Jennifer Fleiss - 15 Mar 2022 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Director
Signature
/s/ Cara Schembri as Attorney-in-fact for Jennifer Fleiss
Issuer symbol
RENT
Transactions as of
15 Mar 2022
Net transactions value
$0
Form type
4
Filing time
17 Mar 2022, 20:08:54 UTC
Previous filing
02 Nov 2021
Next filing
04 May 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 -3,440 -20% $0.000000 13,760 15 Mar 2022 Class B Common Stock 3,440 Direct F1
transaction RENT Class B Common Stock Options Exercise $0 +3,440 +0.56% $0.000000 612,521 15 Mar 2022 Class A Common Stock 3,440 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock units ("RSUs") represents a contingent right to receive one share of the Issuer's Class B Common Stock. The 3,440 RSUs that vested on February 1, 2022 became settleable on March 15, 2022. The remaining RSUs will vest in 4 substantially equal quarterly installments commencing on May 1, 2022. The RSUs have no expiration date.
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.