BETH J. KAPLAN - 11 Jul 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
Issuer symbol: RENT
Transactions as of: 11 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Jul 2023, 19:33:38 UTC
Previous filing: 03 Jul 2023
Next filing: 14 Jul 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	Award		+22,066	+4.1%		564,886	11 Jul 2023	Direct	F1
holding	RENT	Class A Common Stock						12,489	11 Jul 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		-55,167	-100%		0	11 Jul 2023	Class A Common Stock	55,167	$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.