Form 4 for RENT Rent the Runway, Inc.
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0001468327-24-000086 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-03-19 | 2024-03-15 | RENT | Tam Sarah K | Chief Merchant Off | A - Grant | $0.00 | +325.0K | 764.4K | +74% | $0 | |
| 2024-03-19 | 2024-03-18 | RENT | Tam Sarah K | Chief Merchant Off | S - Sale | $0.35 | -48.6K | 715.8K | -6% | -$17.0K |
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 | 2024-03-15 | A | A | 325,000 | $0.00 | 764,429 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2024-03-18 | S | D | 48,585 | $0.35 | 715,844 | 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 $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. |