Jennifer Y. Hyman - 05 Feb 2024 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
05 Feb 2024
Net transactions value
-$40,252
Form type
4
Filing time
07 Feb 2024, 21:14:08 UTC
Previous filing
05 Feb 2024
Next filing
07 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Sale $35,714 -73,379 -2.7% $0.4867 2,645,128 05 Feb 2024 Direct F1, F2, F3
transaction RENT Class A Common Stock Conversion of derivative security $0 +9,287 +0.35% $0.000000 2,654,415 06 Feb 2024 Direct F4, F5
transaction RENT Class A Common Stock Sale $4,539 -9,287 -0.35% $0.4887 2,645,128 06 Feb 2024 Direct F4, F6

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 Class B Common Stock Conversion of derivative security $0 -9,287 -0.8% $0.000000 1,149,529 06 Feb 2024 Class A Common Stock 9,287 Direct F4, F5
holding RENT Class B Common Stock 123,108 05 Feb 2024 Class A Common Stock 123,108 Held by spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 sell to cover instruction dated December 22, 2021.
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 $0.475 to $0.4938, 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.
F4 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.
F5 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.
F6 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 $0.48 to $0.50, 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.