View:
Download DOC
Download PDF
Download XLS

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. ___)*

 

The RealReal, Inc.
(Name of Issuer)
     
Common Stock
(Title of Class of Securities)
     
88339P101
(CUSIP Number)
     
December 31, 2019
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

  

 

  * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

CUSIP No. 88339P101 13G Page 1 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Great Hill Investors, LLC

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

Massachusetts

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    38,469
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   38,469
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    38,469
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

0.05%*

     
     
  12 TYPE OF REPORTING PERSON
   
    OO (Limited liability company)
     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  1 

 

 

CUSIP No. 88339P101 13G Page 2 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Great Hill Equity Partners V, L.P.

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

Delaware

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,928,262
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,928,262
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,928,262
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.57%*

     
     
  12 TYPE OF REPORTING PERSON
   
    PN
     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  2 

 

 

CUSIP No. 88339P101 13G Page 3 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

GHP V, LLC

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

Delaware

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,928,262
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,928,262
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,928,262
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.57%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

OO (Limited liability company)

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  3 

 

 

CUSIP No. 88339P101 13G Page 4 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Great Hill Partners GP V, L.P.

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

Delaware

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,928,262
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,928,262
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,928,262
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.57%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

PN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  4 

 

 

CUSIP No. 88339P101 13G Page 5 of 13 pages

 

1 NAMES OF REPORTING PERSONS
     
   

Christopher S. Gaffney

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

United States of America

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,966,731
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,966,731
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,966,731
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.62%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

IN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  5 

 

 

CUSIP No. 88339P101 13G Page 6 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

John G. Hayes

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

United States of America

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,966,731
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,966,731
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,966,731
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.62%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

IN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  6 

 

 

CUSIP No. 88339P101 13G Page 7 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Michael Andrew Kumin

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

United States of America

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,966,731
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,966,731
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,966,731
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.62%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

IN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  7 

 

 

CUSIP No. 88339P101 13G Page 8 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Mark D. Taber

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

United States of America

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,966,731
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,966,731
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,966,731
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.62%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

IN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  8 

 

 

CUSIP No. 88339P101 13G Page 9 of 13 pages

 

  1 NAMES OF REPORTING PERSONS
     
   

Matthew T. Vettel

     
     
  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
      (b)  x
     
     
  3 SEC USE ONLY
     
     
  4 CITIZENSHIP OR PLACE OF ORGANIZATION
     
   

United States of America

     

     
NUMBER OF 5 SOLE VOTING POWER
    0
SHARES    
     
BENEFICIALLY 6 SHARED VOTING POWER
   
    9,966,731
OWNED BY    
     
EACH 7 SOLE DISPOSITIVE POWER
    0
REPORTING    
     
PERSON 8 SHARED DISPOSITIVE POWER
   
WITH   9,966,731
     

     
  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
   
    9,966,731
     
     
  10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
       
    Not Applicable  
     
     
  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
   

11.62%*

     
     
  12 TYPE OF REPORTING PERSON
   
   

IN

     

 

 

 

* Based on 85,791,236 outstanding shares of Common Stock as of October 31, 2019, as noted in the Form 10-Q filed November 5, 2019.

 

  9 

 

 

CUSIP No. 88339P101 13G Page 10 of 13 pages

 

Item 1.

 

(a)Name of Issuer: The RealReal, Inc. (the “Issuer”).

 

(b)Address of the Issuer’s Principal Executive Offices: 55 Francisco Street, Suite 600, San Francisco, CA.

 

Item 2.

 

(a)Name of Person Filing: This statement is filed on behalf of:

 

Great Hill Equity Partners V, L.P.
Great Hill Investors LLC
GHP V, LLC
Great Hill Partners GP V, L.P.
Christopher S. Gaffney
John G. Hayes
Mark D. Taber
Matthew T. Vettel
Michael Andrew Kumin

 

(b)   Address of Principal Business Office: The principal business address of each of the reporting persons is c/o Great Hill Partners, L.P., 200 Clarendon Street, 29th floor, Boston, MA 02116.

 

(c)Citizenship:

 

Great Hill Equity Partners V, L.P. Delaware limited partnership
Great Hill Investors LLC Massachusetts limited liability company
GHP V, LLC Delaware limited liability company
Great Hill Partners GP V, L.P. Delaware limited partnership
Christopher S. Gaffney U.S. citizen
John G. Hayes U.S. citizen
Mark D. Taber U.S. citizen
Matthew T. Vettel U.S. citizen
Michael Andrew Kumin U.S. citizen

 

(d)Title and Class of Securities: Common stock, $0.00001 par value (“Common Stock”).

 

(e)CUSIP Number: 88339P101

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

  10 

 

 

CUSIP No. 88339P101 13G Page 11 of 13 pages

 

Item 4. Ownership:
   

(a)

Amount Beneficially Owned:

As of December 31, 2019, Great Hill Equity Partners V, L.P. (“GHEP V”) owned 9,928,262 shares of Common Stock. Great Hill Partners GP V, L.P. (“GHP V GP”), is the sole general partner of GHEP V. GHP V, LLC is the sole general partner of GHP V GP. Christopher Gaffney, John G. Hayes, Michael Andrew Kumin, Mark D. Taber and Matthew T. Vettel (collectively, the “GH Control Persons”) are the managers of GHP V, LLC.

 

As of December 31, 2019, Great Hill Investors, LLC (“GHI”) owned 38,469 shares of Common Stock. The GH Control Persons are the managers of GHI.

 

(b)

Percent of Class:

See the response(s) to Item 11 on the attached cover page(s).

 

(c) Number of shares as to which such person has:
  (i)

sole power to vote or to direct the vote:

See the response(s) to Item 5 on the attached cover page(s).

 

  (ii)

shared power to vote or to direct the vote

See the response(s) to Item 6 on the attached cover page(s).

 

  (iii)

sole power to dispose or to direct the disposition of

See the response(s) to Item 7 on the attached cover page(s).

 

  (iv)

shared power to dispose or to direct the disposition of

See the response(s) to Item 8 on the attached cover page(s).

   

Item 5. Ownership of Five Percent or Less of a Class:

 

Not applicable.

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person:

 

Not applicable.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

 

Not applicable.

  

  Item 8. Identification and Classification of Members of the Group:

 

Not applicable.

 

  Item 9. Notice of Dissolution of Group:

 

Not applicable.

 

Item 10. Certification:

 

Not applicable.

 

  11 

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2020

 

  Great Hill Investors, LLC
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Great Hill Equity Partners V, L.P.
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Great Hill Partners GP V, L.P.
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  GHP V, LLC
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Christopher S. Gaffney
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  John G. Hayes
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

 

 

 

  Michael ANDREW Kumin
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Mark D. Taber
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Matthew T. Vettel
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

 

 

 

LIST OF EXHIBITS

 

Exhibit No.   Description
     
99   Joint Filing Agreement

 

 

 

Exhibit 99

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 14th day of February 2020.

 

  Great Hill Investors, LLC
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Great Hill Equity Partners V, L.P.
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Great Hill Partners GP V, L.P.
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  GHP V, LLC
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Christopher S. Gaffney
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

 

 

 

  John G. Hayes
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Michael ANDREW Kumin
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Mark D. Taber
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact

 

  Matthew T. Vettel
   
  By: /s/ John S. Dwyer
  Name: John S. Dwyer
  Title: Attorney-in-fact