Larry Steinberg - Oct 29, 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
Stock symbol
RENT
Transactions as of
Oct 29, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 09:01 PM
Previous filing
Oct 26, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Common Stock Conversion of derivative security +23.7K +24.13% 122K Oct 29, 2021 Direct F1
transaction RENT Common Stock Other -122K -100% 0 Oct 29, 2021 Direct F2
transaction RENT Class A Common Stock Other +122K 122K Oct 29, 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 -23.7K -100% 0 Oct 29, 2021 Common Stock 23.7K Direct F1, F2
transaction RENT Stock Option (Right to Buy) Other $0 -237K -100% $0.00* 0 Oct 29, 2021 Common Stock 237K $6.76 Direct F2, F3
transaction RENT Stock Option (Right to Buy) Other $0 +237K $0.00 237K Oct 29, 2021 Class A Common Stock 237K $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.