Jennifer Hyman - Mar 15, 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
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2022, 08:07 PM
Previous filing
Feb 3, 2022
Next filing
Mar 21, 2022

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 -12.9K -11.11% $0.00 103K Mar 15, 2022 Class B Common Stock 12.9K Direct F1
transaction RENT Class B Common Stock Options Exercise $0 +12.9K +1.15% $0.00 1.14M Mar 15, 2022 Class A Common Stock 12.9K Direct F2
transaction RENT Restricted Stock Units Award $0 +537K $0.00 537K Mar 15, 2022 Class A Common Stock 537K Direct F3
holding RENT Class B Common Stock 123K Mar 15, 2022 Class A Common Stock 123K 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.