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  4. [Form 4] TheRealReal, Inc. Insider Trading Activity

TheRealReal (REAL) director awarded 14,150 deferred restricted stock units

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KROLIK ROBERT J reported acquisition or exercise transactions in this Form 4 filing.

TheRealReal, Inc. reported that director Robert J. Krolik received an equity award of 14,150 shares of common stock in the form of deferred restricted stock units (DRSUs) on July 27, 2026. Each DRSU equals one share of common stock upon settlement, bringing his directly held position to 205,507 shares.

Positive

  • None.

Negative

  • None.
Insider KROLIK ROBERT J
Role Director
Type Security Shares Price Value
Grant/Award Common Stock F1 14,150 $0.00 $0.00
Holdings After Transaction: Common Stock — 205,507 shares (Direct)
Footnotes (1)
  1. F1. 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.
Equity award size 14,150 shares Shares of common stock represented by DRSUs granted on July 27, 2026
Price per share for award $0.0000 per share Reported transaction price for the DRSU grant
Post-transaction holdings 205,507 shares Total directly held TheRealReal common shares after the grant
DRSU share equivalence 1 share per DRSU Each DRSU is the economic equivalent of one share of common stock
deferred restricted stock units (DRSUs) financial
"upon settlement of deferred restricted stock units (DRSUs). Each DRSU is the economic"
economic equivalent financial
"Each DRSU is the economic equivalent of one share of TheRealReal, Inc."
common stock financial
"shares of TheRealReal, Inc. common stock that will be issued to the Reporting Person"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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FAQ

What insider transaction did TheRealReal (REAL) report for Robert J. Krolik?
TheRealReal reported that director Robert J. Krolik received an equity award of 14,150 deferred restricted stock units (DRSUs) on July 27, 2026. These units represent future delivery of common stock rather than an open-market purchase or sale.

How many TheRealReal (REAL) shares does Robert J. Krolik hold after this award?
Following the grant, Robert J. Krolik is reported to directly hold 205,507 shares of TheRealReal common stock. This total includes the newly awarded DRSUs that will convert into shares upon settlement, according to the filing details.

What are deferred restricted stock units (DRSUs) in TheRealReal (REAL) filing?
In this context, deferred restricted stock units (DRSUs) are awards where each DRSU is the economic equivalent of one share of TheRealReal common stock. Shares are issued later upon settlement, aligning compensation with the company’s equity value.

Was Robert J. Krolik’s TheRealReal (REAL) award reported under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating this grant was not reported as made under a Rule 10b5-1 trading plan. It is disclosed as a grant or other acquisition of stock units.

Did Robert J. Krolik buy or sell TheRealReal (REAL) shares on the market?
No market buy or sell was reported. The transaction is coded as an “A” grant or award acquisition, reflecting compensation in the form of deferred restricted stock units rather than a purchase or sale on the open market.
SEC Form 4
FORM 4UNITED 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*
KROLIK ROBERT J
(Last)(First)(Middle)
C/O THEREALREAL, INC.
55 FRANCISCO STREET
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/27/2026A(1)14,150A$0205,507D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
Remarks:
By: Todd Suko For: Robert J. Krolik07/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR