Jennifer Y. Hyman - 15 Mar 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
15 Mar 2022
Net transactions value
$0
Form type
4
Filing time
17 Mar 2022, 20:07:50 UTC
Previous filing
03 Feb 2022
Next filing
21 Mar 2022
SEC
View on sec.gov

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 -12,931 -11% $0.000000 103,451 15 Mar 2022 Class B Common Stock 12,931 Direct F1
transaction RENT Class B Common Stock Options Exercise $0 +12,931 +1.2% $0.000000 1,137,005 15 Mar 2022 Class A Common Stock 12,931 Direct F2
transaction RENT Restricted Stock Units Award $0 +536,637 $0.000000 536,637 15 Mar 2022 Class A Common Stock 536,637 Direct F3
holding RENT Class B Common Stock 123,108 15 Mar 2022 Class A Common Stock 123,108 Held by spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive one share of the Issuer's Class B Common Stock. The 12,931 RSUs that vested on February 1, 2022 became settleable on March 15, 2022. The remaining RSUs vest in 8 substantially equal quarterly installments commencing on May 1, 2022.
F2 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.
F3 The RSUs vests in 2 equal annual installments, beginning on March 15, 2023, provided the reporting person remains continuously employed on each vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs have no expiration date.