Jennifer Y. Hyman - 16 Mar 2022 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role: Chief Executive Officer, Director
Signature: /s/ Cara Schembri as Attorney-in-fact for Jennifer Y. Hyman
Issuer symbol: RENT
Transactions as of: 16 Mar 2022
Net transactions value: -$235,117
Form type: 4
Filing time: 21 Mar 2022, 20:00:30 UTC
Previous filing: 16 Mar 2022
Next filing: 04 May 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	+24,525		$0.000000	24,525	16 Mar 2022	Direct	F1
transaction	RENT	Class A Common Stock	Sale	$131,633	-24,525	-100%	$5.37	0	16 Mar 2022	Direct	F1, F2, F3
transaction	RENT	Class A Common Stock	Conversion of derivative security	$0	+18,774		$0.000000	18,774	17 Mar 2022	Direct	F1
transaction	RENT	Class A Common Stock	Sale	$103,484	-18,774	-100%	$5.51	0	17 Mar 2022	Direct	F1, F2, F4

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	Class B Common Stock	Conversion of derivative security	$0	-24,525	-2.2%	$0.000000	1,112,480	16 Mar 2022	Class A Common Stock	24,525		Direct	F1, F5
transaction	RENT	Class B Common Stock	Conversion of derivative security	$0	-18,774	-1.7%	$0.000000	1,093,706	17 Mar 2022	Class A Common Stock	18,774		Direct	F1, F5
holding	RENT	Class B Common Stock						123,108	16 Mar 2022	Class A Common Stock	123,108		Held by spouse	F5

* 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 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	Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon vesting of restricted stock units for certain employees of the Issuer.
F3	The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of restricted stock units for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $5.21 to $5.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of restricted stock units for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $5.27 to $5.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5	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.