Brian Donato - Aug 2, 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Chief Revenue Officer
Signature
/s/ Cara Schembri as Attorney-in-fact for Brian Donato
Stock symbol
RENT
Transactions as of
Aug 2, 2023
Transactions value $
-$21,127
Form type
4
Date filed
8/4/2023, 04:59 PM
Previous filing
Jul 28, 2023
Next filing
Sep 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Sale -$16.8K -10.1K -1.36% $1.66 732K Aug 2, 2023 Direct F1, F2, F3
transaction RENT Class A Common Stock Sale -$4.36K -2.6K -0.36% $1.67 729K Aug 2, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 instruction dated April 27, 2022.
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 $1.61 to $1.77, inclusive. The amount reflected has been rounded to four decimal points. 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 Shares were sold pursuant to a Rule 10b5-1 trading plan dated April 26, 2023.