THE REALREAL INC

CUSIP: 88339PAJ0 Class: BND

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

WELLS FARGO & COMPANY/MN

Value ($000) $109 Shares 74,000

Institution	Shares	Value ($000)
WELLS FARGO & COMPANY/MN	74,000	$109

Increased Positions (3)

Graham Capital Management, L.P.

Value ($000) $60,246 (+133.1%) Shares 35,496,000 (+76.4%)

Skaana Management L.P.

Value ($000) $3,396 (+163.9%) Shares 2,000,000 (+100.0%)

Point72 Asset Management, L.P.

Value ($000) $78,452 (+113.9%) Shares 46,221,000 (+62.2%)

Institution	Prev Shares	Curr Shares	Change
Graham Capital Management, L.P.	20,124,000	35,496,000	+15,372,000 (+76.4%)
Skaana Management L.P.	1,000,000	2,000,000	+1,000,000 (+100.0%)
Point72 Asset Management, L.P.	28,491,000	46,221,000	+17,730,000 (+62.2%)

Decreased Positions (5)

Shaolin Capital Management LLC

Value ($000) $76,132 (+22.2%) Shares 45,000,000 (-6.7%)

SONA ASSET MANAGEMENT (US) LLC

Value ($000) $23,586 (+21.0%) Shares 13,897,000 (-7.9%)

ADVENT CAPITAL MANAGEMENT /DE/

Value ($000) $4,810 (-13.4%) Shares 2,800,000 (-35.2%)

AGF MANAGEMENT LTD

Value ($000) $286 (-86.5%) Shares 169,000 (-89.9%)

SG Americas Securities, LLC

Value ($000) $2 (-9.9%) Shares 12,000 (-33.3%)

Institution	Prev Shares	Curr Shares	Change
Shaolin Capital Management LLC	48,250,000	45,000,000	-3,250,000 (-6.7%)
SONA ASSET MANAGEMENT (US) LLC	15,097,000	13,897,000	-1,200,000 (-7.9%)
ADVENT CAPITAL MANAGEMENT /DE/	4,324,000	2,800,000	-1,524,000 (-35.2%)
AGF MANAGEMENT LTD	1,669,000	169,000	-1,500,000 (-89.9%)
SG Americas Securities, LLC	18,000	12,000	-6,000 (-33.3%)

Exited Positions (2)

Alpine Global Management, LLC

Value ($000) $5,588 Shares 5,000

HIGHBRIDGE CAPITAL MANAGEMENT LLC

Value ($000) $9,210 Shares 7,672,000

Institution	Prev Shares	Prev Value ($000)
Alpine Global Management, LLC	5,000	$5,588
HIGHBRIDGE CAPITAL MANAGEMENT LLC	7,672,000	$9,210