Siddharth Thacker - 02 Aug 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Aug 2023, 17:07:31 UTC
Prior SEC filing
21 Jun 2023
Next SEC filing
20 Sep 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Cara Schembri as Attorney in-fact for Siddharth Thacker

Key filing fact

Siddharth Thacker filed Form 4 for Rent the Runway, Inc. (RENT) on 04 Aug 2023.

Key facts

  • This page summarizes Siddharth Thacker's Form 4 filing for Rent the Runway, Inc. (RENT).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 04 Aug 2023, 17:07.

Change

  • Previous filing in this sequence was filed on 21 Jun 2023.
  • Current net transaction value: -$57,363.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RENT transaction

Class A Common Stock

Sale

Transaction value
$52,945
Shares
-31,820
Change %
-4.2%
Price
$1.66
Shares after
721,919
Date
02 Aug 2023
Ownership
Direct
Footnotes
F1, F2, F3
RENT transaction

Class A Common Stock

Sale

Transaction value
$4,418
Shares
-2,655
Change %
-0.37%
Price
$1.66
Shares after
719,264
Date
02 Aug 2023
Ownership
Direct
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a Rule 10b5-1 instruction contained in the award agreement dated August 24, 2022.

Footnote F2

Represents the Reporting Person's pro rata portion, for each applicable award of restricted stock units, of the total shares sold on the transaction date to cover taxes upon vesting of restricted stock units for certain employees of the Issuer.

Footnote 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 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.

Footnote F4

Shares were sold solely to cover taxes upon the vesting of restricted stock units.

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