Jennifer Y. Hyman - 29 Oct 2021 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Cara Schembri as Attorney-in-fact for Jennifer Y. Hyman
Issuer symbol
RENT
Transactions as of
29 Oct 2021
Net transactions value
-$150,969
Form type
4
Filing time
02 Nov 2021, 21:00:34 UTC
Previous filing
26 Oct 2021
Next filing
15 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Common Stock Other -1,229,033 -100% 0 29 Oct 2021 Direct F1
transaction RENT Common Stock Other -123,108 -100% 0 29 Oct 2021 Held by Spouse F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RENT Class B Common Stock Other +1,099,719 1,099,719 29 Oct 2021 Class A Common Stock 1,099,719 Direct F1, F3
transaction RENT Restricted Stock Units Other +129,314 129,314 29 Oct 2021 Class B Common Stock 129,314 Direct F1, F2
transaction RENT Restricted Stock Units Options Exercise -12,932 -10% 116,382 29 Oct 2021 Class B Common Stock 12,932 Direct F2
transaction RENT Class B Common Stock Options Exercise +12,932 +1.2% 1,112,651 29 Oct 2021 Class A Common Stock 12,932 Direct F3
transaction RENT Class B Common Stock Other +123,108 123,108 29 Oct 2021 Class A Common Stock 123,108 Held by spouse F1, F3
transaction RENT Restricted Stock Units Award +67,842 67,842 29 Oct 2021 Class B Common Stock 67,842 Direct F4
transaction RENT Restricted Stock Units Options Exercise -16,961 -25% 50,881 29 Oct 2021 Class B Common Stock 16,961 Direct F4
transaction RENT Class B Common Stock Options Exercise +16,961 +1.5% 1,129,612 29 Oct 2021 Class A Common Stock 16,961 Direct F3
transaction RENT Class B Common Stock Tax liability $150,969 -7,189 -0.64% $21.00* 1,122,423 29 Oct 2021 Class A Common Stock 7,189 Direct F3, F5
transaction RENT Stock Option (Right to Buy) Other $0 -327,128 -100% $0.000000* 0 29 Oct 2021 Common Stock 327,128 $2.86 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 +327,128 $0.000000 327,128 29 Oct 2021 Class B Common Stock 327,128 $2.86 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 -191,812 -100% $0.000000* 0 29 Oct 2021 Common Stock 191,812 $2.38 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 +191,812 $0.000000 191,812 29 Oct 2021 Class B Common Stock 191,812 $2.38 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 -53,421 -100% $0.000000* 0 29 Oct 2021 Common Stock 53,421 $7.02 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 +53,421 $0.000000 53,421 29 Oct 2021 Class B Common Stock 53,421 $7.02 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 -395,218 -100% $0.000000* 0 29 Oct 2021 Common Stock 395,218 $7.66 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 +395,218 $0.000000 395,218 29 Oct 2021 Class B Common Stock 395,218 $7.66 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 -280,606 -100% $0.000000* 0 29 Oct 2021 Common Stock 280,606 $9.89 Direct F1, F7
transaction RENT Stock Option (Right to Buy) Other $0 +280,606 $0.000000 280,606 29 Oct 2021 Class B Common Stock 280,606 $9.89 Direct F1, F7
transaction RENT Stock Option (Right to Buy) Other $0 -514,754 -100% $0.000000* 0 29 Oct 2021 Common Stock 514,754 $7.01 Direct F1, F8
transaction RENT Stock Option (Right to Buy) Other $0 +514,754 $0.000000 514,754 29 Oct 2021 Class B Common Stock 514,754 $7.01 Direct F1, F8
transaction RENT Stock Option (Right to Buy) Other $0 -603,606 -100% $0.000000* 0 29 Oct 2021 Common Stock 603,606 $7.01 Direct F1, F9
transaction RENT Stock Option (Right to Buy) Other $0 +603,606 $0.000000 603,606 29 Oct 2021 Class B Common Stock 603,606 $7.01 Direct F1, F9
transaction RENT Stock Option (Right to Buy) Other $0 -1,017,600 -100% $0.000000* 0 29 Oct 2021 Common Stock 1,017,600 $6.76 Direct F1, F10
transaction RENT Stock Option (Right to Buy) Other $0 +1,017,600 $0.000000 1,017,600 29 Oct 2021 Class B Common Stock 1,017,600 $6.76 Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in 16 substantially equal quarterly installments commencing on February 1, 2022.
F3 Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. Each share of Class B common stock will automatically convert into one share of Class A common stock upon certain sales or transfers. The Class B common stock do not expire.
F4 Each RSU represents the contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest as to 25% upon the Issuer's initial public offering and in 16 substantially equal quarterly installments thereafter. The RSUs have no expiration date.
F5 These shares were withheld by the Issuer to satisfy the reporting person's tax withholding obligations. Not a market sale. The remaining shares reported herein remain subject to a lock-up agreement with the underwriters for the Issuer's initial public offering.
F6 The option is fully vested and exercisable.
F7 The option vests and becomes exercisable as to the underlying shares in 48 substantially equal monthly installments, with the first of such installments vesting on March 1, 2018.
F8 The option vests and becomes exercisable as to the underlying shares in 48 substantially equal monthly installments, with the first of such installments vesting on March 1, 2019.
F9 The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal montly installments thereafter.
F10 The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.