Jennifer Hyman - Feb 1, 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
Stock symbol: RENT
Transactions as of: Feb 1, 2022
Transactions value $: -$8,608
Form type: 4
Date filed: 2/3/2022, 07:52 PM
Previous filing: Dec 16, 2021
Next filing: Mar 16, 2022

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	+1.53K		$0.00	1.53K	Feb 2, 2022	Direct	F1
transaction	RENT	Class A Common Stock	Sale	-$8.61K	-1.53K	-100%	$5.63	0	Feb 2, 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	-3.18K	-6.25%	$0.00	47.7K	Feb 1, 2022	Class B Common Stock	3.18K		Direct	F2
transaction	RENT	Class B Common Stock	Options Exercise	$0	+3.18K	+0.28%	$0.00	1.13M	Feb 1, 2022	Class A Common Stock	3.18K		Direct	F3
transaction	RENT	Class B Common Stock	Conversion of derivative security	$0	-1.53K	-0.14%	$0.00	1.12M	Feb 2, 2022	Class A Common Stock	1.53K		Direct	F1, F3
holding	RENT	Class B Common Stock						123K	Feb 1, 2022	Class A Common Stock	123K		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.