Becky Case - Nov 1, 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Signature
/s/ Cara Schembri as Attorney-in-Fact for Becky Case
Stock symbol
RENT
Transactions as of
Nov 1, 2023
Transactions value $
-$2,861
Form type
4
Date filed
11/3/2023, 05:41 PM
Previous filing
Oct 20, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Award $0 +225K +141.52% $0.00 384K Nov 1, 2023 Direct F1
transaction RENT Class A Common Stock Sale -$2.86K -5.87K -1.53% $0.49 378K Nov 2, 2023 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. This award will vest 8 equal quarterly installments, beginning on February 1, 2023, provided the reporting person remains continuously employed on each vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 sell to cover instruction dated January 4, 2022.
F3 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.
F4 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 $0.4605 to $0.51, inclusive. 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.