Sarah K. Tam - Jul 11, 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Chief Merchant Officer
Signature
/s/ Cara Schembri as Attorney-in-fact for Sarah K. Tam
Stock symbol
RENT
Transactions as of
Jul 11, 2023
Transactions value $
$0
Form type
4
Date filed
7/13/2023, 07:29 PM
Previous filing
Jun 21, 2023
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Award +124K +34.72% 482K Jul 11, 2023 Direct F1

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 Stock Option (Right to Buy) Disposed to Issuer -25K -100% 0 Jul 11, 2023 Class A Common Stock 25K $5.10 Direct F1, F2
transaction RENT Stock Option (Right to Buy) Disposed to Issuer -100K -100% 0 Jul 11, 2023 Class A Common Stock 100K $7.02 Direct F1, F2
transaction RENT Stock Option (Right to Buy) Disposed to Issuer -50K -100% 0 Jul 11, 2023 Class A Common Stock 50K $7.01 Direct F1, F2
transaction RENT Stock Option (Right to Buy) Disposed to Issuer -136K -100% 0 Jul 11, 2023 Class A Common Stock 136K $6.76 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 11, 2023, the Issuer canceled, pursuant to the Issuers Option Exchange Program, all options that had been tendered by the Reporting Person. In exchange for the options, the Reporting Person received 124,278 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class A Common Stock. The award of restricted stock units shall vest in eight equal quarterly installments over two years beginning on November 1, 2023, provided that the Reporting Person remains continuously employed on each vesting date.
F2 Prior to cancellation, the option was fully vested and exercisable.
F3 Prior to cancellation, the option vested and became exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.