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

Role
Chief Technology Officer
Signature
/s/ Cara Schembri as Attorney-in-fact for Larry Steinberg
Issuer symbol
RENT
Transactions as of
29 Oct 2021
Net transactions value
$0
Form type
4
Filing time
02 Nov 2021, 21:01:11 UTC
Previous filing
26 Oct 2021
Next filing
17 Mar 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 Conversion of derivative security +23,744 +24% 122,162 29 Oct 2021 Direct F1
transaction RENT Common Stock Other -122,162 -100% 0 29 Oct 2021 Direct F2
transaction RENT Class A Common Stock Other +122,162 122,162 29 Oct 2021 Direct F2

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 Series G Preferred Stock Conversion of derivative security -23,744 -100% 0 29 Oct 2021 Common Stock 23,744 Direct F1, F2
transaction RENT Stock Option (Right to Buy) Other $0 -237,400 -100% $0.000000* 0 29 Oct 2021 Common Stock 237,400 $6.76 Direct F2, F3
transaction RENT Stock Option (Right to Buy) Other $0 +237,400 $0.000000 237,400 29 Oct 2021 Class A Common Stock 237,400 $6.76 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.
F2 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.
F3 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.