Jennifer Y. Hyman - 01 Nov 2023 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Signature
/s/ Cara Schembri as Attorney in- fact for Jennifer Y. Hyman
Issuer symbol
RENT
Transactions as of
01 Nov 2023
Net transactions value
-$47,687
Form type
4
Filing time
03 Nov 2023, 17:41:55 UTC
Previous filing
20 Sep 2023
Next filing
20 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Conversion of derivative security $0 +9,404 +0.31% $0.000000 3,042,904 02 Nov 2023 Direct F1
transaction RENT Class A Common Stock Sale $4,866 -9,404 -0.31% $0.5174 3,033,500 02 Nov 2023 Direct F1, F2
transaction RENT Class A Common Stock Sale $42,822 -87,803 -2.9% $0.4877 2,945,697 02 Nov 2023 Direct F3, F4, F5

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 Restricted Stock Units Options Exercise $0 -12,931 -50% $0.000000 12,932 01 Nov 2023 Class B Common Stock 12,931 Direct F6
transaction RENT Class B Common Stock Options Exercise $0 +12,931 +1.1% $0.000000 1,155,133 01 Nov 2023 Class A Common Stock 12,931 Direct F7
transaction RENT Restricted Stock Units Options Exercise $0 -3,180 -11% $0.000000 25,441 01 Nov 2023 Class B Common Stock 3,180 Direct F8
transaction RENT Class B Common Stock Options Exercise $0 +3,180 +0.28% $0.000000 1,158,313 01 Nov 2023 Class A Common Stock 3,180 Direct F7
transaction RENT Class B Common Stock Conversion of derivative security $0 -9,404 -0.81% $0.000000 1,148,909 02 Nov 2023 Class A Common Stock 9,404 Direct F1, F7
holding RENT Class B Common Stock 123,108 01 Nov 2023 Class A Common Stock 123,108 Held by spouse F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class B common stock were converted to Class A common stock and sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 instruction dated December 22, 2021.
F2 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 $0.501 to $0.545, 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.
F3 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 December 22, 2021.
F4 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.
F5 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.
F6 Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class B common stock. The restricted stock units vest in one remaining substantially equal quarterly installment.
F7 Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. Each share of Class B common stock will automatically convert into one share of Class A common stock upon certain sales or transfers. The Class B common stock does not expire, but will convert automatically to Class A common stock as provided in the Issuer's Twelfth Amended and Restated Certificate of Incorporation.
F8 Each RSU represents the contingent right to receive one share of the Issuer's Class B common stock. The RSUs vest in eight remaining substantially equal quarterly installments.