BETH J. KAPLAN - 29 Oct 2021 Form 4 Insider Report for Rent the Runway, Inc. (RENT)

Role
Director
Signature
/s/ Cara Schembri as Attorney-in-fact for Beth J. Kaplan
Issuer symbol
RENT
Transactions as of
29 Oct 2021
Net transactions value
$0
Form type
4
Filing time
02 Nov 2021, 21:01:25 UTC
Previous filing
26 Oct 2021
Next filing
02 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENT Common Stock Conversion of derivative security +160,913 +78% 368,222 29 Oct 2021 See Footnote F1, F3
transaction RENT Common Stock Other -517,562 -100% 0 29 Oct 2021 Direct F2
transaction RENT Class A Common Stock Other +517,562 517,562 29 Oct 2021 Direct F2
transaction RENT Common Stock Other -368,222 -100% 0 29 Oct 2021 See Footnote F2, F3
transaction RENT Class A Common Stock Other +368,222 368,222 29 Oct 2021 See Footnote F2, F3

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 Series D Preferred Stock Conversion of derivative security -145,701 -100% 0 29 Oct 2021 Common Stock 145,701 See footnote F1, F3
transaction RENT Series E Preferred Stock Conversion of derivative security -15,212 -100% 0 29 Oct 2021 Common Stock 15,212 See footnote F1, F3
transaction RENT Stock Option (Right to Buy) Other $0 -55,167 -100% $0.000000* 0 29 Oct 2021 Common Stock 55,167 $5.10 Direct F2, F4
transaction RENT Stock Option (Right to Buy) Other $0 +55,167 $0.000000 55,167 29 Oct 2021 Class A Common Stock 55,167 $5.10 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of the Issuer's preferred stock had no expiration date and were convertible, at the holder's election, into the Issuer's Common Stock at a conversion ratio of 1-to-1. Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.
F2 Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.
F3 Held directly by Axcel Partners VIII, LLC. The Reporting Person is the managing member of Axcel Partners LLC, and may be deemed to have voting and dispositive power over the shares held by Axcel Partners VIII, LLC.
F4 The option vests is fully vested and exercisable.