Common stock, par value $0.00001

TheRealReal, Inc.

55 FRANCISCO STREET, SAN FRANCISCO, CA, 94133

Item 5(a) is hereby amended and restated to read as follows: 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 30, 2025, Philotimo beneficially owned 1,865,676 Shares. Percentage: Approximately 1.7% B. PHLOX As of the close of business on January 30, 2025, PHLOX beneficially owned 1,538,285 Shares. Percentage: Approximately 1.4% C. KWM As of the close of business on January 30, 2025, KWM beneficially owned 4,273,959 Shares, consisting of (i) the 1,865,676 Shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (ii) the 1,538,285 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX and (iii) 869,998 Shares held in the Managed Accounts. Percentage: Approximately 3.9% D. Mr. Kanen As of the close of business on January 30, 2025, Mr. Kanen may be deemed to beneficially own 4,296,153 Shares, consisting of (i) 22,194 Shares owned directly by Mr. Kanen and (ii) the 4,273,959 Shares beneficially owned by KWM, which Mr. Kanen may be deemed to beneficially own as the managing member of KWM. Percentage: Approximately 3.9%

Item 5(b) is hereby amended and restated to read as follows: A. Philotimo 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,865,676 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,865,676 B. PHLOX 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,538,285 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,538,285 C. KWM 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,273,959 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,273,959 D. Mr. Kanen 1. Sole power to vote or direct vote: 22,194 2. Shared power to vote or direct vote: 4,273,959 3. Sole power to dispose or direct the disposition: 22,194 4. Shared power to dispose or direct the disposition: 4,273,959

Item 5(c) is hereby amended and restated to read as follows: A. Philotimo The transactions in the Shares by Philotimo since the filing of Amendment No. 1 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. B. PHLOX The transactions in the Shares by PHLOX since the filing of Amendment No. 1 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. C. KWM The transactions in the Shares by KWM since the filing of Amendment No. 1 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. D. Mr. Kanen Mr. Kanen has not transacted in the Shares since the filing of Amendment No. 1 to the Schedule 13D. 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.

Item 5(e) is hereby amended and restated to read as follows: The Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer as of January 28, 2025.