Form 4 for RENT Rent the Runway, Inc.
Accepted 2023-07-13 00:00:00 ET · period of report 2023-07-11 · accession 0001468327-23-000167 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-13 | 2023-07-11 | RENT | Steinberg Larry | CTO | A - Grant | — | +95.0K | 906.7K | +12% | — |
| D | 2023-07-13 | 2023-07-11 | RENT | Steinberg Larry | CTO | D - Sale to Iss | — | -237.4K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-07-11 | A | A | 94,959 | — | 906,701 | D | — | — | (F1) On July 11, 2023, the Issuer canceled, pursuant to the Issuers Option Exchange Program, all options that had been tendered by the Reporting Person. In exchange for the options, the Reporting Person received 94,959 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class A Common Stock. The award of restricted stock units shall vest in eight equal quarterly installments over two years beginning on November 1, 2023, provided that the Reporting Person remains continuously employed on each vesting date. |
| 2 | Derivative | Stock Option (Right to Buy) | 2023-07-11 | D | D | 237,400 | — | 0 | D | $6.76 · — to 2031-03-24 | 237,400 Class A Common Stock | (F1) On July 11, 2023, the Issuer canceled, pursuant to the Issuers Option Exchange Program, all options that had been tendered by the Reporting Person. In exchange for the options, the Reporting Person received 94,959 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class A Common Stock. The award of restricted stock units shall vest in eight equal quarterly installments over two years beginning on November 1, 2023, provided that the Reporting Person remains continuously employed on each vesting date. (F2) Prior to cancellation, the option vested and became exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter. |