Beth Kaplan - Jul 11, 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Director
Signature
/s/ Cara Schembri as Attorney-in-fact for Beth J. Kaplan
Stock symbol
RENT
Transactions as of
Jul 11, 2023
Transactions value $
$0
Form type
4
Date filed
7/13/2023, 07:33 PM
Previous filing
Jul 3, 2023
Next filing
Jul 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Award +22.1K +4.07% 565K Jul 11, 2023 Direct F1
holding RENT Class A Common Stock 12.5K Jul 11, 2023 See Footnote F2

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 -55.2K -100% 0 Jul 11, 2023 Class A Common Stock 55.2K $5.10 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 22,066 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 Held directly by SK Limited Partnership. The Reporting Person may be deemed to have voting and dispositive power over the shares held by SK Limited Partnership.
F3 Prior to cancellation, the option was fully vested and exercisable.