TheRealReal, Inc. (REAL) director receives 14,150-share RSU-related stock grant

Rhea-AI Filing Summary

TheRealReal, Inc. director Jennifer McKeehan received an equity grant of 14,150 shares of common stock on 2026-07-27, reported as a grant or award acquisition at $0.0000 per share. A footnote explains these represent shares to be issued upon settlement of restricted stock units (RSUs), each equal to one common share. Following this grant, her directly held position is reported as 18,397 shares of common stock.

Insider Trade Summary

Net Buyer: 14,150 shares

Net Buy 1 txn

Insider McKeehan Jennifer

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	14,150	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,397 shares (Direct)

Footnotes (1)

1. F1. Represents shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person upon settlement of restricted stock units (RSUs). Each RSU is the economic equivalent of one share of TheRealReal, Inc. common stock.

Key Figures

Shares granted: 14,150 shares Grant price per share: $0.0000 Shares owned after transaction: 18,397 shares +1 more

4 metrics

Shares granted 14,150 shares Grant or award acquisition of common stock linked to RSUs on 2026-07-27

Grant price per share $0.0000 Reported transaction price per share for the RSU-related stock grant

Shares owned after transaction 18,397 shares Director’s direct holdings following the reported grant

Transaction date 2026-07-27 Date of RSU-related common stock grant to director

Key Terms

restricted stock units (RSUs), economic equivalent, grant, award, or other acquisition

3 terms

restricted stock units (RSUs) financial

"upon settlement of restricted stock units (RSUs). Each RSU is the economic"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

economic equivalent financial

"Each RSU is the economic equivalent of one share of TheRealReal"

grant, award, or other acquisition financial

"transaction code description is Grant, award, or other acquisition"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/29/2026 - 04:37 PM Accepted by SEC EDGAR 07/29/2026 - 04:37 PM Learn about SEC filing dates

FAQ

What insider transaction did TheRealReal (REAL) disclose for director Jennifer McKeehan?

TheRealReal (REAL) reported that director Jennifer McKeehan received an equity grant of 14,150 shares of common stock on 2026-07-27. A footnote clarifies these are shares issuable upon settlement of restricted stock units (RSUs), each equivalent to one share of common stock.

How many TheRealReal (REAL) shares were granted to Jennifer McKeehan and at what price?

Jennifer McKeehan was granted 14,150 shares of TheRealReal common stock at a reported price of $0.0000 per share. The transaction is characterized as a grant or award, with the shares tied to RSUs that will settle into common stock on future vesting or settlement events.

What are the RSUs mentioned in Jennifer McKeehan’s Form 4 for TheRealReal (REAL)?

The filing states the grant represents shares issuable upon settlement of restricted stock units (RSUs). Each RSU is described as the economic equivalent of one share of TheRealReal common stock, meaning they convert into an equal number of shares when they settle, subject to applicable terms.

What is Jennifer McKeehan’s reported ownership in TheRealReal (REAL) after this RSU-related grant?

After the reported grant, Jennifer McKeehan’s direct holdings are listed as 18,397 shares of TheRealReal common stock. This figure reflects her position following the 14,150-share grant tied to RSUs, as disclosed in the Form 4’s post-transaction ownership column for direct holdings.

Was Jennifer McKeehan’s TheRealReal (REAL) stock grant under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative. The transaction is reported as a grant or award acquisition of RSU-related shares, rather than a purchase or sale executed under a pre-arranged Rule 10b5-1 trading plan framework.

Is Jennifer McKeehan’s TheRealReal (REAL) transaction a market purchase or a compensation award?

The transaction is coded as a grant, award, or other acquisition, not a market purchase. The shares are linked to RSUs that will settle into common stock, and the reported per-share price is $0.0000, consistent with equity compensation rather than an open-market buy.

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^*

McKeehan Jennifer

(Last) (First) (Middle)

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)
07/27/2026

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	07/27/2026		A		14,150(1)	A	$0	18,397	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 restricted stock units (RSUs). Each RSU is the economic equivalent of one share of TheRealReal, Inc. common stock.

Remarks:

	By Todd Suko, Attorney in Fact for Jennifer McKeehan	07/29/2026
	** 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)