Siddharth Thacker - Mar 15, 2024 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Signature
/s/ Cara Schembri as Attorney in-fact for Siddharth Thacker
Stock symbol
RENT
Transactions as of
Mar 15, 2024
Transactions value $
-$5,228
Form type
4
Date filed
3/19/2024, 05:21 PM
Previous filing
Feb 7, 2024
Next filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Class A Common Stock Award $0 +450K +67.5% $0.00 1.12M Mar 15, 2024 Direct F1
transaction RENT Class A Common Stock Sale -$5.23K -15K -1.35% $0.35 1.1M Mar 18, 2024 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 in 8 equal quarterly installments, beginning on June 15, 2024, provided the reporting person remains continuously employed on each vesting date.
F2 Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 instruction dated June 9, 2023.
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 $0.3330 to $0.38, 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.