Anushka Salinas - 29 Oct 2021 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
President & COO
Signature
/s/ Cara Schembri as Attorney-in-fact for Salinas Anushka
Issuer symbol
RENT
Transactions as of
29 Oct 2021
Net transactions value
-$150,969
Form type
4
Filing time
02 Nov 2021, 21:00:41 UTC
Previous filing
26 Oct 2021
Next filing
03 Feb 2022
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 -144,275 -100% 0 29 Oct 2021 Direct F1
transaction RENT Class A Common Stock Other +144,275 144,275 29 Oct 2021 Direct F1
transaction RENT Class A Common Stock Award +67,842 +47% 212,117 29 Oct 2021 Direct F2
transaction RENT Class A Common Stock Tax liability $150,969 -7,189 -3.4% $21.00* 204,928 29 Oct 2021 Direct F3

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 Stock Option (Right to Buy) Other $0 -160,000 -100% $0.000000* 0 29 Oct 2021 Common Stock 160,000 $7.66 Direct F1, F4
transaction RENT Stock Option (Right to Buy) Other $0 +160,000 $0.000000 160,000 29 Oct 2021 Class A Common Stock 160,000 $7.66 Direct F1, F4
transaction RENT Stock Option (Right to Buy) Other $0 -20,000 -100% $0.000000* 0 29 Oct 2021 Common Stock 20,000 $9.89 Direct F1, F5
transaction RENT Stock Option (Right to Buy) Other $0 +20,000 $0.000000 20,000 29 Oct 2021 Class A Common Stock 20,000 $9.89 Direct F1, F5
transaction RENT Stock Option (Right to Buy) Other $0 -20,000 -100% $0.000000* 0 29 Oct 2021 Common Stock 20,000 $7.01 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 +20,000 $0.000000 20,000 29 Oct 2021 Class A Common Stock 20,000 $7.01 Direct F1, F6
transaction RENT Stock Option (Right to Buy) Other $0 -200,000 -100% $0.000000* 0 29 Oct 2021 Common Stock 200,000 $7.01 Direct F1, F7
transaction RENT Stock Option (Right to Buy) Other $0 +200,000 $0.000000 200,000 29 Oct 2021 Class A Common Stock 200,000 $7.01 Direct F1, F7
transaction RENT Stock Option (Right to Buy) Other $0 -393,500 -100% $0.000000* 0 29 Oct 2021 Common Stock 393,500 $6.76 Direct F1, F8
transaction RENT Stock Option (Right to Buy) Other $0 +393,500 $0.000000 393,500 29 Oct 2021 Class A Common Stock 393,500 $6.76 Direct F1, F8
* 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 A Common Stock in an exempt transaction pursuant to Rule 16b-7.
F2 Includes 50,881 restricted stock units ("RSUs"), each of which respresents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in 16 substantially equal quarterly installments after the Issuer's initial public offering. The RSUs have no expiration date.
F3 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.
F4 The option is fully vested and exercisable.
F5 The option vests and becomes exercisable as to 25% of the underlying shares on February 27, 2019 and in 36 substantially equal monthly installments thereafter.
F6 The option vests and becomes exercisable as to 25% of the underlying shares on February 27, 2020 and in 36 substantially equal monthly installments thereafter.
F7 The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal monthly installments thereafter.
F8 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.