TheRealReal Inc

Severance and Change of Control Agreements

On October 29, 2024, the Compensation, Diversity and Inclusion Committee of the Board of Directors of the Company approved an amended and restated Severance and Change in Control Agreement (the “A&R Severance Agreement”) for our executive officers, including our named executive officers, other than Rati Sahi Levesque, and each of Ajay Gopal, Todd Suko and Chatelle Lynch entered into an A&R Severance Agreement as of such date.

The A&R Severance Agreements provide for the following severance benefits: (i) upon a qualifying termination during the three months prior to or twelve months following a change in control of the Company, (A) a lump sum cash severance payment equal to twelve months of the executive’s annual salary plus target bonus (the “Severance Payment”), (B) a prorated target bonus for the year of termination (the “Prorated Bonus”), (C) a lump sum cash payment equal to the employer subsidy portion of the executive’s monthly healthcare insurance premiums for a period of twelve months (the “Healthcare Subsidy Payment”), and (D) accelerated vesting of all outstanding and unvested equity awards based on target performance or (ii) upon a qualifying termination of employment at any other time, the Severance Payment, the Prorated Bonus and the Healthcare Subsidy Payment.

The form of A&R Severance Agreement is filed as Exhibit 10.4 to this quarterly report on Form 10-Q and is incorporated herein by reference.