Form 4 for RENT Rent the Runway, Inc.
Accepted 2023-08-04 00:00:00 ET · period of report 2023-08-01 · accession 0001468327-23-000241 · 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 | 2023-08-04 | 2023-08-02 | RENT | Hyman Jennifer | CEO, COB, Dir | C - Cnv Deriv | $0.00 | +9,386 | 3.10M | +0.3% | $0 |
| D | 2023-08-04 | 2023-08-02 | RENT | Hyman Jennifer | CEO, COB, Dir | S - Sale | $1.66 | -9,386 | 3.09M | -0.3% | -$15.6K |
| DM | 2023-08-04 | 2023-08-01 | RENT | Hyman Jennifer | CEO, COB, Dir | M - OptEx | $0.00 | 0 | 25.9K | New | $0 |
| D | 2023-08-04 | 2023-08-02 | RENT | Hyman Jennifer | CEO, COB, Dir | C - Cnv Deriv | $0.00 | -9,386 | 1.14M | -0.8% | $0 |
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 | 2023-08-02 | C | A | 9,386 | $0.00 | 3,099,892 | D | — | — | (F2) The Reporting Person historically reported certain unvested awards of restricted stock units that were convertible into Class A common stock in Table II. Beginning with this Form 4, the Reporting Person reports all unvested restricted stock units that are convertible into Class A common Stock in Table I. The total in Column 5 has been adjusted accordingly to reflect 595,337 restricted stock units that were previously reported in Table II. In addition, the Reporting Person's Form 4 dated February 1, 2023 overstated the number of shares sold by 356 shares, which has also been reflected in Column 5 herein. |
| 2 | Common | Class A Common Stock | 2023-08-02 | S | D | 9,386 | $1.66 | 3,090,506 | D | — | — | (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 $1.61 to $1.77, inclusive. The amount reflected has been rounded to four decimal points.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. |
| 3 | Derivative | Class B Common Stock | 2023-08-01 | M | A | 3,180 | $0.00 | 1,151,588 | D | — · — to — | 3,180 Class A Common Stock | (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 nine remaining substantially equal quarterly installments. |
| 4 | Derivative | Restricted Stock Units | 2023-08-01 | M | D | 3,180 | $0.00 | 28,621 | D | — · — to — | 3,180 Class B Common Stock | (F8) Each RSU represents the contingent right to receive one share of the Issuer's Class B common stock. The RSUs vest in ten remaining substantially equal quarterly installments. |
| 5 | Derivative | Class B Common Stock | 2023-08-01 | M | A | 12,931 | $0.00 | 1,141,408 | D | — · — to — | 12,931 Class A Common Stock | (F7) The Reporting Person's Form 4s subsequent to February 1, 2023 understated the number of shares of Class B common stock held by the Reporting Person by 356 shares, which has been corrected herein. (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 nine remaining substantially equal quarterly installments. |
| 6 | Derivative | Restricted Stock Units | 2023-08-01 | M | D | 12,931 | $0.00 | 25,863 | D | — · — to — | 12,931 Class B Common Stock | (F5) 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 three remaining substantially equal quarterly installments. |
| 7 | Derivative | Class B Common Stock | 2023-08-02 | C | D | 9,386 | $0.00 | 1,142,202 | D | — · — to — | 9,386 Class A Common Stock | (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 nine remaining substantially equal quarterly installments. |