Jennifer Y. Hyman - 01 Feb 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role: CEO & Chair, Director
Signature: /s/ Cara Schembri as Attorney in- fact for Jennifer Y. Hyman
Issuer symbol: RENT
Transactions as of: 01 Feb 2023
Net transactions value: -$34,898
Form type: 4
Filing time: 03 Feb 2023, 16:37:31 UTC
Previous filing: 05 Jan 2023
Next filing: 06 Feb 2023
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	+7,737		$0.000000	7,737	02 Feb 2023	Direct	F1
transaction	RENT	Class A Common Stock	Sale	$34,898	-7,737	-100%	$4.51	0	02 Feb 2023	Direct	F1, F2, F3

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	-20%	$0.000000	51,726	01 Feb 2023	Class B Common Stock	12,931		Direct	F4
transaction	RENT	Class B Common Stock	Options Exercise	$0	+12,931	+1.2%	$0.000000	1,126,206	01 Feb 2023	Class A Common Stock	12,931		Direct	F5
transaction	RENT	Restricted Stock Units	Options Exercise	$0	-3,180	-8.3%	$0.000000	34,981	01 Feb 2023	Class B Common Stock	3,180		Direct	F6
transaction	RENT	Class B Common Stock	Options Exercise	$0	+3,180	+0.28%	$0.000000	1,129,386	01 Feb 2023	Class A Common Stock	3,180		Direct	F5
transaction	RENT	Class B Common Stock	Conversion of derivative security	$0	-7,737	-0.69%	$0.000000	1,121,649	02 Feb 2023	Class A Common Stock	7,737		Direct	F1, F5
holding	RENT	Class B Common Stock						123,108	01 Feb 2023	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 converted to Class A common stock and sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing 10b5-1 instruction.
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 $4.41 to $4.66, 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	Each restricted stock unit ("RSU") represents the contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in four remaining substantially equal quarterly installments.
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.
F6	Each RSU represents the contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in eleven remaining substantially equal quarterly installments.