Jennifer Y. Hyman - 01 Feb 2022 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: 01 Feb 2022
Net transactions value: -$8,608
Form type: 4
Filing time: 03 Feb 2022, 19:52:49 UTC
Previous filing: 16 Dec 2021
Next filing: 16 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RENT	Class A Common Stock	Conversion of derivative security	$0	+1,529		$0.000000	1,529	02 Feb 2022	Direct	F1
transaction	RENT	Class A Common Stock	Sale	$8,608	-1,529	-100%	$5.63	0	02 Feb 2022	Direct	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	Restricted Stock Units	Options Exercise	$0	-3,180	-6.2%	$0.000000	47,701	01 Feb 2022	Class B Common Stock	3,180		Direct	F2
transaction	RENT	Class B Common Stock	Options Exercise	$0	+3,180	+0.28%	$0.000000	1,125,603	01 Feb 2022	Class A Common Stock	3,180		Direct	F3
transaction	RENT	Class B Common Stock	Conversion of derivative security	$0	-1,529	-0.14%	$0.000000	1,124,074	02 Feb 2022	Class A Common Stock	1,529		Direct	F1, F3
holding	RENT	Class B Common Stock						123,108	01 Feb 2022	Class A Common Stock	123,108		Held by spouse	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were sold solely to cover taxes upon the vesting of restricted stock units on February 1, 2022, pursuant to a standing 10b5-1 instruction, resulting in the automatic conversion of the shares into Class A Common Stock upon the execution of the sale.
F2	Each RSU represents the contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vested as to 25% upon the Issuer's initial public offering with the remainder vesting in 16 substantially equal quarterly installments thereafter. The RSUs have no expiration date.
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.