred restricted stock units (DRSUs) financial

"Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon settlement of deferred restricted stock units (DRSUs)."

2019 Equity Incentive Plan financial

"The DRSUs were granted to the Reporting Person on June 30, 2026 pursuant to TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested."

Non-Employee Director regulatory

"The DRSUs are deferred and generally will be settled upon the Reporting Persons separation from service as a Non-Employee Director of the TheRealReal Inc."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:53 PM Accepted by SEC EDGAR 07/01/2026 - 04:53 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCaffrey Mark

(Last) (First) (Middle)

C/O THEREALREAL, INC.

55 FRANCISCO STREET SUITE 400

(Street)

SAN FRANCISCO CALIFORNIA 94133

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TheRealReal, Inc. [ REAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	06/30/2026		A		742(2)	A	$0	13,605	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon settlement of deferred restricted stock units (DRSUs). Each DRSU is the economic equivalent of one share of TheRealReal, Inc. common stock.

2. The DRSUs were granted to the Reporting Person on June 30, 2026 pursuant to TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested. The DRSUs are deferred and generally will be settled upon the Reporting Persons separation from service as a Non-Employee Director of the TheRealReal Inc. or a date elected by the Reporting Person.

Remarks:

	Todd Suko, Attorney in fact for Mark McCaffrey	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TheRealReal (REAL) report for Mark McCaffrey?

TheRealReal reported that director Mark McCaffrey received 742 deferred restricted stock units (DRSUs). These units are fully vested equity awards that will be settled in common shares at a future date, rather than an open-market stock purchase or sale.

How many TheRealReal (REAL) shares does Mark McCaffrey hold after this Form 4?

After the DRSU grant, Mark McCaffrey holds 13,605 shares of TheRealReal common stock directly. This total reflects his updated ownership position reported in the Form 4, including the impact of the 742 newly granted deferred restricted stock units.

What are deferred restricted stock units (DRSUs) at TheRealReal (REAL)?

Deferred restricted stock units (DRSUs) are equity awards economically equivalent to one share of TheRealReal common stock. They are fully vested here but settle in actual shares later, typically after a director’s separation from service or on a pre-elected future date.

When will Mark McCaffrey’s TheRealReal (REAL) DRSUs be settled into shares?

The DRSUs granted to Mark McCaffrey will generally settle when he separates from service as a non-employee director of TheRealReal, or on a specific date he has elected. Until settlement, they remain as deferred units rather than issued common shares.

Under which plan were TheRealReal (REAL) DRSUs granted to Mark McCaffrey?

The 742 DRSUs granted to Mark McCaffrey were issued under TheRealReal Inc. 2019 Equity Incentive Plan. This plan governs equity-based compensation awards the company provides to directors and other eligible participants, including fully vested but deferred stock unit grants.