TheRealReal, Inc.
5.80%
6,330,517
1573221
88339P101
Jan 1, 2025
Jan 6, 2025, 08:06 PM
Reporting Persons (4)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Kanen Wealth Management LLC | Investment Adviser | 5.80% | 6,308,323 | 0 | 6,308,323 |
| Kanen David | Individual | 5.80% | 6,330,517 | 22,194 | 6,308,323 |
| Philotimo Fund, LP | Investment Adviser | 3.20% | 3,495,965 | 0 | 3,495,965 |
| Philotimo Focused Growth & Income Fund | Investment Adviser | 1.80% | 1,941,860 | 0 | 1,941,860 |
Disclosure Items (4)
Common stock, par value $0.00001
TheRealReal, Inc.
55 FRANCISCO STREET, SAN FRANCISCO, CA, 94133
The Shares purchased by Philotimo were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The Shares purchased by PHLOX were purchased with the funds for the accounts of its customers (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The Shares purchased by KWM were purchased with the funds for the accounts of its customers (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 3,495,965 Shares beneficially owned by Philotimo is approximately $10,758,084, including brokerage commissions. The aggregate purchase price of the 1,941,860 Shares beneficially owned by PHLOX is approximately $5,611,162, including brokerage commissions. The aggregate purchase price of the 870,498 Shares held in the Managed Accounts is approximately $2,308,583, including brokerage commissions. The aggregate purchase price of the 22,194 Shares beneficially owned by Mr. Kanen is approximately $54,448, including brokerage commissions.
The aggregate percentage of Shares reported owned by each person named herein is based upon 109,691,196 Shares outstanding as of October 30, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on November 4, 2024. A. Philotimo As of the close of business on January 6, 2025, Philotimo beneficially owned 3,495,965 Shares. Percentage: Approximately 3.2% B. PHLOX As of the close of business on January 6, 2025, PHLOX beneficially owned 1,941,860 Shares. Percentage: Approximately 1.8% C. KWM As of the close of business on January 6, 2025, KWM beneficially owned 6,308,323 Shares, consisting of (i) the 3,495,965 Shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (ii) the 1,941,860 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX and (iii) 870,498 Shares held in the Managed Accounts. Percentage: Approximately 5.8% D. Mr. Kanen As of the close of business on January 6, 2025, Mr. Kanen may be deemed to beneficially own 6,330,517 Shares, consisting of (i) 22,194 Shares owned directly by Mr. Kanen and (ii) the 6,308,323 Shares beneficially owned by KWM, which Mr. Kanen may be deemed to beneficially own as the managing member of KWM. Percentage: Approximately 5.8%
A. Philotimo 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 3,495,965 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 3,495,965 B. PHLOX 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,941,860 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,941,860 C. KWM 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,308,323 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,308,323 D. Mr. Kanen 1. Sole power to vote or direct vote: 22,194 2. Shared power to vote or direct vote: 6,308,323 3. Sole power to dispose or direct the disposition: 22,194 4. Shared power to dispose or direct the disposition: 6,308,323
A. Philotimo The transactions in the Shares by Philotimo during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. B. PHLOX The transactions in the Shares by PHLOX during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. C. KWM The transactions in the Shares by KWM during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. D. Mr. Kanen The transactions in the Shares by Mr. Kanen during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. KWM, in its role as investment manager to the Managed Accounts, to which it furnishes investment advice, and Mr. Kanen, as the managing member of KWM, may each be deemed to beneficially own shares of the Issuer's Shares held in the Managed Accounts.
1 - Transactions in Securities